# TBG-Bedford Group LLC

> TBG-Bedford Group LLC is an SEC-registered investment advisory firm in Saint Louis, MO, registered since 2026, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 20, 2026.

- CRD: 341573
- Filed as: TBG-BEDFORD GROUP LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Saint Louis, MO
- Filing period: October 2026
- Form ADV filing dated: August 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/341573
- AdvisorCensus page: https://advisorcensus.com/firm/tbg-bedford-group-llc-saint-louis-mo-341573

## Quick answers

**How is TBG-Bedford Group LLC compensated?**
On its Form ADV (Item 5.E, October 2026), TBG-Bedford Group LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is TBG-Bedford Group LLC located?**
TBG-Bedford Group LLC's principal office is in Saint Louis, MO, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is TBG-Bedford Group LLC registered with the SEC or a state?**
TBG-Bedford Group LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 341573.

**How much does TBG-Bedford Group LLC manage?**
TBG-Bedford Group LLC reports $758,104,476 in regulatory assets under management in its Form ADV filing dated August 20, 2026 (100% discretionary).

**What types of clients does TBG-Bedford Group LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (809); high net worth individuals (151).

**Which custodians does TBG-Bedford Group LLC use?**
TBG-Bedford Group LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does TBG-Bedford Group 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/341573

**What changed in TBG-Bedford Group LLC's recent Form ADV filings?**
In the September 2026 filing data: Regulatory assets under management went from $0 to $758,104,476.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., 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: $758,104,476
- Discretionary: $758,104,476
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 809 | $301,388,932 |
| High net worth individuals | 151 | $456,326,096 |
| Corporations or other businesses not listed above | Fewer than 5 | $389,448 |

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

### Firm details
- Registered since: 2026 (0 years)
- Employees: 9 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CO, FL, IL, KS, LA, MO, NC, NE, OK, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Sainte Genevieve, MO
- Wichita, KS

## Changes in the filing (last 12 months)

### September 2026
- Regulatory assets under management went from $0 to $758,104,476.

### August 2026
- Registered or notice-filed in AR, AZ, CO, NC, VA.

### June 2026
- Changed its legal name from Queequeg & Munger, LLC to TBG-Bedford Group LLC.
- Employees performing advisory functions went from 1 to 9.
- Added an office in Sainte Genevieve, MO.
- Added an office in Wichita, KS.
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TBG-Bedford Group LLC (CRD 341573): Form ADV filing data as of October 2026.