{"url":"https://nivawealth.com/firms/bison-investment-advisors-149775","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149775","regulatoryAum":157535698,"crd":"149775","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4323375","suffix":null,"lastName":"ROMAN","firstName":"TARA","middleName":"ANNE"},{"crd":"8338875","suffix":null,"lastName":"SCHURIG","firstName":"WILLIAM","middleName":"RAINER DOWD"},{"crd":"2612587","suffix":null,"lastName":"TIDWELL","firstName":"DWAYNE","middleName":"MARK"},{"crd":"4579017","suffix":null,"lastName":"TURNER","firstName":"DAVID","middleName":"ALLEN"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-07-27","regulatoryAum":140113679,"clients":147,"employees":4,"offices":2},{"filedOn":"2026-03-04","regulatoryAum":157535698,"clients":165,"employees":4,"offices":2}],"secFileNumber":"801-133931","legalName":"Bison Investment Advisors, LLC","displayName":"Bison Investment Advisors","slug":"bison-investment-advisors-149775","website":"https://bisoninvestmentadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/149775/c187bb950abc94aa-r1.webp","tone":"light","width":236,"height":200,"sourceUrl":"https://www.bisoninvestmentadvisors.com","sourceLabel":"Bison Investment Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10055 Grogans Mill, Suite 120","city":"The Woodlands","state":"TX","stateName":"Texas","country":"United States","postalCode":"77380"},"tradeNames":[],"registration":{"secApproved":"28 July 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":920203.5126582278,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":157535698,"discretionary":157535698,"discretionaryAccounts":304,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":99,"regulatoryAum":66979671},{"label":"High-net-worth individuals","clients":59,"regulatoryAum":78412484},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":7803044},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":4340499}],"feePrograms":[{"role":"other","program":"Qualified retirement plan consulting","summary":"Plan consulting is tiered by plan assets from $1,000 to $10,000 a year, custom above $5,000,000, with a $1,000 per annum minimum.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060688","versionId":1060688,"submittedOn":"2026-10-09","documentName":"FORM ADV (PART 2A  2B) - BISON INVESTMENT ADVISORS, LLC"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:54:48.037676+00:00","documents":[{"name":"FORM ADV (PART 2A  2B) - BISON INVESTMENT ADVISORS, LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060688","versionId":1060688,"submittedOn":"2026-10-09"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":68180937},{"name":"Inspira Financial Trust","shortName":"Inspira Financial Trust","location":"Oak Brook, IL","smaAssets":12369557},{"name":"Keystone National Group","shortName":"Keystone National Group","location":"Salt Lake City, UT","smaAssets":19657027},{"name":"Megatal Capital Investments","shortName":"Megatal Capital Investments","location":"Dallas, TX","smaAssets":27956989},{"name":"Banque Pictet & Cie Sa","shortName":"Banque Pictet & Cie Sa","location":"Geneva","smaAssets":21784904}],"custodyNote":"Bison Investment Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Dwayne Tidwell","title":"President and Chief Investment Officer","crd":"2612587"},{"name":"Tara Roman","title":"Relationship Manager and Chief Compliance Officer","crd":"4323375"},{"name":"David Turner","title":"Managing Director, Senior Financial Advisor","crd":"4579017"}],"ownership":[{"label":"Dwayne Tidwell","detail":"President and chief investment officer in the 75% or more ownership band and a control person, since January 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"10055 Grogans Mill, Suite 120","city":"The Woodlands","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"281-665-3616","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":25},{"label":"Non-exchange-traded equity securities","percent":24},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":42},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":6},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":1},"sources":{"adv1FilingDate":"4 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149775/PDF/149775.pdf","brochureDate":"9 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060688","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bison Investment Advisors have?","answer":"Bison Investment Advisors has 165 clients and manages $158 million for them, as of March 2026. They include 99 individual clients, 59 high-net-worth individuals, and 6 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bison Investment Advisors offer?","answer":"Bison Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Bison Investment Advisors use?","answer":"Bison Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $68.2M, Megatal Capital Investments (Dallas, TX), with $28M, Banque Pictet & Cie Sa (Geneva), with $21.8M, Keystone National Group (Salt Lake City, UT), with $19.7M and Inspira Financial Trust (Oak Brook, IL), with $12.4M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bison Investment Advisors have?","answer":"Bison Investment Advisors has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bison Investment Advisors invest in?","answer":"At the end of its last fiscal year, Bison Investment Advisors’ separately managed accounts held 42% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 24% non-exchange-traded equities, 6% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% U.S. government and agency bonds. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Bison Investment Advisors?","answer":"Bison Investment Advisors’ direct owner is Dwayne Tidwell (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bison Investment Advisors get paid?","answer":"Bison Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Bison Investment Advisors?","answer":"Bison Investment Advisors’ main office is at 10055 Grogans Mill, Suite 120, The Woodlands, TX 77380. Its phone number is 281-665-3616. Its website is bisoninvestmentadvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}