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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

BLACK CORAL FINANCIAL ADVISORS, LLC

CRD 154623

MOUNT OLIVE, NJ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:dbf32ed0-f45b-c822-b263-dea4520e482d

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 12:50 AM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 7
On other graphs: 0
Observed: Jan 30, 2012 to Feb 24, 2026
21 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $504MItem 5.F on the latest filing (2026-02-24); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $327M
Private client RAUM: $504MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 4
RAUM per advisor: $126Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 6
Advisory employees: 4
Offices: 3Schedule D 1.F, beyond the principal office
Accounts: 785
High net worth clients: 88
SEC number: 801-73107
CRD: 154623
Filings on the tape: 21
First filed: Jan 30, 2012
Latest filed: Feb 24, 2026
Organised: Limited Liability Company, NJ
Website: blackcoralfa.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
STEPHEN PAUL LISKA	n/a	MOUNT OLIVE, NJ \| NAPLES, FL	15	25	1	no
RAYMOND WILLIAM VANHOOREBEKE	n/a	MOUNT OLIVE, NJ \| LONG VALLEY, NJ	15	16	n/a	no
DENNIS B GALVIN	n/a	MOUNT OLIVE, NJ \| OCEANPORT, NJ	11	13	n/a	no
Joshua K Wardell	n/a	Naples, FL \| MOUNT OLIVE, NJ	0	13	1	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
LISKA, STEPHEN, PAUL	PRESIDENT & FOUNDER, CHIEF COMPLIANCE OFFICER	C	yes	07/2010	Jan 30, 2012	Jan 10, 2024
GALLO, JOSEPH, MICHAEL	VICE PRESIDENT, SENIOR FINANCIAL ADVISOR	B	no	01/2013	Mar 4, 2013	Jan 10, 2024
VANHOOREBEKE, RAYMOND, WILLIAM	CHIEF OPERATING OFFICER	B	no	01/2012	Jan 30, 2012	Jan 10, 2024
WILK, MATTHEW, FRANK	VICE PRESIDENT, SENIOR FINANCIAL ADVISOR	B	no	01/2013	Mar 4, 2013	Jan 10, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Feb 24, 2026	$504M	$327M	6	4	3	n/a	n/a
2024	Jan 9, 2025	$936M	$673M	7	6	0	n/a	n/a
2023	Jan 10, 2024	$810M	$605M	7	6	0	n/a	n/a
2022	Jan 23, 2023	$752M	$515M	7	6	0	n/a	n/a
2021	Jan 5, 2022	$752M	$550M	6	5	0	n/a	n/a
2020	Jan 10, 2021	$593M	$458M	5	5	0	n/a	n/a
2019	Jan 4, 2020	$577M	$408M	5	5	0	n/a	n/a
2018	Jan 25, 2019	$515M	$331M	5	5	1	n/a	n/a
2017	Jan 9, 2018	$560M	$270M	5	5	1	n/a	n/a
2016	Jan 5, 2017	$410M	$250M	5	5	n/a	n/a	n/a
2015	Jan 20, 2016	$400M	$250M	5	5	n/a	n/a	n/a
2014	Jan 7, 2015	$350M	$225M	5	5	n/a	n/a	n/a
2013	Jan 10, 2014	$275M	$175M	4	4	n/a	n/a	n/a
2012	Mar 4, 2013	$200M	$150M	5	5	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
1	2	-1	50.0%	0	0	0	1	2

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$504M	$936M	-46.1%	$752M	-12.5%	6	7	3	0

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
CLEAR WAVE WEALTH MANAGEMENT, LLC	2	Nov 19, 2025	Nov 17, 2025	MOUNT OLIVE, NJ	Team lift out	RIA to new firm	40.0%

Relationships

Registered with (8)

← Joshua K WardellAdvisorregistration: current employment
Feb 19, 2026 to presentfactForm ADV
← DENNIS B GALVINAdvisorregistration: current employment
Dec 10, 2014 to presentfactForm ADV
← RAYMOND WILLIAM VANHOOREBEKEAdvisorregistration: current employment
Dec 24, 2010 to presentfactForm ADV
← STEPHEN PAUL LISKAAdvisorregistration: current employment
Oct 7, 2010 to presentfactForm ADV
← MATTHEW FRANK WILKAdvisorregistration: previous registration
Jan 30, 2012 to Nov 19, 2025factForm ADV
← JOSEPH MICHAEL GALLOAdvisorregistration: previous registration
Oct 1, 2012 to Nov 19, 2025factForm ADV
← DANIEL E PARKAdvisorregistration: previous registration
Dec 11, 2012 to Jan 2, 2014factForm ADV
← SEAN MICHAEL MOOREAdvisorregistration: previous registration
Jan 30, 2012 to Nov 14, 2012factForm ADV

Moved with (1)

→ CLEAR WAVE WEALTH MANAGEMENT, LLCRegistered adviser2 advisors, team lift out, same day
Nov 19, 2025 to Nov 17, 2025factForm ADV

Controls (1)

