DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Blue Water Asset Management
Legal name Blue Water Asset Management, LLC
Latest filing Jun 3, 2026
First filing on the tape Mar 11, 2015 · 43 filings
SEC status approved since Mar 18, 2015
RAUM
$428M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$413M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$61.2M
derived; firm RAUM over IAPD count
Employees
10
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$428M as of Jun 3, 2026
Feb 24, 2016$126M then
HNW client RAUM$246M as of Jun 3, 2026
Feb 18, 2018$94.6M then
State-registered IARs (5.B.3)7 as of Jun 3, 2026
Feb 24, 20168 then
Employees (5.A)10 as of Jun 3, 2026
Feb 24, 20169 then
Private funds: no history
RAUM +11% over the last fiscal year+13% a year over threeIARs 7 to 7offices 3 to 2
Practice profile
derived from the filing of Jun 3, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $61.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 131derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $230,979derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 2.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $136M, 597 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$246M58%
- Individuals$166M39%
- Corporations and businesses$8.3M2.0%
- Charitable organizations$5.0M1.2%
- Insurance companies$219,3530.1%
- Individual clients
- 794reported
- HNW clients
- 122reported
- Pension plan clients
- n/areported
- Charitable clients
- 6reported
- Accounts
- 1,855reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $136M for 597 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Mark Sid RedfieldChartered Financial Consultant | Grand Rapids, Mi | Mar 19, 2015 | 40 y | 4 |
| David Michael Teroller | Grand Rapids, Mi | Mar 19, 2015 | 36 y | 2 |
| Jay William Greer | Grand Haven, Mi | May 19, 2015 | 30 y | 2 |
| Theodore Michael Terzian | Grand Rapids, Mi | Jun 12, 2015 | 34 y | 3 |
| Beau S RedfieldCertified Financial Planner | Grand Rapids, Mi | Jan 11, 2019 | 10 y | 0 |
| Nicolle M. Rumsey | Grand Rapids, Mi | Jul 25, 2019 | 19 y | 0 |
| Benjamin H Redfield | Grand Rapids, Mi | May 14, 2025 | 11 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 14% of current headcount1 left over 36 months
Left, latest
- Scott Randall Nicholson to Advize Wealth ManagementSep 30, 2025 · RIA to a state-registered adviser
- Michael Scott Green to Ace ManagementSep 29, 2022 · RIA to a state-registered adviser
- Darin Andrew Stevens to LPL Financial LLCFeb 3, 2022 · RIA to affiliated broker-dealer or bank
- Joseph Panfil to LPL Financial LLCMar 23, 2018 · RIA to RIA
- Robert Wayne Stites to LPL Financial LLCFeb 15, 2018 · Other
- Richard Lee Stites to LPL Financial LLCFeb 15, 2018 · Other
Joined, latest
- Darin Andrew Stevens from Invest Financial CorporationApr 24, 2018 · Other
- Joseph Panfil from Invest Financial CorporationOct 20, 2015 · Other
- Robert Wayne Stites from Cg Advisory ServicesJul 2, 2015 · Other
- Richard Lee Stites from Cg Advisory ServicesJul 2, 2015 · Other
- Theodore Michael Terzian from Invest Financial CorporationJun 12, 2015 · Other
- Jay William Greer from Cg Advisory ServicesMay 19, 2015 · Other
- David Michael Teroller from Cg Advisory ServicesMar 19, 2015 · Other
- Mark Sid Redfield from Cg Advisory ServicesMar 19, 2015 · Other
- Scott Randall Nicholson from Invest Financial CorporationMar 19, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for LPL Financial LLCFeb 15, 2018 · Grand Rapids, Mi
- 2 joined from Invest Financial CorporationFeb 14, 2018 · Appleton, Wi
- 2 joined from Cg Advisory ServicesSep 2, 2015 · Ann Arbor, Mi
- 3 joined from Cg Advisory ServicesJul 8, 2015 · Williamston, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- William Jay Greer · Chief Compliance Officercontrolsince 05/2015 · owns less than 5%
- Sid Mark Redfield · Managing Membercontrolsince 02/2015 · owns 75% or more
- M. Nicolle Rumsey · Chief Operating Officer And Compliance Officercontrolsince 03/2015 · owns less than 5%
