{ "crd_number": 174761, "slug": "bcs-private-wealth-management-rumson-nj-174761", "primary_business_name": "BCS PRIVATE WEALTH MANAGEMENT", "legal_name": "BERNARD CAROLI WEALTH MANAGEMENT INC.", "dbas": [ "ROYALSTON ADVISORS, LLC" ], "city": "Rumson", "state": "NJ", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2015-04-15", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-02-12", "carried_forward": false, "raum_total": 469674455.0, "raum_discretionary": 469674455.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 6, "advisory_employees": 4, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 13767230.0, "count": 2, "fewer_than_5": true }, "individuals": { "raum": 34566413.0, "count": 95 }, "high_net_worth_individuals": { "raum": 387902993.0, "count": 118 }, "pooled_investment_vehicles": { "raum": 17923016.0, "count": 2 }, "corporations_other_businesses": { "raum": 15514803.0, "count": 7 } }, "compensation_types": [ "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CO", "FL", "MD", "NH", "NJ", "NY", "TX" ], "websites": [ "https://bc-wm.com", "https://bcspwm.com", "https://linkedin.com/COMPANY/BCS-PRIVATE-WEALTH-MANAGEMENT" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174761", "city_as_filed": "RUMSON", "url": "https://advisorcensus.com/firm/bcs-private-wealth-management-rumson-nj-174761", "display_name": "BCS Private Wealth Management", "summary": "BCS Private Wealth Management is an SEC-registered investment advisory firm in Rumson, NJ, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 12, 2026.", "citation": "AdvisorCensus. BCS Private Wealth Management (CRD 174761): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is BCS Private Wealth Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), BCS Private Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges." }, { "q": "Where is BCS Private Wealth Management located?", "a": "BCS Private Wealth Management's principal office is in Rumson, NJ, according to its Form ADV." }, { "q": "Is BCS Private Wealth Management registered with the SEC or a state?", "a": "BCS Private Wealth Management is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174761." }, { "q": "How much does BCS Private Wealth Management manage?", "a": "BCS Private Wealth Management reports $469,674,455 in regulatory assets under management in its Form ADV filing dated February 12, 2026 (100% discretionary)." }, { "q": "How have BCS Private Wealth Management's assets and staff changed since 2021?", "a": "In the Form ADV data for BCS Private Wealth Management: Regulatory assets under management: $196,693,381 in the October 2021 data and $469,674,455 in the October 2026 data, up 139%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does BCS Private Wealth Management serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (118); individuals (other than high net worth individuals) (95); corporations or other businesses not listed above (7)." }, { "q": "Which custodians does BCS Private Wealth Management use?", "a": "BCS Private Wealth Management'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." }, { "q": "Does BCS Private Wealth Management report any disciplinary disclosures?", "a": "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/174761" }, { "q": "What changed in BCS Private Wealth Management's recent Form ADV filings?", "a": "In the March 2026 filing data: Regulatory assets under management went from $405,866,803 to $469,674,455 (+16%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 196693381.0, "total_employees": 5, "filing_date": "2021-09-03" }, { "period": "2022-10-01", "regulatory_assets_under_management": 280962949.0, "total_employees": 6, "filing_date": "2022-03-09" }, { "period": "2023-10-01", "regulatory_assets_under_management": 245777267.0, "total_employees": 6, "filing_date": "2023-07-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 339859135.0, "total_employees": 6, "filing_date": "2024-07-23" }, { "period": "2025-10-01", "regulatory_assets_under_management": 405866803.0, "total_employees": 6, "filing_date": "2025-03-19" }, { "period": "2026-10-01", "regulatory_assets_under_management": 469674455.0, "total_employees": 6, "filing_date": "2026-02-12" } ], "recent_changes": [ { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $405,866,803 to $469,674,455 (+16%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/bcs-private-wealth-management-rumson-nj-174761.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 95, "fewer_than_5": false, "raum": 34566413.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 118, "fewer_than_5": false, "raum": 387902993.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 17923016.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 2, "fewer_than_5": true, "raum": 13767230.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 7, "fewer_than_5": false, "raum": 15514803.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174761", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }