Blue Ocean Capital (legally CPA Asset Management Group) was founded in 1997 by Mark Elhilow and Greg Smith; Elhilow is the principal owner. Portfolios can hold stocks, bonds, mutual funds, ETFs, outside managers, hedge funds and private placements. The firm also offers family office services and tax preparation and accounting, which can be engaged separately. Fees are billed quarterly in arrears.
Overview
- Headquarters
- West Palm Beach, FL
- Total Firm Assets
- $619 million
- Average High-Net-Worth Client Portfolio Size
- $6.3 million
- Stated Minimum Account Size
- $1,000,000
Recent Rankings
Fee Disclosure
Source: ADV PART 2A (2026-02-17) · View brochure text
| Min | Max | Disclosed Annual Rate |
|---|---|---|
| $0 | $1,500,000 | 1.00% |
| $1,500,001 | $5,000,000 | 0.70% |
| $5,000,001 | $10,000,000 | 0.50% |
| $10,000,001 | and above | 0.30% |
Estimated Annual Advisory Fees
| Portfolio Value | Estimated Annual Fee | Effective Fee Rate |
|---|---|---|
| $1 million | $10,000 | 1.00% |
| $5 million | $39,500 | 0.79% |
| $10 million | $64,500 | 0.64% |
| $50 million | $184,500 | 0.37% |
| $100 million | $334,500 | 0.33% |
Actual fees may vary; other investment costs may apply.
Compare fees: lowest-fee advisors in Florida for $2M portfolios · $10M portfolios
Clients
- High-Net-Worth Share of Firm Assets
- 85.05%
- Number of High-Net-Worth Clients
- 84
- Total Client Accounts
- 491
- Discretionary Accounts
- 491
Services Offered
Services: Financial Planning, Portfolio Management for Individuals, Investment Advisor Selection
Regulatory Filings
- SEC CRD Number
- 107833
- ADV PART 2A (2026-02-17) (fee schedule source) · View brochure text
View firm on SEC ↗ · Current Form ADV (PDF) ↗