{
  "crd_number": 164944,
  "slug": "bimini-advisors-llc-vero-beach-fl-164944",
  "primary_business_name": "BIMINI ADVISORS, LLC",
  "legal_name": "BIMINI ADVISORS, LLC",
  "dbas": [],
  "city": "Vero Beach",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "42680",
  "metro": {
    "cbsa_code": "42680",
    "common_name": "Sebastian",
    "msa_name": "Sebastian-Vero Beach-West Vero Corridor, FL",
    "path": "/advisors/fl/sebastian"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-07-25",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-04-24",
  "carried_forward": false,
  "raum_total": 11675993000.0,
  "raum_discretionary": 11675993000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 10,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 11675993000.0,
      "count": 1
    }
  },
  "compensation_types": [
    "other"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164944",
  "city_as_filed": "VERO BEACH",
  "url": "https://advisorcensus.com/firm/bimini-advisors-llc-vero-beach-fl-164944",
  "display_name": "Bimini Advisors, LLC",
  "summary": "Bimini Advisors, LLC is an SEC-registered investment advisory firm in Vero Beach, FL, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 24, 2026.",
  "citation": "AdvisorCensus. Bimini Advisors, LLC (CRD 164944): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Bimini Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bimini Advisors, LLC reports these compensation arrangements: other."
    },
    {
      "q": "How much does Bimini Advisors, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated April 24, 2026 states: Up to $250,000,000: 1.5% a year; $250,000,000 to $500,000,000: 1.25% a year; Above $500,000,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Bimini Advisors, LLC located?",
      "a": "Bimini Advisors, LLC's principal office is in Vero Beach, FL, according to its Form ADV."
    },
    {
      "q": "Is Bimini Advisors, LLC registered with the SEC or a state?",
      "a": "Bimini Advisors, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164944."
    },
    {
      "q": "How much does Bimini Advisors, LLC manage?",
      "a": "Bimini Advisors, LLC reports $11,675,993,000 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Bimini Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bimini Advisors, LLC: Regulatory assets under management: $4,058,051,000 in the October 2021 data and $11,675,993,000 in the October 2026 data, up 188%. Total employees: 7 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bimini Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Does Bimini Advisors, LLC 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/164944"
    },
    {
      "q": "What changed in Bimini Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $5,721,627,000 to $11,675,993,000 (+104%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4058051000.0,
      "total_employees": 7,
      "filing_date": "2021-03-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7068677000.0,
      "total_employees": 8,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3865736000.0,
      "total_employees": 8,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4243121000.0,
      "total_employees": 9,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 5721627000.0,
      "total_employees": 10,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 11675993000.0,
      "total_employees": 10,
      "filing_date": "2026-04-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $5,721,627,000 to $11,675,993,000 (+104%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 24, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $250,000,000",
        "rate": "1.5%"
      },
      {
        "band": "$250,000,000 to $500,000,000",
        "rate": "1.25%"
      },
      {
        "band": "Above $500,000,000",
        "rate": "1%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $250,000,000: 1.5% a year",
          "$250,000,000 to $500,000,000: 1.25% a year",
          "Above $500,000,000: 1% a year"
        ],
        "quotes": [
          "Our fee for services is based on a percentage of the stockholder's equity of OIC, adjusted to exclude the effect of any unrealized gains or losses included in retained earnings or other comprehensive income (each computed in accordance with generally accepted accounting principles) in accordance with the following schedule:",
          "Amount of Stockholder's Equity      Annual Fee %\nUp to $250 million                                    1.50%\n$250 million - $500 million                       1.25%\nOver $500 million                                     1.00%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 250000000.0,
          "rate_pct": 1.5
        },
        {
          "min": 250000000.0,
          "max": 500000000.0,
          "rate_pct": 1.25
        },
        {
          "min": 500000000.0,
          "max": null,
          "rate_pct": 1.0
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our fee for services is based on a percentage of the stockholder's equity of OIC, adjusted to exclude the effect of any unrealized gains or losses included in retained earnings or other comprehensive income (each computed in accordance with generally accepted accounting principles) in accordance with the following schedule:",
      "Amount of Stockholder's Equity      Annual Fee %\nUp to $250 million                                    1.50%\n$250 million - $500 million                       1.25%\nOver $500 million                                     1.00%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/bimini-advisors-llc-vero-beach-fl-164944.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 11675993000.0
    }
  ],
  "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/164944",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}