Asset manager · St Paul, MN
Clearwater Management Co., Inc.
SEC-registered investment adviser · CRD 105307 · SEC 801-29336
At a glance
Clearwater Management Co., Inc. is an SEC-registered investment adviser based in St Paul, Minnesota, with $4.7 billion in regulatory assets under management as of its Form ADV filed March 17, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 712th of 3,218 asset managers and 2,198th of 17,210 SEC-registered advisers by assets.
Main office 651-228-0935As filed on Form ADV
- Regulatory AUM
- $4.7B
- Rank among asset managers
- #712 of 3,218
- Rank among all SEC RIAs
- #2,198 of 17,210
- Rank in Minnesota
- #34 of 276
- Clients
- 13
- Accounts
- 13
- Discretionary
- 100% of AUM
- Employees
- 1
- Advisory staff
- 1
- Offices
- 2
Owners and executives on its Form ADV
- Elizabeth D. HlavkaDirector
- Samuel B. CarrDirector
- Catherine L. WeyerhaeuserDirector
- Frank W. PiaseckiDirector
- Courtland B. CunninghamDirector, Vice President and Secretary
- Vivian W. DayDirector
- William L. DriscollChairman, President, Treasurer and Director
- Richard W MiddletonDirector
- Jason K. MitchellChief Compliance Officer
- Melissa M. DavisDirector, Non-Voting
- Daniel L. TitcombDirector
- Gregory M. LimDirector
Custody and brokerage
Custodian
Clearwater Management Co., Inc.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 4 | $3.9B | 83% |
| Pooled investment vehicles | 9 | $781M | 17% |
Private funds
Clearwater Management Co., Inc. reports 8 private funds with $781M in gross assets: hedge funds, private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Clearwater Management Co., Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Other
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Clearwater Management Co., Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
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- Rank against 711 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 12 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Clearwater Management Co., Inc. manage?
Clearwater Management Co., Inc. reports $4.7 billion in regulatory assets under management across 13 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 17, 2026.
What kind of firm is Clearwater Management Co., Inc.?
Clearwater Management Co., Inc. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Clearwater Management Co., Inc.’s clients?
By assets, its largest client types are investment companies ($3.9 billion, 4 clients); pooled investment vehicles ($781 million, 9 clients).
Does Clearwater Management Co., Inc. manage private funds?
Yes. It reports 8 private funds with $781 million in gross assets, including hedge funds, private equity funds.
Does Clearwater Management Co., Inc. have any disciplinary history?
Clearwater Management Co., Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Clearwater Management Co., 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 (2026-03-17), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →