BPS Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
BPS Wealth Advisors reports 745 clients. They include 395 individual clients, 184 pension and profit-sharing plans, and 148 high-net-worth individuals. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $1.08B across 1,099 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 53% | 9% |
| High-net-worth individuals | 20% | 30% |
| Pension and profit-sharing plans | 25% | 60% |
| Charitable organizations | 1% | <1% |
| 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) | 395 | $98.6M | 9.1% | $250K |
| High-net-worth individuals | 148 | $321M | 29.7% | $2.17M |
| Pension and profit-sharing plans | 184 | $653M | 60.4% | $3.55M |
| Charitable organizations | 8 | $1.16M | 0.1% | $145K |
| Corporations and other businesses | 10 | $8.07M | 0.7% | $807K |
| Total | 745 | $1.08B | 100% | $1.45M |
- Clients
- 395
- Regulatory AUM
- $98.6M
- AUM share
- 9.1%
- Avg. per client
- $250K
- Clients
- 148
- Regulatory AUM
- $321M
- AUM share
- 29.7%
- Avg. per client
- $2.17M
- Clients
- 184
- Regulatory AUM
- $653M
- AUM share
- 60.4%
- Avg. per client
- $3.55M
- Clients
- 8
- Regulatory AUM
- $1.16M
- AUM share
- 0.1%
- Avg. per client
- $145K
- Clients
- 10
- Regulatory AUM
- $8.07M
- AUM share
- 0.7%
- Avg. per client
- $807K
Total
- Clients
- 745
- Regulatory AUM
- $1.08B
- AUM share
- 100%
- Avg. per client
- $1.45M
- 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
BPS Wealth Advisors is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
James Rafoth owns 25% to 50% of BPS Wealth Advisors. The leadership team of BPS Wealth Advisors includes President James Rafoth and Chief Compliance Officer Bradley Walker. It has 5 employees.
Staff
- 5 employees
- 5 in advisory functions
- 5 state-registered reps
- 5 broker-dealer reps
- 5 insurance agents
- Owns 25% to 50% of BPS Wealth Advisors, Inc.
James Rafoth
Control person · since January 2013
- Owns 25% to 50% of BPS Wealth Advisors, Inc.
Robert Smallwood
Control person · since January 2013
- Owns 25% to 50% of BPS Wealth Advisors, Inc.
Bradley Walker
Control person · since January 2013
BPS Wealth Advisors’ regulatory assets grew 3.4× from $315M (March 2021) to $1.08B (April 2026); clients rose from 420 to 745 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $1.08B | 745 | 5 | 1 |
| Mar 2025March 2025 | $860M | 689 | 5 | 1 |
| Mar 2024March 2024 | $455M | 546 | 5 | 1 |
| Mar 2023March 2023 | $325M | 489 | 5 | 1 |
| Mar 2022March 2022 | $370M | 463 | 5 | 1 |
| Mar 2021March 2021 | $315M | 420 | 5 | 1 |
Besides its headquarters, BPS Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Ohio · 1 listed address
- 3701 Boardman - Canfield RD., Suite 1, CanfieldHQ
Contact and registration details
- Legal name
- BPS Wealth Advisors, Inc.
- Headquarters
- 3701 Boardman - Canfield RD., Suite 1, Canfield, OH 44406
- Website
- bpswealthgroup.com
- Phone
- 330-758-0575
- SEC file
- 801-37961
- Structure
- Ohio corporation
- Fiscal year end
- December
BPS Wealth Advisors’ named custodians for separately managed accounts are Capital Client Group ($411M, 40%), SEI Investments Distribution ($400M, 39%) and John Hancock Distributors ($221M, 21%). BPS Wealth Advisors has custody of $136M for 327 clients.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $400M39%
- John Hancock DistributorsJohn Hancock Distributors LLC · Boston, MA · $221M21%
- Capital Client GroupCapital Client Group, Inc. · Los Angeles, CA · $411M40%
At year end, BPS Wealth Advisors’ separately managed accounts were mostly in funds (93%).
What the accounts hold
- Stocks4%
- Funds93%
- Bonds1%
- Cash2%
How many clients does BPS Wealth Advisors have?
BPS Wealth Advisors has 745 clients and manages $1.08 billion for them, as of April 2026. They include 395 individual clients, 184 pension and profit-sharing plans, and 148 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 April 2026
What services does BPS Wealth Advisors offer?
BPS Wealth Advisors 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
Which custodians does BPS Wealth Advisors use?
BPS Wealth Advisors’ separately managed account assets are held at Capital Client Group, Inc. (Los Angeles, CA), with $411M, SEI Investments Distribution Co. (Oaks, PA), with $400M and John Hancock Distributors LLC (Boston, MA), with $221M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 April 2026
How many financial advisors does BPS Wealth Advisors have?
BPS Wealth Advisors has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 5 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 BPS Wealth Advisors invest in?
At the end of its last fiscal year, BPS Wealth Advisors’ separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities, 2% cash and equivalents 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 BPS Wealth Advisors?
BPS Wealth Advisors’ direct owners are James Rafoth, Robert Smallwood and Bradley Walker, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 13 April 2026
How does BPS Wealth Advisors get paid?
BPS Wealth Advisors is paid through a percentage of assets under management. 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 BPS Wealth Advisors?
BPS Wealth Advisors’ main office is at 3701 Boardman - Canfield RD., Suite 1, Canfield, OH 44406. Its phone number is 330-758-0575. Its website is bpswealthgroup.com.