Wealth manager, independent · New York, NY
Bridgewater Advisors Inc.
SEC-registered investment adviser · CRD 109826 · SEC 801-48380
At a glance
Bridgewater Advisors Inc. is an SEC-registered investment adviser based in New York, New York, with $2.6B in regulatory assets under management as of its Form ADV filed March 12, 2026. It reports 589 individual clients, 366 of them high-net-worth, holding an average of about $4.2 million each, and 24 employees. That ranks it 437th among the nation’s 5,657 independent wealth management RIAs and 34th of 408 in New York. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 212-221-5300bridgewateradv.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.6B
- Rank among independent wealth managers
- #437 of 5,657
- Rank among all SEC RIAs
- #3,117 of 17,210
- Rank in New York
- #34 of 408
- Individual clients
- 589
- High-net-worth clients
- 366
- Accounts
- 3,075
- Discretionary
- 100% of AUM
- Employees
- 24
- Advisory staff
- 17
- Offices
- 1
Owners and executives on its Form ADV
- Leo V. MarzenManaging Partner
- Thomas F. SmythChief Compliance Officer/partner
- Josefine T. CaysPartner
- Barbara J. LeclercChief Investment Officer
- Ann M. ThibodeauPartner
- Gabe D. BryanPartner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Bridgewater Advisors Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 366 | $2.4B | 93% |
| Individuals | 223 | $107M | 4% |
| Corporations or other businesses | 5 | $37M | 1% |
| Other | 5 | $24M | <1% |
| Charitable organizations | 6 | $13M | <1% |
| Investment companies | 1 | $4M | <1% |
Disciplinary disclosures
Bridgewater Advisors Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗bridgewateradv.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Strategic Financial ServicesUtica | $2.8B | 1,216 |
| Rock Harbor Partners LLCLarchmont | $2.7B | 62 |
| The Portfolio Strategy Group, LLCWhite Plains | $2.6B | 405 |
| LVW Advisors, LLCPittsford | $2.5B | 493 |
| Shufro, Rose & Co., LLCNew York | $2.5B | 1,207 |
| Howe and Rusling, Inc.Rochester | $2.4B | 1,351 |
Background
Questions
How much does Bridgewater Advisors Inc. manage?
Bridgewater Advisors Inc. reports $2.6B in regulatory assets under management across 3,075 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 12, 2026.
How many clients does Bridgewater Advisors Inc. have?
It reports 589 individual clients: 366 high-net-worth individuals and 223 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Bridgewater Advisors Inc. headquartered?
Its main office is in New York, New York. It reports 1 office in total and 24 employees, 17 of whom perform investment advisory functions.
How does Bridgewater Advisors Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Bridgewater Advisors Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed March 12, 2026, it reports these amounts held: Charles Schwab ($2.1B); Fidelity ($286M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Bridgewater Advisors Inc. a hybrid RIA with a broker-dealer?
Bridgewater Advisors Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Bridgewater Advisors Inc. a fiduciary?
As an SEC-registered investment adviser, Bridgewater Advisors Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Bridgewater Advisors Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-12), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →