# Bpbi LLC

> 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.

- CRD: 288133
- Filed as: BPBI LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288133
- AdvisorCensus page: https://advisorcensus.com/firm/bpbi-llc-new-york-ny-288133

## Quick answers

**How is Bpbi LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bpbi LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Bpbi LLC charge?**
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.

**Where is Bpbi LLC located?**
Bpbi LLC's principal office is in New York, NY, according to its Form ADV.

**Is Bpbi LLC registered with the SEC or a state?**
Bpbi LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288133.

**How much does Bpbi LLC manage?**
Bpbi LLC reports $51,002,893 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (23% discretionary).

**How have Bpbi LLC's assets and staff changed since 2021?**
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.

**What types of clients does Bpbi LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (8).

**Which custodians does Bpbi LLC use?**
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.

**Does Bpbi LLC 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/288133

**Does Bpbi LLC state an account minimum?**
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."

**What changed in Bpbi LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $60,972,427 to $51,002,893 (-16%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> 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%.

- Account minimum: None

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Inbursa
- UBS Financial Securities Inc.

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: $51,002,893
- Discretionary: $11,956,243
- Non-discretionary: $39,046,650

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 8 | $44,469,260 |
| Insurance companies | Fewer than 5 | $6,533,633 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $60,109,030 | 2 | March 31, 2021 |
| October 2022 | $63,224,177 | 2 | February 15, 2022 |
| October 2023 | $52,292,026 | 2 | May 11, 2023 |
| October 2024 | $57,781,291 | 2 | April 5, 2024 |
| October 2025 | $60,972,427 | 2 | February 21, 2025 |
| October 2026 | $51,002,893 | 2 | March 6, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $60,972,427 to $51,002,893 (-16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bpbi LLC (CRD 288133): Form ADV filing data as of October 2026.