Waterway Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, and insurance. Financial planning was provided to 11–25 clients last fiscal year.
Waterway Wealth Management reports 142 clients. They include 124 high-net-worth individuals, 15 individual clients, and 3 corporations and other businesses. Of its assets, 96.4% ($652M across 1,058 accounts) are managed with discretion; $24.1M across 15 accounts are not. A wrap fee program the firm both sponsors and manages holds $676M. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 11% | 5% |
| High-net-worth individuals | 87% | 95% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 15 | $32.9M | 4.9% | $2.19M |
| High-net-worth individuals | 124 | $642M | 95.0% | $5.18M |
| Corporations and other businesses | Fewer than 5 | $830K | 0.1% | $277K |
| Total | 142 | $676M | 100% | — |
- Clients
- 15
- Regulatory AUM
- $32.9M
- AUM share
- 4.9%
- Avg. per client
- $2.19M
- Clients
- 124
- Regulatory AUM
- $642M
- AUM share
- 95.0%
- Avg. per client
- $5.18M
- Clients
- Fewer than 5
- Regulatory AUM
- $830K
- AUM share
- 0.1%
- Avg. per client
- $277K
Total
- Clients
- 142
- Regulatory AUM
- $676M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Waterway Wealth Management charges 0.80%–1.00% a year for its Wrap Fee Program. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Fixed fee typically $4,000 to $10,000 for comprehensive planning, or hourly consultation at $100 to $300. Negotiable.
Daniel Michalk owns 75% or more of Waterway Wealth Management. The leadership team of Waterway Wealth Management includes Chief Operating Officer John Roach. It has 11 employees, 4 of them in advisory roles.
Staff
- 11 employees
- 4 in advisory functions
- 5 state-registered reps
- Owns 75% or more of Waterway Wealth Management, L.L.C.
Daniel Michalk
Control person · since July 2012
Waterway Wealth Management’s regulatory assets grew 1.6× from $421M (March 2021) to $676M (April 2026); clients fell from 257 to 142 and employees were 11 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $676M | 142 | 11 | 1 |
| Feb 2025February 2025 | $553M | 194 | 10 | 1 |
| Jun 2024June 2024 | $581M | 304 | 13 | 1 |
| Mar 2023March 2023 | $501M | 297 | 14 | 2 |
| Mar 2022March 2022 | $499M | 270 | 13 | 2 |
| Mar 2021March 2021 | $421M | 257 | 11 | 2 |
Besides its headquarters, Waterway Wealth Management has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 21 Waterway, Suite 500, The WoodlandsHQ
Contact and registration details
- Legal name
- Waterway Wealth Management, L.L.C.
- Headquarters
- 21 Waterway, Suite 500, The Woodlands, TX 77380
- Website
- waterwaywealth.com
- Phone
- 281-363-0000
- @waterway-wealth-management
- SEC file
- 801-77571
- Founded
- 2012
- Structure
- Texas LLC
- Fiscal year end
- December
Waterway Wealth Management’s named custodian for separately managed accounts is Fidelity ($601M). Waterway Wealth Management has custody of $286M for 377 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $601M100%
At year end, Waterway Wealth Management’s separately managed accounts were mostly in funds (59%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $490M across 96 positions; the largest are Wisdomtree Large Cap Dividend (11.6%), iShares Core S&P 500 ETF (11.2%) and iShares Russell 1000 Growth ETF (9.4%).
What the accounts hold
- Stocks36%
- Funds59%
- Registered funds57%
- Pooled vehicles2%
- Bonds3%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash2%
How many clients does Waterway Wealth Management have?
Waterway Wealth Management has 142 clients and manages $676 million for them, as of April 2026. They include 124 high-net-worth individuals, 15 individual clients, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 April 2026
What services does Waterway Wealth Management offer?
Waterway Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, estate planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Waterway Wealth Management charge?
Waterway Wealth Management charges 0.80%–1.00% a year for its Wrap Fee Program. The fee is billed in advance and is negotiable.
Which custodians does Waterway Wealth Management use?
Waterway Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $601M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 April 2026
How many financial advisors does Waterway Wealth Management have?
Waterway Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 11 employees, and 4 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
What does Waterway Wealth Management invest in?
At the end of its last fiscal year, Waterway Wealth Management’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 2% state and local bonds, 2% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% 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
Who owns Waterway Wealth Management?
Waterway Wealth Management’s direct owner is Daniel Michalk (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 April 2026
How does Waterway Wealth Management get paid?
Waterway Wealth Management 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
How do I contact Waterway Wealth Management?
Waterway Wealth Management’s main office is at 21 Waterway, Suite 500, The Woodlands, TX 77380. Its phone number is 281-363-0000. Its website is waterwaywealth.com.