← LISKA, STEPHEN, PAULOwnerPRESIDENT & FOUNDER, CHIEF COMPLIANCE OFFICER, ownership code C, individual
Jan 30, 2012 to Jan 10, 2024factForm ADV

Owns (3)

← WILK, MATTHEW, FRANKOwnerVICE PRESIDENT, SENIOR FINANCIAL ADVISOR, ownership code B, individual
Mar 4, 2013 to Jan 10, 2024factForm ADV
← GALLO, JOSEPH, MICHAELOwnerVICE PRESIDENT, SENIOR FINANCIAL ADVISOR, ownership code B, individual
Mar 4, 2013 to Jan 10, 2024factForm ADV
← VANHOOREBEKE, RAYMOND, WILLIAMOwnerCHIEF OPERATING OFFICER, ownership code B, individual
Jan 30, 2012 to Jan 10, 2024factForm ADV

Dated events

1 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Feb 24, 2026
Regulatory AUM changed
Black Coral Financial Advisors, Llc reported RAUM $504.4M, down 46% from $936.0M (2025-11-28 to 2026-02-24)
Form ADVobserved 4 days ago
$-432M
Occurred
Nov 19, 2025
Team lift-out
2 advisors left Black Coral Financial Advisors, LLC (Chester, NJ) for Clear Wave Wealth Management, LLC on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Nov 19, 2025
Advisor changed firm
Matthew Frank Wilk left Black Coral Financial Advisors, Llc for Clear Wave Wealth Management, Llc (registered 2025-11-17)
Form ADVobserved 4 days ago
Occurred
Nov 19, 2025
Advisor changed firm
Joseph Michael Gallo left Black Coral Financial Advisors, Llc for Clear Wave Wealth Management, Llc (registered 2025-11-17)
Form ADVobserved 4 days ago
Occurred
Jan 5, 2022
Regulatory AUM changed
Black Coral Financial Advisors, Llc reported RAUM $752.1M, up 27% from $592.9M (2021-01-10 to 2022-01-05)
Form ADVobserved 4 days ago
$159M
Occurred
Jan 9, 2018
Regulatory AUM changed
Black Coral Financial Advisors, Llc reported RAUM $560.0M, up 37% from $410.0M (2017-01-05 to 2018-01-09)
Form ADVobserved 4 days ago
$150M

Show 1 bookkeeping events

Occurred
May 12, 2025
Black Coral Financial Advisors, Llc reported 5 offices beyond its principal office, up from 0 (2025-01-09 to 2025-05-12)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:dbf32ed0-f45b-c822-b263-dea4520e482d
First observed: Jan 30, 2012
Last observed: Feb 24, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

BLACK CORAL FINANCIAL ADVISORS, LLC

CRD 154623

MOUNT OLIVE, NJ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:dbf32ed0-f45b-c822-b263-dea4520e482d

Data as of Feb 24, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 12:50 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

STEPHEN PAUL LISKA

n/a

MOUNT OLIVE, NJ | NAPLES, FL

RAYMOND WILLIAM VANHOOREBEKE

n/a

MOUNT OLIVE, NJ | LONG VALLEY, NJ

n/a

DENNIS B GALVIN

n/a

MOUNT OLIVE, NJ | OCEANPORT, NJ

n/a

Joshua K Wardell

n/a

Naples, FL | MOUNT OLIVE, NJ

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

LISKA, STEPHEN, PAUL

PRESIDENT & FOUNDER, CHIEF COMPLIANCE OFFICER

yes

07/2010

Jan 30, 2012

Jan 10, 2024

GALLO, JOSEPH, MICHAEL

VICE PRESIDENT, SENIOR FINANCIAL ADVISOR

01/2013

Mar 4, 2013

Jan 10, 2024

VANHOOREBEKE, RAYMOND, WILLIAM

CHIEF OPERATING OFFICER

01/2012

Jan 30, 2012

Jan 10, 2024

WILK, MATTHEW, FRANK

VICE PRESIDENT, SENIOR FINANCIAL ADVISOR

01/2013

Mar 4, 2013

Jan 10, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Feb 24, 2026

$504M

$327M

n/a

2024

Jan 9, 2025

$936M

$673M

n/a

2023

Jan 10, 2024

$810M

$605M

n/a

2022

Jan 23, 2023

$752M

$515M

n/a

2021

Jan 5, 2022

$752M

$550M

n/a

2020

Jan 10, 2021

$593M

$458M

n/a

2019

Jan 4, 2020

$577M

$408M

n/a

2018

Jan 25, 2019

$515M

$331M

n/a

2017

Jan 9, 2018

$560M

$270M

n/a

2016

Jan 5, 2017

$410M

$250M

n/a

2015

Jan 20, 2016

$400M

$250M

n/a

2014

Jan 7, 2015

$350M

$225M

n/a

2013

Jan 10, 2014

$275M

$175M

n/a

2012

Mar 4, 2013

$200M

$150M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

-1

50.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$504M

$936M

-46.1%

$752M

-12.5%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

CLEAR WAVE WEALTH MANAGEMENT, LLC

Nov 19, 2025

Nov 17, 2025

MOUNT OLIVE, NJ

Team lift out

RIA to new firm

40.0%