# Bcas

> Bcas is an SEC-registered investment advisory firm in Bedford, NH, registered since 1985, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 21, 2026.

- CRD: 105666
- Filed as: BCAS
- Legal name: Baldwin & Clarke Advisory Services LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bedford, NH
- Filing period: October 2026
- Form ADV filing dated: July 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105666
- AdvisorCensus page: https://advisorcensus.com/firm/bcas-bedford-nh-105666

## Quick answers

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

**How much does Bcas charge?**
Its Form ADV Part 2A brochure dated July 21, 2026 states: Hourly rate: $100 to $300 an hour (planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Bcas located?**
Bcas' principal office is in Bedford, NH, according to its Form ADV.

**Is Bcas registered with the SEC or a state?**
Bcas is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 105666.

**How much does Bcas manage?**
Bcas reports $465,731,924 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (47% discretionary).

**How have Bcas' assets and staff changed since 2021?**
In the Form ADV data for Bcas: Regulatory assets under management: $313,056,036 in the October 2021 data and $465,731,924 in the October 2026 data, up 49%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bcas serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (143); high net worth individuals (126); pension and profit sharing plans (but not the plan participants or government pension plans) (20).

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

**Does Bcas report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105666

**What changed in Bcas' recent Form ADV filings?**
In the August 2026 filing data: Employees performing advisory functions went from 5 to 4.

## 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 July 21, 2026)

- Hourly rate: $100 to $300 an hour (planning services)

> Some planning services are provided on an hourly basis. Hourly billing rates vary from $100 to $300.

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.
- Reliance Trust Company

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: $465,731,924
- Discretionary: $216,607,404
- Non-discretionary: $249,124,520

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 143 | $46,172,065 |
| High net worth individuals | 126 | $249,358,716 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $135,155,218 |
| Charitable organizations | 3 | $32,861,713 |
| Corporations or other businesses not listed above | 2 | $2,184,212 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1985 (40 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, ME, NH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- baldwinclarke.com
- LinkedIn @BALDWINCLARKE
- X @baldwinclarkenh

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $313,056,036 | 8 | March 9, 2021 |
| October 2022 | $340,651,495 | 8 | September 15, 2022 |
| October 2023 | $318,966,578 | 9 | April 11, 2023 |
| October 2024 | $346,387,223 | 9 | June 18, 2024 |
| October 2025 | $388,068,315 | 9 | March 24, 2025 |
| October 2026 | $465,731,924 | 7 | July 21, 2026 |

Regulatory assets under management: $313,056,036 in the October 2021 data and $465,731,924 in the October 2026 data, up 49%.
Total employees: 8 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Employees performing advisory functions went from 5 to 4.

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $388,068,315 to $465,731,924 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bcas (CRD 105666): Form ADV filing data as of October 2026.