← Tributary

CALMWATER CAPITAL

EL SEGUNDO, CA · CRD 282617 · IAPD ↗ · calmwatercapital.com · 310-806-9770

$792.5MRegulatory AUM
7Advisory reps
8Employees
0Clients
n/aPlanning clients
5Private funds
2States
0Disclosures
fundSegment
ApprovedSEC status

Filing changes

33
April 2026 — CALMWATER CAPITAL reported RAUM down 34% ($1.21B -> $792.5M).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
38
April 2026 — CALMWATER CAPITAL shrank from 11 to 7 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.