AdvisorCensus / Financial advisors / Ohio / Youngstown / BPS Wealth Advisors, Inc.
BPS Wealth Advisors, Inc. is an SEC-registered investment advisory firm in Canfield, OH, registered since 1991, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 13, 2026.
Quick answers
From the filingHow is BPS Wealth Advisors, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), BPS Wealth Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management.
Where is BPS Wealth Advisors, Inc. located?
BPS Wealth Advisors, Inc.'s principal office is in Canfield, OH, according to its Form ADV.
Is BPS Wealth Advisors, Inc. registered with the SEC or a state?
BPS Wealth Advisors, Inc. is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106249.
How much does BPS Wealth Advisors, Inc. manage?
BPS Wealth Advisors, Inc. reports $1,082,580,906 in regulatory assets under management in its Form ADV filing dated April 13, 2026 (0% discretionary).
How have BPS Wealth Advisors, Inc.'s assets and staff changed since 2021?
In the Form ADV data for BPS Wealth Advisors, Inc.: Regulatory assets under management: $315,412,846 in the October 2021 data and $1,082,580,906 in the October 2026 data, up 243%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does BPS Wealth Advisors, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (395); pension and profit sharing plans (but not the plan participants or government pension plans) (184); high net worth individuals (148).
Which custodians does BPS Wealth Advisors, Inc. use?
BPS Wealth Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Capital Client Group, Inc., John Hancock Distributors LLC and SEI Investments Distribution Co. as custodians holding 10% or more of its separately managed account assets.
Does BPS Wealth Advisors, Inc. 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/106249
Does BPS Wealth Advisors, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated April 13, 2026 says: "BPS Wealth Advisors, Inc. has no account minimums."
What changed in BPS Wealth Advisors, Inc.'s recent Form ADV filings?
In the April 2026 filing data: Changed its legal name from Beard Investment Services, Inc. to BPS Wealth Advisors, Inc.. Regulatory assets under management went from $859,729,975 to $1,082,580,906 (+26%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
BPS Wealth Advisors, Inc. has no account minimums.
As stated in the firm's Form ADV Part 2A brochure dated April 13, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,082,580,906 as of October 2026, filing dated April 13, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1991 (35 years)
- Employees
- Total: 5. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
6 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,082,580,906 | 5 | April 13, 2026 |
| October 2025 | $859,729,975 | 5 | March 14, 2025 |
| October 2024 | $455,467,279 | 5 | March 25, 2024 |
| October 2023 | $324,652,924 | 5 | March 27, 2023 |
| October 2022 | $369,975,131 | 5 | March 30, 2022 |
| October 2021 | $315,412,846 | 5 | September 24, 2021 |
Regulatory assets under management: $315,412,846 in the October 2021 data and $1,082,580,906 in the October 2026 data, up 243%.
Total employees: 5 in October 2021 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Changed its legal name from Beard Investment Services, Inc. to BPS Wealth Advisors, Inc..
- Regulatory assets under management went from $859,729,975 to $1,082,580,906 (+26%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. BPS Wealth Advisors, Inc. (CRD 106249): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/bps-wealth-advisors-inc-canfield-oh-106249