{
  "crd_number": 288133,
  "slug": "bpbi-llc-new-york-ny-288133",
  "primary_business_name": "BPBI LLC",
  "legal_name": "BPBI LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "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": "2017-03-15",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-06",
  "carried_forward": false,
  "raum_total": 51002893.0,
  "raum_discretionary": 11956243.0,
  "raum_non_discretionary": 39046650.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 6533633.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 44469260.0,
      "count": 8
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY",
    "TX"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288133",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/bpbi-llc-new-york-ny-288133",
  "display_name": "Bpbi LLC",
  "summary": "Bpbi LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 6, 2026.",
  "citation": "AdvisorCensus. Bpbi LLC (CRD 288133): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Bpbi LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bpbi LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Bpbi LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 3, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Bpbi LLC located?",
      "a": "Bpbi LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Bpbi LLC registered with the SEC or a state?",
      "a": "Bpbi LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288133."
    },
    {
      "q": "How much does Bpbi LLC manage?",
      "a": "Bpbi LLC reports $51,002,893 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (23% discretionary)."
    },
    {
      "q": "How have Bpbi LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bpbi LLC: Regulatory assets under management: $60,109,030 in the October 2021 data and $51,002,893 in the October 2026 data, down 15%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bpbi LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (8)."
    },
    {
      "q": "Which custodians does Bpbi LLC use?",
      "a": "Bpbi LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Inbursa and UBS Financial Securities Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Bpbi 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/288133"
    },
    {
      "q": "Does Bpbi LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 3, 2026 says: \"BPBI does not impose minimum account size requirements for opening and maintaining accounts or otherwise engaging with us, although our services are geared towards high-net-worth international investors.\""
    },
    {
      "q": "What changed in Bpbi LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $60,972,427 to $51,002,893 (-16%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 60109030.0,
      "total_employees": 2,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 63224177.0,
      "total_employees": 2,
      "filing_date": "2022-02-15"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 52292026.0,
      "total_employees": 2,
      "filing_date": "2023-05-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 57781291.0,
      "total_employees": 2,
      "filing_date": "2024-04-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 60972427.0,
      "total_employees": 2,
      "filing_date": "2025-02-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 51002893.0,
      "total_employees": 2,
      "filing_date": "2026-03-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $60,972,427 to $51,002,893 (-16%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.5% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The maximum annual fee charged for this service by BPBI or any Independent Managers is negotiated based on the size of the portfolio and will not exceed 1.50%."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "BPBI does not impose minimum account size requirements for opening and maintaining accounts or otherwise engaging with us, although our services are geared towards high-net-worth international investors."
        ]
      }
    ],
    "quotes": [
      "The maximum annual fee charged for this service by BPBI or any Independent Managers is negotiated based on the size of the portfolio and will not exceed 1.50%.",
      "BPBI does not impose minimum account size requirements for opening and maintaining accounts or otherwise engaging with us, although our services are geared towards high-net-worth international investors."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Inbursa",
      "name_as_filed": "INBURSA",
      "affiliated": false
    },
    {
      "name": "UBS Financial Securities Inc.",
      "name_as_filed": "UBS FINANCIAL SECURITIES 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/bpbi-llc-new-york-ny-288133.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 8,
      "fewer_than_5": false,
      "raum": 44469260.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 6533633.0
    }
  ],
  "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/288133",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}