Bco Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Bco Wealth Management reports 552 clients. They include 417 individual clients, 109 high-net-worth individuals and 12 other clients. Of its assets, 99.7% ($359M across 1,170 accounts) are managed with discretion; $1.14M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 25% |
| High-net-worth individuals | 20% | 62% |
| Pension and profit-sharing plans | 1% | 4% |
| Charitable organizations | <1% | 6% |
| Corporations and other businesses | <1% | <1% |
| Other client typesOther | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 417 | $89.9M | 25.0% | $216K |
| High-net-worth individuals | 109 | $223M | 61.9% | $2.04M |
| Pension and profit-sharing plans | 6 | $15.2M | 4.2% | $2.53M |
| Charitable organizations | Fewer than 5 | $20.6M | 5.7% | $5.15M |
| Corporations and other businesses | Fewer than 5 | $1.51M | 0.4% | $377K |
| Other | 12 | $10M | 2.8% | $836K |
| Total | 552 | $360M | 100% | — |
- Clients
- 417
- Regulatory AUM
- $89.9M
- AUM share
- 25.0%
- Avg. per client
- $216K
- Clients
- 109
- Regulatory AUM
- $223M
- AUM share
- 61.9%
- Avg. per client
- $2.04M
- Clients
- 6
- Regulatory AUM
- $15.2M
- AUM share
- 4.2%
- Avg. per client
- $2.53M
- Clients
- Fewer than 5
- Regulatory AUM
- $20.6M
- AUM share
- 5.7%
- Avg. per client
- $5.15M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.51M
- AUM share
- 0.4%
- Avg. per client
- $377K
- Clients
- 12
- Regulatory AUM
- $10M
- AUM share
- 2.8%
- Avg. per client
- $836K
Total
- Clients
- 552
- Regulatory AUM
- $360M
- 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
- 251–500
Bco Wealth Management charges 0.65%–1.25% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- The negotiated fixed fee for a financial plan is between $500 and $5,000, with 10% paid in advance.
John Overstreet owns 50% to 75% of Bco Wealth Management. The leadership team of Bco Wealth Management includes Chief Compliance Officer John Overstreet. It has 9 employees, 4 of them in advisory roles.
Leadership
- John OverstreetManaging Member, Chief Compliance Officer
- Lyle ColeManaging Member
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Benjamin James Cole
- Bradley Nolan Cole
- Lyle Harley Cole
- John Milo Overstreet
Staff
- 9 employees
- 4 in advisory functions
- 4 state-registered reps
- 7 broker-dealer reps
- 2 insurance agents
- Owns 50% to 75% of Bco Wealth Management, LLC
John Overstreet
Control person · since May 2022
- Owns 50% to 75% of Bco Wealth Management, LLC
Lyle Cole
Control person · since May 2022
Bco Wealth Management’s regulatory assets grew Infinity× from $0 (June 2022) to $360M (July 2026); employees rose from 2 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $360M | 552 | 9 | 1 |
| February 2025 | $300M | 536 | 7 | 1 |
| May 2024 | $267M | 512 | 7 | 1 |
| June 2023 | $241M | 500 | 2 | 1 |
| June 2022 | $0 | 0 | 2 | 1 |
Besides its headquarters, Bco Wealth Management has 0 offices, with 1 listed address in New Mexico.
New Mexico · 1 listed address
- 412 N Canal St, CarlsbadHQ
Contact and registration details
- Legal name
- Bco Wealth Management, LLC
- Headquarters
- 412 N Canal St, Carlsbad, NM 88220
- Website
- Not reported
- Phone
- 575-887-2013
- SEC file
- 801-126061
- Structure
- New Mexico LLC
- Fiscal year end
- December
Bco Wealth Management uses SEI Private Trust / SEI Investments Distribution ($360M) as custodian for its separately managed accounts. Bco Wealth Management does not have custody of client assets.
- SEI Private Trust / SEI Investments DistributionSEI Private Trust / SEI Investments Distribution Co. · Oaks, PA · $360M100%
At year end, Bco Wealth Management’s separately managed accounts were mostly in funds (83%). Its reported 13F holdings for the quarter ended 30 June 2026 total $183M across 45 positions; the largest are Dimensional ETF Trust (21.4%), Dimensional ETF Trust (18.1%) and Dimensional ETF Trust (12.2%).
What the accounts hold
- Stocks8%
- Funds83%
- Bonds5%
- State and local bonds3%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash4%
Reported 13F holdings
- $183M
- Reported 13F value
- 45
- Positions
- 89.7%
- In the 10 largest
- +10.2%
- Value vs. prior quarter
- Dimensional ETF Trust · US Cor Equ 2 ETF21.4%
- Dimensional ETF Trust · US Cor Equ 1 ETF18.1%
- Dimensional ETF Trust · Core Fixe IN ETF12.2%
- Dimensional ETF Trust · Intl Core Equity10.8%
- Dimensional ETF Trust · Shor Dur Fix ETF9.3%
- Dimensional ETF Trust · Emerging Mkts CO5.8%
- iShares TR · National Mun ETF4.9%
- Dimensional ETF Trust · Natl Mun BD ETF3.0%
- iShares TR · Shrt Nat Mun ETF2.3%
- Vanguard BD Index Fds · Total Bnd Mrkt1.9%
Together, the ten largest are 89.7% of reported value.
How many clients does Bco Wealth Management have?
Bco Wealth Management has 552 clients and manages $360 million for them, as of July 2026. They include 417 individual clients, 109 high-net-worth individuals and 12 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 July 2026
What services does Bco Wealth Management offer?
Bco Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bco Wealth Management charge?
Bco Wealth Management charges 0.65%–1.25% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable.
Source: FORM ADV PART 2A - BCO WEALTH MANAGEMENT LLC, filed 12 March 2026
Which custodians does Bco Wealth Management use?
Bco Wealth Management’s separately managed account assets are held at SEI Private Trust / SEI Investments Distribution Co. (Oaks, PA), with $360M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 July 2026
How many financial advisors does Bco Wealth Management have?
Bco Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 9 employees, and 4 perform investment advisory functions. 7 employees are registered representatives of a broker-dealer and 2 employees are 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 Bco Wealth Management invest in?
At the end of its last fiscal year, Bco Wealth Management’s separately managed accounts held 83% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 4% cash and equivalents, 3% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bco Wealth Management?
Bco Wealth Management’s direct owners are John Overstreet (50% to 75%) and Lyle Cole (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 July 2026
How does Bco Wealth Management get paid?
Bco Wealth Management is paid through a percentage of assets under management 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 Bco Wealth Management?
Bco Wealth Management’s main office is at 412 N Canal St, Carlsbad, NM 88220. Its phone number is 575-887-2013.