Related persons
Schedule D 7.A
- Blue Water Group Agency LLCreal estaten
- Redfield Financial Group, LLCreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Grand Rapids, Mi · principal | 7 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Lansing, MI2 employees
- Grand Haven, MI1 employees
- Grand Rapids, MI1 employees
What changed
consecutive filings, newest first
- Accounts · 1,796 to 1,855Jun 24, 2025 to Mar 18, 2026
- Charity clients · 5 to 6Jun 24, 2025 to Mar 18, 2026
- Corporate clients · 13 to 15Jun 24, 2025 to Mar 18, 2026
- HNW clients · 112 to 122Jun 24, 2025 to Mar 18, 2026
- Individual clients · 746 to 794Jun 24, 2025 to Mar 18, 2026
- Assets in custody · $142M to $136MJun 24, 2025 to Mar 18, 2026
- Employees · 12 to 10Jun 24, 2025 to Mar 18, 2026
- Other offices · 3 to 2Jun 24, 2025 to Mar 18, 2026
- Discretionary RAUM · $387M to $428MJun 24, 2025 to Mar 18, 2026
- HNW RAUM · $211M to $246MJun 24, 2025 to Mar 18, 2026
- Individual RAUM · $161M to $166MJun 24, 2025 to Mar 18, 2026
- RAUM · $387M to $428MJun 24, 2025 to Mar 18, 2026
- Financial planning clients · 0 to 0Mar 19, 2025 to Jun 24, 2025
- Accounts · 1,695 to 1,796Sep 18, 2024 to Mar 19, 2025
- Charity clients · 3 to 5Sep 18, 2024 to Mar 19, 2025
- Corporate clients · 7 to 13Sep 18, 2024 to Mar 19, 2025
- HNW clients · 113 to 112Sep 18, 2024 to Mar 19, 2025
- Individual clients · 542 to 746Sep 18, 2024 to Mar 19, 2025
- Assets in custody · $113M to $142MSep 18, 2024 to Mar 19, 2025
- Discretionary RAUM · $335M to $387MSep 18, 2024 to Mar 19, 2025
- HNW RAUM · $189M to $211MSep 18, 2024 to Mar 19, 2025
- Individual RAUM · $141M to $161MSep 18, 2024 to Mar 19, 2025
- RAUM · $335M to $387MSep 18, 2024 to Mar 19, 2025
- Employees · 11 to 12Mar 18, 2024 to Aug 8, 2024
- Accounts · 1,625 to 1,695Nov 21, 2023 to Mar 18, 2024
- Corporate clients · 6 to 7Nov 21, 2023 to Mar 18, 2024
- HNW clients · 98 to 113Nov 21, 2023 to Mar 18, 2024
- Individual clients · 563 to 542Nov 21, 2023 to Mar 18, 2024
- Assets in custody · unset to 112939297.0Nov 21, 2023 to Mar 18, 2024
- Custody of client assets · false to trueNov 21, 2023 to Mar 18, 2024
- Employees · 8 to 11Nov 21, 2023 to Mar 18, 2024
- Discretionary RAUM · $297M to $335MNov 21, 2023 to Mar 18, 2024
- HNW RAUM · $153M to $189MNov 21, 2023 to Mar 18, 2024
- Individual RAUM · $139M to $141MNov 21, 2023 to Mar 18, 2024
- RAUM · $297M to $335MNov 21, 2023 to Mar 18, 2024
- Accounts · 1,508 to 1,625Sep 15, 2022 to Mar 7, 2023
- Advisory employees · 8 to 7Sep 15, 2022 to Mar 7, 2023
- Charity clients · unset to 3.0Sep 15, 2022 to Mar 7, 2023
- HNW clients · 105 to 98Sep 15, 2022 to Mar 7, 2023
- Individual clients · 646 to 563Sep 15, 2022 to Mar 7, 2023
Signals
5 dated events
- Scott Randall Nicholson left Blue Water Asset Management for Advize Wealth Management (registered 2025-10-10)Sep 30, 2025 · Advisor changed firm · fact
- Michael Scott Green left Blue Water Asset Management for Ace Management (registered 2024-01-02)Sep 29, 2022 · Advisor changed firm · fact
- Darin Andrew Stevens left Blue Water Asset Management for Lpl Financial Llc (registered 2022-01-25)Feb 3, 2022 · Advisor changed firm · fact
- M. Nicolle Rumsey (Chief Operating Officer And Compliance Officer) appeared on Schedule A of Blue Water Asset ManagementMar 12, 2020 · Control person joined · fact
- Blue Water Asset Management filed its initial SEC registration (Form ADV)Mar 11, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 616-447-1600reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 616-447-1616reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- redfieldfinancialgroup.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 616-447-1600reportedpublic record, Form ADV, Jun 3, 2026
- Contact form
- redfieldfinancialgroup.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- redfieldfinancialgroup.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $61.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026