# Balefire, LLC

> Balefire, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 168733
- Filed as: BALEFIRE, LLC
- Also doing business as: BALEFIRE, FUSE PARTNERS, FUSE PARTNERS GROUP LLC, NAVITAS WEALTH ADVISORS, VISIONPOINT, VISIONPOINT ADVISORY GROUP, VPAG LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168733
- AdvisorCensus page: https://advisorcensus.com/firm/balefire-llc-dallas-tx-168733

## Quick answers

**How is Balefire, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Balefire, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Balefire, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Hourly rate: $250 an hour (Financial Planning Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Balefire, LLC located?**
Balefire, LLC's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Balefire, LLC registered with the SEC or a state?**
Balefire, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 168733.

**How much does Balefire, LLC manage?**
Balefire, LLC reports $1,988,796,480 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Balefire, LLC's assets and staff changed since 2021?**
In the Form ADV data for Balefire, LLC: Regulatory assets under management: $1,991,912,158 in the October 2021 data and $1,988,796,480 in the October 2026 data, unchanged. Total employees: 44 in October 2021 and 38 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Balefire, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,522); high net worth individuals (235); pension and profit sharing plans (but not the plan participants or government pension plans) (94).

**Which custodians does Balefire, LLC use?**
Balefire, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Balefire, LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168733

**Does Balefire, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Balefire does not impose a minimum account or relationship size. Certain Sub-Advisors or investment models may have a minimum asset requirement, and thus may not be available for smaller accounts."

**What changed in Balefire, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 36 to 38. Regulatory assets under management went from $1,236,940,085 to $1,988,796,480 (+61%). No longer lists an office in Raleigh, NC. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> Balefire does not impose a minimum account or relationship size. Certain Sub-Advisors or investment models may have a minimum asset requirement, and thus may not be available for smaller accounts.

- Hourly rate: $250 an hour (Financial Planning Services)

> For instance, a client may have contracted for 4 hours worth of services at a rate of $250/hour and paid the entire fee in advance.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,988,796,480
- Discretionary: $1,988,796,480
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,522 | $363,690,827 |
| High net worth individuals | 235 | $686,163,965 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 94 | $873,469,904 |
| Charitable organizations | Fewer than 5 | $449,348 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $1,339,345 |
| Insurance companies | Fewer than 5 | $4,654,211 |
| Corporations or other businesses not listed above | 13 | $59,028,880 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2014 (12 years)
- Employees: 38 total, 38 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, FL, GA, IA, IL, KS, MN, MS, MT, NC, ND, SD, TN, TX, WA, WI
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168733

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Alpharetta, GA
- Bettendorf, IA
- Centennial, CO
- Phoenix, AZ
- Ridgeland, MS
- Sioux Falls, SD
- St Louis Park, MN
- Watertown, SD

### Websites listed on Form ADV (Item 1.I)
- balefirewealth.com
- LinkedIn @balefire-wealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,991,912,158 | 44 | August 26, 2021 |
| October 2022 | $681,605,877 | 34 | August 23, 2022 |
| October 2023 | $663,766,900 | 34 | September 21, 2023 |
| October 2024 | $903,235,112 | 36 | March 26, 2024 |
| October 2025 | $1,236,940,085 | 36 | April 1, 2025 |
| October 2026 | $1,988,796,480 | 38 | March 31, 2026 |

Regulatory assets under management: $1,991,912,158 in the October 2021 data and $1,988,796,480 in the October 2026 data, unchanged.
Total employees: 44 in October 2021 and 38 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 36 to 38.
- Regulatory assets under management went from $1,236,940,085 to $1,988,796,480 (+61%).
- No longer lists an office in Raleigh, NC.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in LA, MI, MO, NE, OH, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Balefire, LLC (CRD 168733): Form ADV filing data as of October 2026.