Aqua Advisors LLC (Key Biscayne)

Aqua Advisors LLC is an adviser based in Key Biscayne. It manages $62.31 million of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Florida.

Aqua Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aqua Advisors: assets under management

The assets under management (AUM) of Aqua Advisors LLC is $62.31 million. The firm's AUM has grown by 3% since the beginning of its operation, and $62.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $36.64 million in discretionary accounts and $25.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.71 million.

Aqua Advisors has custody of $60.4 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 32% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aqua Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Aqua Advisors LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jose Varela	Member	1 Sep 2016	50% - 75%	4163995
Milagros Varela	Cco	1 Sep 2016	50% - 75%	6708707

Based in Key Biscayne

The principal office where Aqua Advisors LLC performs its advisory services is located at 155 Ocean Lane Dr., Key Biscayne, FL 33149, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305 877-7593. The normal business hours are 9 am to 5 pm on Monday - Friday.