Bison Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Bison Wealth Management reports 160 clients. They include 112 individual clients and 48 high-net-worth individuals. Of its assets, 100.0% ($131M across 468 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 28% |
| High-net-worth individuals | 30% | 72% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 112 | $36.8M | 28.1% | $329K |
| High-net-worth individuals | 48 | $94.2M | 71.9% | $1.96M |
| Total | 160 | $131M | 100% | $819K |
- Clients
- 112
- Regulatory AUM
- $36.8M
- AUM share
- 28.1%
- Avg. per client
- $329K
- Clients
- 48
- Regulatory AUM
- $94.2M
- AUM share
- 71.9%
- Avg. per client
- $1.96M
Total
- Clients
- 160
- Regulatory AUM
- $131M
- AUM share
- 100%
- Avg. per client
- $819K
- 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
- 0
Bison Wealth Management charges 0.50%–1.00% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$3M | 0.80% |
| $3M–$5M | 0.60% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Stand-Alone Financial Planning
- Stand-alone financial planning is billed at $150 per hour, with a required minimum engagement of $500.
David Yormick owns 75% or more of Bison Wealth Management. The leadership team of Bison Wealth Management includes Chief Compliance Officer David Yormick. It has 4 employees, 3 of them in advisory roles.
Leadership
David YormickManaging Member & Chief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Bison Wealth Management, LLC
David Yormick
Control person · since January 2026
Besides its headquarters, Bison Wealth Management has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Ohio · 1 listed address
- 5010 Mayfield Road, Suite 201, LyndhurstHQ
Contact and registration details
- Legal name
- Bison Wealth Management, LLC
- Headquarters
- 5010 Mayfield Road, Suite 201, Lyndhurst, OH 44124
- Website
- bisonllc.com
- Phone
- 216-270-4425
- SEC file
- 801-136720
- Structure
- Ohio LLC
- Fiscal year end
- December
Bison Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($129M). Bison Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $129M100%
At year end, Bison Wealth Management’s separately managed accounts were mostly in stocks (72%) and funds (21%).
What the accounts hold
- Stocks72%
- Funds21%
- Bonds1%
- Cash5%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Bison Wealth Management have?
Bison Wealth Management has 160 clients and manages $131 million for them, as of September 2026. They include 112 individual clients and 48 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 September 2026
What services does Bison Wealth Management offer?
Bison Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bison Wealth Management charge?
Bison Wealth Management charges 0.50%–1.00% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: BISON WEALTH MANAGMENT, LLC DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 18 September 2026
Which custodians does Bison Wealth Management use?
Bison Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $129M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 September 2026
How many financial advisors does Bison Wealth Management have?
Bison Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bison Wealth Management invest in?
At the end of its last fiscal year, Bison Wealth Management’s separately managed accounts held 72% exchange-traded equities, 21% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bison Wealth Management?
Bison Wealth Management’s direct owner is David Yormick (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 September 2026
How does Bison Wealth Management get paid?
Bison Wealth Management is paid through a percentage of assets under management and hourly charges. 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 Bison Wealth Management?
Bison Wealth Management’s main office is at 5010 Mayfield Road, Suite 201, Lyndhurst, OH 44124. Its phone number is 216-270-4425. Its website is bisonllc.com.