{"url":"https://nivawealth.com/firms/clerou-romain-pierre-walsh-111081","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/111081","regulatoryAum":218943043,"crd":"111081","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1694524","suffix":null,"lastName":"CLEROU","firstName":"ROMAIN","middleName":"PIERRE WALSH"}],"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":"2021-03-10","regulatoryAum":142308680,"clients":40,"employees":1,"offices":1},{"filedOn":"2022-03-18","regulatoryAum":175423399,"clients":42,"employees":1,"offices":1},{"filedOn":"2023-03-06","regulatoryAum":143910377,"clients":43,"employees":1,"offices":1},{"filedOn":"2024-03-08","regulatoryAum":163240756,"clients":43,"employees":1,"offices":1},{"filedOn":"2025-03-21","regulatoryAum":187036420,"clients":42,"employees":1,"offices":1},{"filedOn":"2026-03-09","regulatoryAum":218943043,"clients":42,"employees":1,"offices":1}],"secFileNumber":"801-117755","legalName":"Clerou Romain Pierre Walsh","displayName":"Clerou Romain Pierre Walsh","slug":"clerou-romain-pierre-walsh-111081","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California sole proprietorship","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"10 December 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":5212929.595238095,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":218943043,"discretionary":218943043,"discretionaryAccounts":42,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":9,"regulatoryAum":1717427},{"label":"High-net-worth individuals","clients":33,"regulatoryAum":217225616}],"feePrograms":[{"role":"main","program":"Flat fee on assets under management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015941","versionId":1015941,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-09","documentName":"FIRM BROCHURE - PART 2A OF FORM ADV","fee_rate_low":0.35,"fee_rate_high":0.7,"fee_negotiable":true,"minimum_account":1000000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:08:53.414818+00:00","documents":[{"name":"FIRM BROCHURE - PART 2A OF FORM ADV","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015941","versionId":1015941,"submittedOn":"2026-03-09"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":107017325}],"custodyNote":"Clerou Romain Pierre Walsh does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Romain Clerou","title":"Owner/Chief Compliance Officer","crd":"1694524"}],"ownership":[{"label":"Romain Clerou","detail":"Owner/chief compliance officer in the 75% or more ownership band and a control person, since February 1990."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"707-938-2220","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":64},{"label":"Investment grade corporate bonds","percent":16},{"label":"Cash and cash equivalents","percent":20}],"privateFunds":0},"sources":{"adv1FilingDate":"9 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/111081/PDF/111081.pdf","brochureDate":"9 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015941","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 Clerou Romain Pierre Walsh have?","answer":"Clerou Romain Pierre Walsh has 42 clients and manages $219 million for them, as of March 2026. They include 33 high-net-worth individuals and 9 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Clerou Romain Pierre Walsh offer?","answer":"Clerou Romain Pierre Walsh 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":"How much does Clerou Romain Pierre Walsh charge?","answer":"Clerou Romain Pierre Walsh charges 0.35%–0.70% a year for its Flat fee on assets under management. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.","source":"FIRM BROCHURE - PART 2A OF FORM ADV, filed 9 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Clerou Romain Pierre Walsh use?","answer":"Clerou Romain Pierre Walsh’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $107M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Clerou Romain Pierre Walsh have?","answer":"Clerou Romain Pierre Walsh has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 Clerou Romain Pierre Walsh invest in?","answer":"At the end of its last fiscal year, Clerou Romain Pierre Walsh’s separately managed accounts held 64% exchange-traded equities, 20% cash and equivalents and 16% investment grade corporate bonds.","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":"Does Clerou Romain Pierre Walsh have a minimum investment?","answer":"Yes, Clerou Romain Pierre Walsh’s minimum account size for its Flat fee on assets under management is $1M.","source":"FIRM BROCHURE - PART 2A OF FORM ADV, filed 9 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Clerou Romain Pierre Walsh?","answer":"Clerou Romain Pierre Walsh’s direct owner is Romain Clerou (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 9 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Clerou Romain Pierre Walsh get paid?","answer":"Clerou Romain Pierre Walsh is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees 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 Clerou Romain Pierre Walsh?","answer":"Its phone number is 707-938-2220.","source":"Form ADV Part 1A, Item 1.F, filed 9 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."}