# Bias Investors

> Bias Investors is an SEC-registered investment advisory firm in Hamilton, Bermuda, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 29, 2025.

- CRD: 120715
- Filed as: BIAS INVESTORS
- Legal name: Bermuda Investment Advisory Services Limited
- Also doing business as: BIAS INVESTORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hamilton, Bermuda
- Filing period: October 2026
- Form ADV filing dated: September 29, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120715
- AdvisorCensus page: https://advisorcensus.com/firm/bias-investors-hamilton-120715

## Quick answers

**How is Bias Investors compensated?**
On its Form ADV (Item 5.E, October 2026), Bias Investors 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 Bias Investors located?**
Bias Investors' principal office is in Hamilton, Bermuda, according to its Form ADV.

**Is Bias Investors registered with the SEC or a state?**
Bias Investors is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120715.

**How much does Bias Investors manage?**
Bias Investors reports $257,421,009 in regulatory assets under management in its Form ADV filing dated September 29, 2025 (59% discretionary).

**How have Bias Investors' assets and staff changed since 2021?**
In the Form ADV data for Bias Investors: Regulatory assets under management: $263,753,337 in the October 2021 data and $257,421,009 in the October 2026 data, down 2%. Total employees: 9 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bias Investors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (137); high net worth individuals (56); charitable organizations (4).

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

**Does Bias Investors 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/120715

**What changed in Bias Investors' recent Form ADV filings?**
In the December 2025 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $223,744,269 to $257,421,009 (+15%).

## From the Form ADV filing

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

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

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: $257,421,009
- Discretionary: $151,686,828
- Non-discretionary: $105,734,181

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 137 | $39,581,168 |
| High net worth individuals | 56 | $151,686,828 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $43,667,370 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $19,794,318 |
| Charitable organizations | 4 | $2,691,325 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2002 (24 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- biasinvestors.com
- biasinvestors.com/BIAS-GLOBAL-PORTFOLIOS
- Facebook @BIASInvestors
- Instagram @biasinvestors
- LinkedIn @bermuda-investment-advisory-services-ltd.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $263,753,337 | 9 | September 29, 2021 |
| October 2022 | $215,391,063 | 9 | September 29, 2022 |
| October 2023 | $219,262,816 | 9 | September 29, 2023 |
| October 2024 | $223,744,269 | 9 | September 17, 2024 |
| October 2025 | $223,744,269 | 9 | September 17, 2024 |
| October 2026 | $257,421,009 | 6 | September 29, 2025 |

Regulatory assets under management: $263,753,337 in the October 2021 data and $257,421,009 in the October 2026 data, down 2%.
Total employees: 9 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $223,744,269 to $257,421,009 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bias Investors (CRD 120715): Form ADV filing data as of October 2026.