{"url":"https://nivawealth.com/firms/aqua-advisors-285399","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285399","regulatoryAum":298810311,"crd":"285399","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6708707","suffix":null,"lastName":"Varela Fleurquin","firstName":"Milagros","middleName":null}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-12","regulatoryAum":133437933,"clients":13,"employees":1,"offices":1},{"filedOn":"2022-02-06","regulatoryAum":148129899,"clients":13,"employees":1,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":121922139,"clients":19,"employees":1,"offices":1},{"filedOn":"2024-05-29","regulatoryAum":147710488,"clients":21,"employees":1,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":221449344,"clients":27,"employees":1,"offices":1},{"filedOn":"2026-03-17","regulatoryAum":298810311,"clients":51,"employees":2,"offices":1}],"secFileNumber":"801-120092","legalName":"Aqua Advisors LLC","displayName":"Aqua Advisors","slug":"aqua-advisors-285399","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"4 January 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":5859025.705882353,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":298810311,"discretionary":19599647,"discretionaryAccounts":12,"nonDiscretionary":279210664,"nonDiscretionaryAccounts":266,"wrapProgram":null,"nonUsClientsPct":98,"nonAumClients":51},"clientTypes":[{"label":"High-net-worth individuals","clients":51,"regulatoryAum":298810311}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T15:35:29.630077+00:00","documents":[{"name":"FORM ADV PART 2A & 2B AQUA ADVISORS","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020516","versionId":1020516,"submittedOn":"2026-03-17"}]},"custodians":[{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"Purchase, NY","smaAssets":33945305},{"name":"Citigroup Global Markets Inc.","shortName":"Citigroup Global Markets","location":"New York, NY","smaAssets":54773878},{"name":"UBS Securities LLC","shortName":"UBS Securities","location":"New York, NY","smaAssets":19824483},{"name":"Santander Securities LLC","shortName":"Santander Securities","location":"Boston, MA","smaAssets":3923967},{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":10078075},{"name":"Credicorp Capital LLC","shortName":"Credicorp Capital","location":"Miami, FL","smaAssets":2012510},{"name":"XP Investments US, LLC","shortName":"XP Investments US","location":"New York, NY","smaAssets":121603},{"name":"Stonex Securities Inc.","shortName":"Stonex Securities","location":"Birmingham, AL","smaAssets":36404442},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":2401},{"name":"Sabadell Securities USA, Inc.","shortName":"Sabadell Securities USA","location":"Miami, FL","smaAssets":2954280},{"name":"Banco Itau Uruguay S.a.","shortName":"Banco Itau Uruguay S.a.","location":"Montevideo","smaAssets":9020},{"name":"D&P Corredores De Bolsa","shortName":"D&P Corredores De Bolsa","location":"Montevideo","smaAssets":456672},{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":4990020}],"custodyNote":"Aqua Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Milagros Varela","title":"CCO","crd":"6708707"},{"name":"Jose Varela","title":"Member","crd":"4163995"}],"ownership":[{"label":"Milagros Varela","detail":"Cco in the 50% to 75% ownership band and a control person, since September 2016."},{"label":"Jose Varela","detail":"Member in the 50% to 75% ownership band and a control person, since September 2016."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"305-877-7593","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":16},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":2},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":5},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":16},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":56},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285399/PDF/285399.pdf","brochureDate":"17 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020516","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Aqua Advisors have?","answer":"Aqua Advisors has 51 clients and manages $299 million for them, as of March 2026. They include 51 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Aqua Advisors offer?","answer":"Aqua Advisors provides portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Aqua Advisors use?","answer":"Aqua Advisors’ separately managed account assets are held at Citigroup Global Markets Inc. (New York, NY), with $54.8M, Stonex Securities Inc. (Birmingham, AL), with $36.4M, Morgan Stanley Smith Barney LLC (Purchase, NY), with $33.9M, UBS Securities LLC (New York, NY), with $19.8M, J.P. Morgan Securities LLC (New York, NY), with $10.1M, Pershing LLC (Jersey City, NJ), with $4.99M, Santander Securities LLC (Boston, MA), with $3.92M, Sabadell Securities USA, Inc. (Miami, FL), with $2.95M, Credicorp Capital LLC (Miami, FL), with $2.01M, D&P Corredores De Bolsa (Montevideo), with $457K, XP Investments US, LLC (New York, NY), with $122K, Banco Itau Uruguay S.a. (Montevideo), with $9.02K and Charles Schwab & Co., Inc. (Westlake, TX), with $2.4K. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Aqua Advisors have?","answer":"Aqua Advisors has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Aqua Advisors invest in?","answer":"At the end of its last fiscal year, Aqua Advisors’ separately managed accounts held 56% pooled vehicles (private funds and similar), 16% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 5% investment grade corporate bonds, 2% U.S. government and agency bonds, 2% high-yield corporate bonds, 1% non-exchange-traded equities, 1% sovereign bonds and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Aqua Advisors?","answer":"Aqua Advisors’ direct owners are Milagros Varela (50% to 75%) and Jose Varela (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Aqua Advisors get paid?","answer":"Aqua Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Aqua Advisors?","answer":"Its phone number is 305-877-7593.","source":"Form ADV Part 1A, Item 1.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}