# BG Advisors

> BG Advisors is a state-registered investment advisory firm in Miami, FL, registered since 2017, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 18, 2026.

- CRD: 287825
- Filed as: BG ADVISORS
- Legal name: Ballestas Advisors, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: September 18, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/287825
- AdvisorCensus page: https://advisorcensus.com/firm/bg-advisors-miami-fl-287825

## Quick answers

**How is BG Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), BG Advisors reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is BG Advisors located?**
BG Advisors' principal office is in Miami, FL, according to its Form ADV.

**Is BG Advisors registered with the SEC or a state?**
BG Advisors is a state-registered investment advisory firm, registered since 2017. Status as filed: APPROVED. CRD 287825.

**How much does BG Advisors manage?**
BG Advisors reports $40,369,939 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (100% discretionary).

**What types of clients does BG Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (6); corporations or other businesses not listed above (2); individuals (other than high net worth individuals) (1).

**Does BG Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/287825

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $40,369,939
- Discretionary: $40,369,939
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1 | $86,655 |
| High net worth individuals | 6 | $39,986,244 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 2 | $297,040 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2017 (9 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BG Advisors (CRD 287825): Form ADV filing data as of October 2026.