# BW & Associates, Inc.

> BW & Associates, Inc. is an SEC-registered investment advisory firm in Orange, CA, registered since 2016, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 24, 2026.

- CRD: 116471
- Filed as: BW & ASSOCIATES, INC.
- Legal name: Bonnie Wusz & Associates, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Orange, CA
- Filing period: October 2026
- Form ADV filing dated: September 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/116471
- AdvisorCensus page: https://advisorcensus.com/firm/bw-and-associates-inc-orange-ca-116471

## Quick answers

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

**Where is BW & Associates, Inc. located?**
BW & Associates, Inc.'s principal office is in Orange, CA, according to its Form ADV.

**Is BW & Associates, Inc. registered with the SEC or a state?**
BW & Associates, Inc. is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 116471.

**How much does BW & Associates, Inc. manage?**
BW & Associates, Inc. reports $692,790,049 in regulatory assets under management in its Form ADV filing dated September 24, 2026 (0% discretionary).

**How have BW & Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for BW & Associates, Inc.: Regulatory assets under management: $499,161,780 in the October 2021 data and $692,790,049 in the October 2026 data, up 39%. Total employees: 6 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 BW & Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (373); high net worth individuals (156).

**Which custodians does BW & Associates, Inc. use?**
BW & Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists 12711 N. Meridian Street as a custodian holding 10% or more of its separately managed account assets.

**Does BW & Associates, 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/116471

**Does BW & Associates, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated August 27, 2026 says: "BWA generally requires a minimum investment of $100,000 to open an account; however, we reserve the right to waive this minimum."

**What changed in BW & Associates, Inc.'s recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $615,348,169 to $692,790,049 (+13%). Registered or notice-filed in FL.

## 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 August 27, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> BWA generally requires a minimum investment of $100,000 to open an account; however, we reserve the right to waive this minimum.

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

### Custodians (Schedule D, Section 5.K(3))
- 12711 N. Meridian Street

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: $692,790,049
- Discretionary: $0
- Non-discretionary: $692,790,049

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 373 | $239,996,903 |
| High net worth individuals | 156 | $452,793,146 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2016 (10 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, NV, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bwandassociatesinc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $499,161,780 | 6 | July 16, 2021 |
| October 2022 | $562,370,799 | 5 | August 12, 2022 |
| October 2023 | $442,621,873 | 5 | September 8, 2023 |
| October 2024 | $523,405,600 | 5 | March 28, 2024 |
| October 2025 | $615,348,169 | 6 | March 28, 2025 |
| October 2026 | $692,790,049 | 5 | September 24, 2026 |

Regulatory assets under management: $499,161,780 in the October 2021 data and $692,790,049 in the October 2026 data, up 39%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $615,348,169 to $692,790,049 (+13%).
- Registered or notice-filed in FL.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BW & Associates, Inc. (CRD 116471): Form ADV filing data as of October 2026.