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Third Wave Capital LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$914,726
Clients
18
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
18
LowAverage account size
$50,818
About
Third Wave provides discretionary portfolio management and ongoing investment advice to individuals, high‑net‑worth clients, corporations or business entities, and other qualified clients. The firm documents each client’s objectives and risk tolerance in an Investment Policy Statement and states its fiduciary responsibilities when advising retirement accounts.
The firm uses a mix of charting, fundamental, quantitative and technical analysis and employs a broad set of strategies, including long‑ and short‑term trading, options, margin and short sales. Portfolios may include equities, fixed income, ETFs (including precious‑metals exposures), commodities and non‑U.S. securities, with trading generally executed under discretionary authority and periodic client reporting.
Notably, Third Wave accepts performance‑based fee arrangements for qualified clients and discloses high‑water‑mark treatment and internal controls intended to address conflicts from side‑by‑side management. The brochure also highlights services for corporate/business clients and discusses risks of investing in foreign securities, indicating a willingness to manage institutional mandates and cross‑border exposures that is less common among peers of its type.
Client services
Portfolio management
Expertise
Options & derivatives strategies
Active portfolio management
Fee options
$0 - $20,000: 2.00% $20,001 - $100,000: 1.50% $100,001 - $250,000: 1.25% $250,001+: 1.00%
15.00% performance fee on capital appreciation for qualified clients, along with an annual management fee of 1.25% (or 1.50% as stated in Item 5). Performance fees are based on capital gains with a high water mark.
Main office location
Third Wave Capital LLC
Austin TX, United States
Number of offices
1
Most active in
Third Wave Capital LLC has reported serving >5 clients in these states in the last 12 months.
Texas
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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