{
  "crd_number": 149775,
  "slug": "bison-investment-advisors-llc-the-woodlands-tx-149775",
  "primary_business_name": "BISON INVESTMENT ADVISORS, LLC",
  "legal_name": "BISON INVESTMENT ADVISORS, LLC",
  "dbas": [],
  "city": "The Woodlands",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-07-28",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-03-04",
  "carried_forward": false,
  "raum_total": 157535698.0,
  "raum_discretionary": 157535698.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 66979671.0,
      "count": 99
    },
    "high_net_worth_individuals": {
      "raum": 78412484.0,
      "count": 59
    },
    "pooled_investment_vehicles": {
      "raum": 7803044.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 4340499.0,
      "count": 6
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "LA",
    "TX"
  ],
  "websites": [
    "https://bisoninvestmentadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149775",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "THE WOODLANDS",
  "url": "https://advisorcensus.com/firm/bison-investment-advisors-llc-the-woodlands-tx-149775",
  "display_name": "Bison Investment Advisors, LLC",
  "summary": "Bison Investment Advisors, LLC is an SEC-registered investment advisory firm in The Woodlands, TX, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 4, 2026.",
  "citation": "AdvisorCensus. Bison Investment Advisors, LLC (CRD 149775): 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",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Bison Investment Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bison Investment Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Bison Investment Advisors, LLC located?",
      "a": "Bison Investment Advisors, LLC's principal office is in The Woodlands, TX, according to its Form ADV."
    },
    {
      "q": "Is Bison Investment Advisors, LLC registered with the SEC or a state?",
      "a": "Bison Investment Advisors, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 149775."
    },
    {
      "q": "How much does Bison Investment Advisors, LLC manage?",
      "a": "Bison Investment Advisors, LLC reports $157,535,698 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have Bison Investment Advisors, LLC's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Bison Investment Advisors, LLC: Regulatory assets under management: $140,113,679 in the October 2025 data and $157,535,698 in the October 2026 data, up 12%. Total employees: 4 in October 2025 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bison Investment Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (99); high net worth individuals (59); corporations or other businesses not listed above (6)."
    },
    {
      "q": "Which custodians does Bison Investment Advisors, LLC use?",
      "a": "Bison Investment Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Banque Pictet & CIE SA, Charles Schwab & Co., Inc., Inspira Financial Trust, Keystone National Group and Megatal Capital Investments as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Bison Investment Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/149775"
    },
    {
      "q": "What changed in Bison Investment Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $140,113,679 to $157,535,698 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 140113679.0,
      "total_employees": 4,
      "filing_date": "2025-07-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 157535698.0,
      "total_employees": 4,
      "filing_date": "2026-03-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $140,113,679 to $157,535,698 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Banque Pictet & CIE SA",
      "name_as_filed": "BANQUE PICTET & CIE SA",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Inspira Financial Trust",
      "name_as_filed": "INSPIRA FINANCIAL TRUST",
      "affiliated": false
    },
    {
      "name": "Keystone National Group",
      "name_as_filed": "KEYSTONE NATIONAL GROUP",
      "affiliated": false
    },
    {
      "name": "Megatal Capital Investments",
      "name_as_filed": "MEGATAL CAPITAL INVESTMENTS",
      "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/bison-investment-advisors-llc-the-woodlands-tx-149775.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 99,
      "fewer_than_5": false,
      "raum": 66979671.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 59,
      "fewer_than_5": false,
      "raum": 78412484.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 7803044.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 6,
      "fewer_than_5": false,
      "raum": 4340499.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "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/149775",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}