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.
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SEC-registered adviser
B••• W•••• A••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Jul 3, 2017 · 19 filings
SEC status approved since Aug 3, 2017
RAUM
$928M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
5
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$928M as of Mar 31, 2026
Mar 30, 2018$444M then
HNW client RAUM$0 as of Mar 31, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20180 then
Employees (5.A)20 as of Mar 31, 2026
Mar 30, 20186 then
Private funds5 as of Mar 31, 2026
Mar 30, 20181 then
RAUM -0.7% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $186MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -0.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- yesreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$928M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 5reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B••• W•••• A••••••••• F••• L• | Private Equity Fund | $934M | 134 | Sep 29, 2017 |
| B••• W•••• W•••••••• L•• | Private Equity Fund | $275M | 83 | Jul 30, 2018 |
| B••• W•••• C•••• E•••••••• L• | Private Equity Fund | $46.3M | 30 | Mar 31, 2022 |
| B••• W•••• D••••••••• F••• L• | Private Equity Fund | $41.6M | 40 | Mar 30, 2024 |
| B••• W•••• R••• E••••• F••• I• L•no longer reported | Private Equity Fund | $30.9M | 33 | Mar 30, 2020 |
| B••• W•••• R••• E••••• F••• I• L• | Private Equity Fund | $24.4M | 24 | Mar 31, 2022 |
| B••• W•••• C••••••••• W••• P••••••• L• | Private Equity Fund | $0 | 12 | Mar 30, 2024 |
Owners and control persons
Schedule A and B, latest filing
- A••••• D••••• S•••••••• · Chief Financial Officer & Partnercontrolsince 05/2017 · owns 10% to 25%
- G•••••••• B•••••••• H•••• · Managing Partnercontrolsince 05/2017 · owns 25% to 50%
- W••••••••• W••••••• C•••••• · Managing Partnercontrolsince 05/2017 · owns 25% to 50%
- G•••••••• B•••••••• H•••• · Member Of B•• G•••• L••controlsince 10/2016 · owns 50% to 75% of B•• G•••• L••
- W••••••••• W••••••• C•••••• · Member Of B•• G•••• L••controlsince 10/2016 · owns 50% to 75% of B•• G•••• L••
- L••••• K••••• S•••• · Chief Compliance Officersince 10/2024 · owns less than 5%
Entity owners
- B•• G•••• L•• · General Partner Of B••• W•••• A••••••• L•direct · owns less than 5%
Related persons
Schedule D 7.A
- B••• W•••• A••••••••• G• L•pooled vehicle sponsorn
- B••• W•••• C•••• E•••••••• G• L•pooled vehicle sponsorn
- B••• W•••• D••••••••• G• L•pooled vehicle sponsorn
- B••• W•••• R••• E••••• G• I• L•pooled vehicle sponsorn
- B••• W•••• W•••••••• M•••••• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- New York, NY2 employees
What changed
consecutive filings, newest first
- Advisory employees · 9 to 14Mar 31, 2025 to Mar 31, 2026
- Employees · 18 to 20Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $934M to $928MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $934M to $928MMar 31, 2025 to Mar 31, 2026
- RAUM · $934M to $928MMar 31, 2025 to Mar 31, 2026
- Accounts · 6 to 5Oct 25, 2024 to Mar 31, 2025
- Pooled vehicle clients · 6 to 5Oct 25, 2024 to Mar 31, 2025
- Assets in custody · $1.3B to $0Oct 25, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 25, 2024 to Mar 31, 2025
- Private funds · 6 to 5Oct 25, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.7B to $934MOct 25, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $1.7B to $934MOct 25, 2024 to Mar 31, 2025
- RAUM · $1.7B to $934MOct 25, 2024 to Mar 31, 2025
- Accounts · 4 to 6Mar 31, 2023 to Mar 30, 2024
- Advisory employees · 8 to 9Mar 31, 2023 to Mar 30, 2024
- Pooled vehicle clients · 4 to 6Mar 31, 2023 to Mar 30, 2024
- Assets in custody · $1.0B to $1.3BMar 31, 2023 to Mar 30, 2024
- Employees · 16 to 18Mar 31, 2023 to Mar 30, 2024
- Private funds · 4 to 6Mar 31, 2023 to Mar 30, 2024
- Discretionary RAUM · $1.3B to $1.7BMar 31, 2023 to Mar 30, 2024
- Pooled vehicle RAUM · $1.3B to $1.7BMar 31, 2023 to Mar 30, 2024
- RAUM · $1.3B to $1.7BMar 31, 2023 to Mar 30, 2024
- Advisory employees · 9 to 8May 19, 2022 to Mar 31, 2023
- Assets in custody · $868M to $1.0BMay 19, 2022 to Mar 31, 2023
- Employees · 18 to 16May 19, 2022 to Mar 31, 2023
- Discretionary RAUM · $1.2B to $1.3BMay 19, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.2B to $1.3BMay 19, 2022 to Mar 31, 2023
- RAUM · $1.2B to $1.3BMay 19, 2022 to Mar 31, 2023
- Accounts · 3 to 4Jun 17, 2021 to Mar 31, 2022
- Advisory employees · 7 to 9Jun 17, 2021 to Mar 31, 2022
- Pooled vehicle clients · 3 to 4Jun 17, 2021 to Mar 31, 2022
- Assets in custody · $0 to $868MJun 17, 2021 to Mar 31, 2022
- Employees · 15 to 18Jun 17, 2021 to Mar 31, 2022
- Private funds · 3 to 4Jun 17, 2021 to Mar 31, 2022
- Discretionary RAUM · $973M to $1.2BJun 17, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $973M to $1.2BJun 17, 2021 to Mar 31, 2022
- RAUM · $973M to $1.2BJun 17, 2021 to Mar 31, 2022
- Advisory employees · 6 to 7Apr 30, 2020 to Mar 31, 2021
- Employees · 16 to 15Apr 30, 2020 to Mar 31, 2021
- Discretionary RAUM · $907M to $973MApr 30, 2020 to Mar 31, 2021
Signals
6 dated events
- B••• W•••• A••••••• L• reported RAUM $934.5M, down 44% from $1.7B (2024-10-25 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- B••• W•••• A••••••• L• reported RAUM $1.7B, up 25% from $1.3B (2023-03-31 to 2024-03-30)Mar 30, 2024 · RAUM change · derived
- Edward Ryan Morris (Managing Director & Partner) no longer on Schedule A of B••• W•••• A••••••• L• (listed 2019-07-01, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- B••• W•••• A••••••• L• reported RAUM $927.2M, up 109% from $444.3M (2018-03-30 to 2018-07-30)Jul 30, 2018 · RAUM change · derived
- B••• W•••• A••••••• L• reported RAUM $444.3M, up 101% from $221.4M (2017-09-29 to 2018-03-30)Mar 30, 2018 · RAUM change · derived
- B••• W•••• A••••••• L• filed its initial SEC registration (Form ADV)Jul 3, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- B••• W•••• A••••••• L• · Independent Sponsorsshared crd · capital_provider
- B••• W•••• A••••••• L• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/blue-water-advisors-lpreportedpublic record, Form ADV, Sep 19, 2026
- Website
- b••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (561) 282-0770reportedpublic record, Form ADV, Mar 31, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026