# Wave Equity Partners

> Wave Equity Partners is an SEC-registered investment advisory firm in Boston, MA, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 170642
- Filed as: WAVE EQUITY PARTNERS
- Legal name: Wave Equity Partners LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170642
- AdvisorCensus page: https://advisorcensus.com/firm/wave-equity-partners-boston-ma-170642

## Quick answers

**How is Wave Equity Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Wave Equity Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Wave Equity Partners located?**
Wave Equity Partners' principal office is in Boston, MA, according to its Form ADV.

**Is Wave Equity Partners registered with the SEC or a state?**
Wave Equity Partners is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 170642.

**How much does Wave Equity Partners manage?**
Wave Equity Partners reports $563,806,564 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Wave Equity Partners' assets and staff changed since 2021?**
In the Form ADV data for Wave Equity Partners: Regulatory assets under management: $206,340,921 in the October 2021 data and $563,806,564 in the October 2026 data, up 173%. Total employees: 7 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wave Equity Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17).

**Does Wave Equity Partners report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170642

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $563,806,564
- Discretionary: $563,806,564
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $563,806,564 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 9 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170642

### Websites listed on Form ADV (Item 1.I)
- waveep.com
- Facebook @WAVEEP
- LinkedIn @503889

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $206,340,921 | 7 | May 11, 2021 |
| October 2022 | $381,096,457 | 97 | September 28, 2022 |
| October 2023 | $374,044,713 | 11 | March 31, 2023 |
| October 2024 | $480,502,232 | 10 | March 28, 2024 |
| October 2025 | $516,764,981 | 10 | May 21, 2025 |
| October 2026 | $563,806,564 | 9 | March 30, 2026 |

Regulatory assets under management: $206,340,921 in the October 2021 data and $563,806,564 in the October 2026 data, up 173%.
Total employees: 7 in October 2021 and 9 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wave Equity Partners (CRD 170642): Form ADV filing data as of October 2026.