{"url":"https://nivawealth.com/firms/waterstone-financial-advisory-325012","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/325012","regulatoryAum":262476520,"crd":"325012","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7531986","suffix":null,"lastName":"Daniels","firstName":"Adam","middleName":"Richard"},{"crd":"5766671","suffix":null,"lastName":"GALLAGHER","firstName":"JAMES","middleName":"STUART"},{"crd":"7959178","suffix":null,"lastName":"McGrath","firstName":"Phillip","middleName":"Taylor"}],"total":3,"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":"2023-08-02","regulatoryAum":170000000,"clients":280,"employees":6,"offices":1},{"filedOn":"2024-06-17","regulatoryAum":181381208,"clients":238,"employees":6,"offices":1},{"filedOn":"2025-07-15","regulatoryAum":225643976,"clients":288,"employees":5,"offices":1},{"filedOn":"2026-07-07","regulatoryAum":262476520,"clients":291,"employees":5,"offices":1}],"secFileNumber":"801-127693","legalName":"Waterstone Financial Advisory LLC","displayName":"Waterstone Financial Advisory","slug":"waterstone-financial-advisory-325012","website":"https://waterstonefs.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/325012/b7256235ae2d902b-r1.webp","tone":"light","width":686,"height":200,"sourceUrl":"https://www.waterstonefs.com/","sourceLabel":"Waterstone Financial Advisory LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/waterstonefs?trk=public_profile_topcard-current-company","founded":"2023","organization":"Florida limited liability company","fiscalYearEnd":"December","headquarters":{"street":"12597 New Brittany BLVD","city":"Fort Myers","state":"FL","stateName":"Florida","country":"United States","postalCode":"33907"},"tradeNames":[],"registration":{"secApproved":"20 April 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":880346.0105263158,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":262476520,"discretionary":260077778,"discretionaryAccounts":953,"nonDiscretionary":2398742,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":3},"clientTypes":[{"label":"Individuals (other than HNW)","clients":218,"regulatoryAum":73532837},{"label":"High-net-worth individuals","clients":67,"regulatoryAum":177365776},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":2398742},{"label":"Corporations and other businesses","clients":5,"regulatoryAum":9179165}],"feePrograms":[{"role":"main","program":"Advisory Fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009904","versionId":1009904,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-18","documentName":"FORM ADV PART 2A - WATERSTONE FINANCIAL ADVISORY LLC","fee_rate_low":0.45,"fee_rate_high":1.15,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Fees","summary":"A negotiated fixed fee of $300 to $3,000 per year for creating and monitoring a financial plan, paid in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009904","versionId":1009904,"submittedOn":"2026-02-18","documentName":"FORM ADV PART 2A - WATERSTONE FINANCIAL ADVISORY LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:25:38.852088+00:00","documents":[{"name":"FORM ADV PART 2A - WATERSTONE FINANCIAL ADVISORY LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009904","versionId":1009904,"submittedOn":"2026-02-18"}]},"custodians":[{"name":"Fidelity Investments","shortName":"Fidelity","location":"Covington, KS","smaAssets":240846870}],"custodyNote":"Waterstone Financial Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"James Gallagher","title":"President","crd":"5766671"},{"name":"Phillip McGrath","title":"Chief Compliance Officer & Director of Operations","crd":"7959178"}],"ownership":[{"label":"James Gallagher","detail":"President in the 75% or more ownership band and a control person, since January 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"12597 New Brittany BLVD","city":"Fort Myers","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"239-288-0977","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":30},{"label":"Securities issued by registered investment companies or business development companies","percent":66},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"7 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/325012/PDF/325012.pdf","brochureDate":"18 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009904","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 Waterstone Financial Advisory have?","answer":"Waterstone Financial Advisory has 291 clients and manages $262 million for them, as of July 2026. They include 218 individual clients, 67 high-net-worth individuals, and 5 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Waterstone Financial Advisory offer?","answer":"Waterstone Financial Advisory provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Waterstone Financial Advisory charge?","answer":"Waterstone Financial Advisory charges 0.45%–1.15% a year for its Advisory Fee. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2A - WATERSTONE FINANCIAL ADVISORY LLC, filed 18 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Waterstone Financial Advisory use?","answer":"Waterstone Financial Advisory’s separately managed account assets are held at Fidelity Investments (Covington, KS), with $241M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Waterstone Financial Advisory have?","answer":"Waterstone Financial Advisory has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 employees are 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 Waterstone Financial Advisory invest in?","answer":"At the end of its last fiscal year, Waterstone Financial Advisory’s separately managed accounts held 66% registered funds (mutual funds, ETFs, BDCs), 30% exchange-traded equities and 4% 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 Waterstone Financial Advisory?","answer":"Waterstone Financial Advisory’s direct owner is James Gallagher (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Waterstone Financial Advisory get paid?","answer":"Waterstone Financial Advisory is paid through a percentage of assets under management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Waterstone Financial Advisory?","answer":"Waterstone Financial Advisory’s main office is at 12597 New Brittany BLVD, Fort Myers, FL 33907. Its phone number is 239-288-0977. Its website is waterstonefs.com.","source":"Form ADV Part 1A, Item 1.F, filed 7 July 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."}