Dravo Bay provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Dravo Bay reports 314 clients. They include 140 individual clients, 125 high-net-worth individuals, and 49 pension and profit-sharing plans. Of its assets, 73.0% ($279M across 754 accounts) are managed with discretion; $103M across 41 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 17% |
| High-net-worth individuals | 40% | 51% |
| Pension and profit-sharing plans | 16% | 31% |
| Charitable organizations | Fewer than 5 | 1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 140 | $65.9M | 17.3% | $470K |
| High-net-worth individuals | 125 | $194M | 50.8% | $1.55M |
| Pension and profit-sharing plans | 49 | $117M | 30.6% | $2.39M |
| Charitable organizations | Fewer than 5 | $5.22M | 1.4% | — |
| Total | 314 | $382M | 100% | — |
- Clients
- 140
- Regulatory AUM
- $65.9M
- AUM share
- 17.3%
- Avg. per client
- $470K
- Clients
- 125
- Regulatory AUM
- $194M
- AUM share
- 50.8%
- Avg. per client
- $1.55M
- Clients
- 49
- Regulatory AUM
- $117M
- AUM share
- 30.6%
- Avg. per client
- $2.39M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.22M
- AUM share
- 1.4%
- Avg. per client
- —
Total
- Clients
- 314
- Regulatory AUM
- $382M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Dravo Bay charges 0.39%–1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is billed hourly at $350 to $500, as a fixed fee of $1,500 to $24,000, or as an ongoing fee of $100 to $2,000 a month.
Todd Roselle owns 75% or more of Dravo Bay. The leadership team of Dravo Bay includes Chief Compliance Officer Kelly Wilson. It has 10 employees, 5 of them in advisory roles.
Leadership
- Kelly WilsonChief Compliance Officer & Director of Retirement Plans
- Carter McClungDirector of Financial Planning
- Todd RosellePrincipal
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Todd Ashley Roselle
Staff
- 10 employees
- 5 in advisory functions
- 5 state-registered reps
- 1 insurance agent
- Owns 75% or more of Dravo Bay LLC
Todd Roselle
Control person · since August 2018
Dravo Bay’s regulatory assets grew 2.5× from $154M (July 2021) to $382M (March 2026); clients rose from 189 to 314 and employees from 5 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $382M | 314 | 10 | 2 |
| July 2025 | $335M | 317 | 7 | 2 |
| July 2024 | $274M | 270 | 10 | 2 |
| March 2023 | $207M | 340 | 8 | 2 |
| June 2022 | $197M | 282 | 7 | 2 |
| July 2021 | $154M | 189 | 5 | 2 |
Besides its headquarters, Dravo Bay has 1 office, with 2 listed addresses in Delaware.
Delaware · 2 listed addresses
- 37458 Oyster House Road, Rehoboth BeachHQ
- 112 S French Street, Wilmington
Other business names
Dravo Bay has reported 1 other business name to the SEC.
- Blue Rock 401k Group
Contact and registration details
- Legal name
- Dravo Bay LLC
- Headquarters
- 37458 Oyster House Road, Rehoboth Beach, DE 19971
- Website
- bluerockfg.com
- Phone
- 302-752-6637
- @bluerockfg
- SEC file
- 801-117998
- Structure
- Delaware LLC
- Fiscal year end
- December
Dravo Bay uses SEI Investments Distribution ($261M) as custodian for its separately managed accounts. Dravo Bay does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $261M100%
At year end, Dravo Bay’s separately managed accounts were mostly in stocks (77%) and bonds (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $289M across 51 positions; the largest are Schwab Strategic TR (17.5%), Schwab Strategic TR (16.5%) and Vanguard Tax-managed Fds (9.7%).
What the accounts hold
- Stocks77%
- Funds8%
- Registered funds7%
- Pooled vehicles1%
- Bonds10%
- U.S. government and agency bonds3%
- State and local bonds3%
- Investment grade corporate bonds2%
- Sovereign bonds1%
- High-yield corporate bonds1%
- Cash5%
Reported 13F holdings
- $289M
- Reported 13F value
- 51
- Positions
- 77.4%
- In the 10 largest
- +17.4%
- Value vs. prior quarter
- Schwab Strategic TR · US Lcap VA ETF17.5%
- Schwab Strategic TR · US Lcap GR ETF16.5%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt9.7%
- Dimensional ETF Trust · Core Fixe IN ETF6.1%
- Dimensional ETF Trust · Global CR ETF5.9%
- Dimensional ETF Trust · Shor Dur Fix ETF5.8%
- Dimensional ETF Trust · US Small Cap ETF4.7%
- Dimensional ETF Trust · Intl Small Cap V4.0%
- Vanguard Index Fds · Growth ETF3.8%
- Vanguard Index Fds · Value ETF3.5%
Together, the ten largest are 77.4% of reported value.
How many clients does Dravo Bay have?
Dravo Bay has 314 clients and manages $382 million for them, as of March 2026. They include 140 individual clients, 125 high-net-worth individuals, and 49 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Dravo Bay offer?
Dravo Bay provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Dravo Bay charge?
Dravo Bay charges 0.39%–1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: DRAVO BAY DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 26 March 2026
Which custodians does Dravo Bay use?
Dravo Bay’s separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $261M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Dravo Bay have?
Dravo Bay has 5 investment adviser representatives registered with state securities authorities, out of 10 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dravo Bay invest in?
At the end of its last fiscal year, Dravo Bay’s separately managed accounts held 77% exchange-traded equities, 7% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 3% U.S. government and agency bonds, 3% state and local bonds, 2% investment grade corporate bonds, 1% sovereign bonds, 1% high-yield corporate bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dravo Bay?
Dravo Bay’s direct owner is Todd Roselle (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Dravo Bay get paid?
Dravo Bay is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is Dravo Bay registered with the SEC?
Yes, Dravo Bay has been registered with the SEC as an investment adviser since 24 January 2020. Its CRD number is 298558 and its SEC file number is 801-117998.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Dravo Bay?
Dravo Bay’s main office is at 37458 Oyster House Road, Rehoboth Beach, DE 19971. Its phone number is 302-752-6637. Its website is bluerockfg.com.