Bastion Fiduciary provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, and publishing newsletters. Financial planning was provided to 1–10 clients last fiscal year.
Bastion Fiduciary reports 242 clients. They include 235 individuals, 4 pension and profit-sharing plans, and 2 corporations and other businesses. Of its assets, 100.0% ($125M across 437 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 97% | 74% |
| Investment companies | <1% | 19% |
| Pension and profit-sharing plans | 2% | 7% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 235 | $92.6M | 74.0% | $394K |
| Investment companies | 1 | $23.9M | 19.1% | $23.9M |
| Pension and profit-sharing plans | 4 | $8.48M | 6.8% | $2.12M |
| Corporations and other businesses | Fewer than 5 | $240K | 0.2% | $120K |
| Total | 242 | $125M | 100% | — |
- Clients
- 235
- Regulatory AUM
- $92.6M
- AUM share
- 74.0%
- Avg. per client
- $394K
- Clients
- 1
- Regulatory AUM
- $23.9M
- AUM share
- 19.1%
- Avg. per client
- $23.9M
- Clients
- 4
- Regulatory AUM
- $8.48M
- AUM share
- 6.8%
- Avg. per client
- $2.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $240K
- AUM share
- 0.2%
- Avg. per client
- $120K
Total
- Clients
- 242
- Regulatory AUM
- $125M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Bastion Fiduciary charges 0.40%–1.00% a year for its Investment Management Fee. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Ongoing Financial Planning
- Ongoing financial planning is a monthly fee of between $29 and $199 based on client needs, paid monthly in arrears.
- Project-Based Financial Planning
- Project-based financial planning is charged at an hourly fee of between $250 and $500 based on client needs and plan complexity, and may be paid in advance.
Cale Smith owns 75% or more of Bastion Fiduciary. It has 7 employees, 6 of them in advisory roles.
Leadership
Cale SmithCEO
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- John Louis Rotonti JR
Staff
- 7 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 75% or more of Bastion Fiduciary, LLC
Cale Smith
Control person · since May 2024
Bastion Fiduciary’s regulatory assets grew Infinity× from $0 (March 2025) to $125M (April 2026); clients rose from 1 to 242 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $125M | 242 | 7 | 1 |
| March 2025 | $0 | 1 | 7 | 1 |
Besides its headquarters, Bastion Fiduciary has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Bastion Fiduciary, LLC
- Headquarters
- Not reported
- Website
- lastbastion.com
- Phone
- 786-706-6651
- SEC file
- 801-131510
- Structure
- Florida LLC
- Fiscal year end
- December
Bastion Fiduciary uses Goldman Sachs & Co. ($60.2M, 53%) and Charles Schwab ($54.4M, 47%) as custodians for its separately managed accounts. Bastion Fiduciary does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $54.4M47%
- Goldman Sachs & Co.Goldman Sachs & Co. LLC · New York, NY · $60.2M53%
At year end, Bastion Fiduciary’s separately managed accounts were mostly in funds (80%) and stocks (14%).
What the accounts hold
- Stocks14%
- Exchange-traded equities13%
- Non-exchange-traded equities1%
- Funds80%
- Cash5%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Bastion Fiduciary have?
Bastion Fiduciary has 242 clients and manages $125 million for them, as of April 2026. They include 235 individuals, 4 pension and profit-sharing plans, and 2 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 April 2026
What services does Bastion Fiduciary offer?
Bastion Fiduciary provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bastion Fiduciary charge?
Bastion Fiduciary charges 0.40%–1.00% a year for its Investment Management Fee. The fee is billed in arrears and is negotiable.
Source: BASTION FIDUCIARY FORM ADV PART 2, filed 10 April 2026
Which custodians does Bastion Fiduciary use?
Bastion Fiduciary’s separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $60.2M and Charles Schwab & Co., Inc. (Westlake, TX), with $54.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 April 2026
How many financial advisors does Bastion Fiduciary have?
Bastion Fiduciary has 6 investment adviser representatives registered with state securities authorities, out of 7 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bastion Fiduciary invest in?
At the end of its last fiscal year, Bastion Fiduciary’s separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 5% cash and equivalents and 1% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bastion Fiduciary?
Bastion Fiduciary’s direct owner is Cale Smith (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 10 April 2026
How does Bastion Fiduciary get paid?
Bastion Fiduciary is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Bastion Fiduciary?
Its phone number is 786-706-6651. Its website is lastbastion.com.