NBW Capital LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$0
Clients
0
Advisors
1
of 3 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
252
Very HighAverage account size
—
About
NBW Capital historically provided discretionary asset management to a range of clients, including individuals, families, trusts, estates and institutional entities such as corporations, ERISA plans and not‑for‑profit organizations. Following its acquisition by Waverly Advisors on March 28, 2025, the firm reports it no longer has clients or assets under management and is not offering services to new or existing clients.
The firm historically managed client accounts on a discretionary basis and selected broker‑dealers with an eye toward best execution, using block trading and aggregation where appropriate. NBW Capital maintained operational controls such as a Code of Ethics, personal trading approval procedures and routine trade verification and reporting practices.
What distinguishes NBW Capital from many peers is its unusually broad historical client mix: Form ADV describes service to other investment advisers, insurance companies, state and municipal governments, charitable organizations, pension/profit‑sharing plans, corporate clients and both non‑high‑net‑worth and high‑net‑worth individuals. The firm was 100% employee‑owned with a small professional team, and its recent acquisition and cessation of advisory services are material developments for prospective stakeholders.
Client services
Portfolio management
Main office location
NBW Capital LLC
211 Congress Street, Suite 901
Boston MA 02110, United States
Number of offices
1
Most active in
NBW Capital LLC has reported serving >5 clients in these states in the last 12 months.
California · Colorado · Florida · Illinois · Louisiana · Maine · Massachusetts · Montana · Nevada · New Hampshire · New York · Texas · Washington
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:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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