Brightwater Advisory, Llc
SEC-registered
Wealth Manager · Small ($100M–$1B)
CRD 169806
· SEC file 801-110500
· Tampa, FL
· X.COM
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ADV data as of Mar 16, 2026
- Regulatory AUM
- $304M
- Discretionary
- $293M
- Clients
- 285
- Avg AUM / client
- $1.1M
- Accounts
- 718
- Employees
- 5
AUM over time
$165M
$304M
Dec 2016
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 16, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 146 | $29.0M | 9.56% |
| High net worth individuals | 127 | $264M | 87.0% |
| Pension and profit sharing plans | 3 | $3.1M | 1.02% |
| Charitable organizations | 2 | $4.6M | 1.51% |
| Corporations and other businesses | 7 | $2.7M | 0.89% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Carlen Maddux | Managing Member, Chief Executive Officer, Chief Compliance Officer, And Chief Investment Officer | May 2014 (12y) | 50% – 75% | |
| Maddux, Kathleen, Nelson | Member, Chief Financial Officer | May 2014 (12y) | 50% – 75% | |
| Barry W Brindise | Registered representative | CFP | May 2020 (6y) |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/16/2026 | 906 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Charles Schwab & Co. $304M (100% of AUM) Mar 2026
- U.S. Bank $25.2M (14% of AUM) Mar 2019
- Foley Private Office $6.8M (2% of AUM) Mar 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 16, 2026.
View current Form ADV (SEC/IAPD) ↗