Blackwater Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$46,529,449
Clients
38
61% high-net-worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
38
HighAverage account size
$1,224,459
About
Blackwater Financial provides investment management and financial planning to individuals (including high-net-worth clients) and small businesses. The firm manages roughly $46.5 million across about 38 clients and offers both ongoing and project-based planning engagements in addition to discretionary portfolio management.
Investment programs emphasize asset allocation guided by Modern Portfolio Theory and a mix of passive and active strategies, with the adviser typically granted discretion to implement trades. The firm also deploys third-party model and advisory platforms—such as Betterment for Advisors and the Altruist Model Marketplace—and may recommend outside managers while allowing clients to impose reasonable investment restrictions.
Distinctive aspects include its small adviser team and recent registration in 2024, a fee-only model with no stated minimum account size, and the explicit use of digital model marketplaces alongside traditional custodians (Altruist, Betterment, and Schwab). The firm does not aggregate or block client trades, does not accept commissions, and its principal holds the CFP® credential.
Client services
Financial planning
Portfolio management
Selection of other advisers
Expertise
Business sale tax planning
Business ownership considerations
Retirement withdrawal strategies
Cash flow / budgeting
College savings (529s, UTMA, etc.)
Fee options
Project-Based Financial Planning fixed fees from $1,000 to $7,000
up to 2.00% annually, negotiable based on client complexity
Ongoing Financial Planning fees range from $400 to $1,250 per month
Minimum fee: Minimum engagement fee starts at $4,900 per household per year Fee-only: Financial planning fees: Ongoing Financial Planning $400 to $1,250 per month; Project-Based Financial Planning $1,000 to $7,000 fixed fee
Main office location
Blackwater Financial
Fairmont WV, United States
Number of offices
1
Most active in
Blackwater Financial has reported serving >5 clients in these states in the last 12 months.
California · Texas · West Virginia
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
LinkedIn
Facebook
X
Instagram
Website
304-314-4249
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