{
  "crd_number": 106249,
  "slug": "bps-wealth-advisors-inc-canfield-oh-106249",
  "primary_business_name": "BPS WEALTH ADVISORS, INC.",
  "legal_name": "BPS WEALTH ADVISORS, INC.",
  "dbas": [],
  "city": "Canfield",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "49660",
  "metro": {
    "cbsa_code": "49660",
    "common_name": "Youngstown",
    "msa_name": "Youngstown-Warren, OH",
    "path": "/advisors/oh/youngstown"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1991-01-10",
  "years_registered": 35,
  "period": "2026-10-01",
  "filing_date": "2026-04-13",
  "carried_forward": false,
  "raum_total": 1082580906.0,
  "raum_discretionary": 0.0,
  "raum_non_discretionary": 1082580906.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 5,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 1160005.0,
      "count": 8
    },
    "individuals": {
      "raum": 98602462.0,
      "count": 395
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 653453184.0,
      "count": 184
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 321296612.0,
      "count": 148
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 8068643.0,
      "count": 10
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "GA",
    "OH",
    "PA",
    "TX",
    "VA"
  ],
  "websites": [
    "https://bpswealthgroup.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106249",
  "city_as_filed": "CANFIELD",
  "url": "https://advisorcensus.com/firm/bps-wealth-advisors-inc-canfield-oh-106249",
  "display_name": "BPS Wealth Advisors, Inc.",
  "summary": "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.",
  "citation": "AdvisorCensus. BPS Wealth Advisors, Inc. (CRD 106249): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is BPS Wealth Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), BPS Wealth Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is BPS Wealth Advisors, Inc. located?",
      "a": "BPS Wealth Advisors, Inc.'s principal office is in Canfield, OH, according to its Form ADV."
    },
    {
      "q": "Is BPS Wealth Advisors, Inc. registered with the SEC or a state?",
      "a": "BPS Wealth Advisors, Inc. is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106249."
    },
    {
      "q": "How much does BPS Wealth Advisors, Inc. manage?",
      "a": "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)."
    },
    {
      "q": "How have BPS Wealth Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does BPS Wealth Advisors, Inc. serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does BPS Wealth Advisors, Inc. use?",
      "a": "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."
    },
    {
      "q": "Does BPS Wealth Advisors, Inc. 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/106249"
    },
    {
      "q": "Does BPS Wealth Advisors, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 13, 2026 says: \"BPS Wealth Advisors, Inc. has no account minimums.\""
    },
    {
      "q": "What changed in BPS Wealth Advisors, Inc.'s recent Form ADV filings?",
      "a": "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%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 315412846.0,
      "total_employees": 5,
      "filing_date": "2021-09-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 369975131.0,
      "total_employees": 5,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 324652924.0,
      "total_employees": 5,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 455467279.0,
      "total_employees": 5,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 859729975.0,
      "total_employees": 5,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1082580906.0,
      "total_employees": 5,
      "filing_date": "2026-04-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "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%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 13, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "BPS Wealth Advisors, Inc. has no account minimums."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "BPS Wealth Advisors, Inc. has no account minimums."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Capital Client Group, Inc.",
      "name_as_filed": "CAPITAL CLIENT GROUP, INC.",
      "affiliated": false
    },
    {
      "name": "John Hancock Distributors LLC",
      "name_as_filed": "JOHN HANCOCK DISTRIBUTORS LLC",
      "affiliated": false
    },
    {
      "name": "SEI Investments Distribution Co.",
      "name_as_filed": "SEI INVESTMENTS DISTRIBUTION CO.",
      "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/bps-wealth-advisors-inc-canfield-oh-106249.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 395,
      "fewer_than_5": false,
      "raum": 98602462.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 148,
      "fewer_than_5": false,
      "raum": 321296612.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 184,
      "fewer_than_5": false,
      "raum": 653453184.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1160005.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 8068643.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/106249",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}