Blue Ocean Wealth Management, LLC

Blue Ocean Wealth Management serves individual and high-net-worth clients and offers ongoing portfolio management, financial planning, pension consulting, and subscription-style services. The firm operates a sponsored wrap-fee program and provides portfolio management for client accounts, consistent with common AUM-based advisory arrangements disclosed in the brochure.

The brochure describes a process that begins with an investment policy statement tailored to each client and uses a range of analytical methods (charting, fundamental, technical, quantitative, and modern portfolio theory) to construct and monitor portfolios. It also discloses use of a broader set of strategies — including long- and short-term trading, margin, short sales, and options trading (covered, uncovered, and spreading strategies) — and reports that much of its reported assets are managed on a non-discretionary basis.

Noteworthy features relative to peers include acting as a wrap-fee program sponsor while also reporting primarily non-discretionary assets, an uncommon combination for independent advisors, and explicit disclosure of pension consulting services and educational seminars/workshops. The brochure also discloses an affiliation with insurance activities (a principal is a licensed insurance agent who offers commissionable insurance products), which can create additional conflicts of interest the firm addresses in its disclosures.