Private fund adviser · LOS Angeles, CA
Wave Digital Assets LLC
SEC-registered investment adviser · CRD 305726 · SEC 801-121282
At a glance
Wave Digital Assets LLC is an SEC-registered investment adviser based in LOS Angeles, California, with $92 million in regulatory assets under management as of its Form ADV filed August 21, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 2 individual clients. By Form ADV it is a private fund adviser, ranked 4,500th of 4,686 private fund advisers and 15,521st of 17,210 SEC-registered advisers by assets.
Main office 213-533-9899wavegp.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $92M
- Rank among private fund advisers
- #4,500 of 4,686
- Rank among all SEC RIAs
- #15,521 of 17,210
- Rank in California
- #1,741 of 1,873
- Individual clients
- 2
- High-net-worth clients
- 2
- Accounts
- 22
- Discretionary
- 100% of AUM
- Employees
- 33
- Advisory staff
- 20
- Offices
- 1
Owners and executives on its Form ADV
- Jennifer W. AndersonChief Operating Officer & Chief Compliance Officer
- David A. SiemerChief Executive Officer, Co-Founder, Board Member
- Benjamin TsaiPresident and Board Member
Custody and brokerage
5 custodians
- Coinbase$21M80%
- Balance Custody$3M11%
- Bitgo$1M5%
- Copper Custody$1M3%
- Aplo SAS$0M<1%
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 18 | $65M | 70% |
| Corporations or other businesses | 1 | $19M | 21% |
| High-net-worth individuals | 2 | $8M | 9% |
| Charitable organizations | 1 | $0M | <1% |
Private funds
Wave Digital Assets LLC reports 8 private funds with $64M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Wave Digital Assets LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗wavegp.com ↗
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The full record on Wave Digital Assets LLC
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, 4 years of filings
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- Growth over one, three and five years
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- Rank against 912 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Wave Digital Assets LLC manage?
Wave Digital Assets LLC reports $92 million in regulatory assets under management across 22 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 21, 2026.
What kind of firm is Wave Digital Assets LLC?
Wave Digital Assets LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Wave Digital Assets LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($65 million, 18 clients); corporations or other businesses ($19 million, 1 clients); high-net-worth individuals ($8 million, 2 clients).
Does Wave Digital Assets LLC manage private funds?
Yes. It reports 8 private funds with $64 million in gross assets, including private equity funds, other private funds.
Does Wave Digital Assets LLC have any disciplinary history?
Wave Digital Assets LLC 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 Wave Digital Assets LLC’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 (2026-08-21), 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 →