{"url":"https://nivawealth.com/firms/bps-wealth-advisors-106249","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106249","regulatoryAum":1082580906,"crd":"106249","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3129851","suffix":null,"lastName":"BERLIN","firstName":"WILLIAM","middleName":"BRIAN"},{"crd":"6401141","suffix":null,"lastName":"CLAYTON","firstName":"ERIC","middleName":"MICHAEL"},{"crd":"6831309","suffix":null,"lastName":"Hadley","firstName":"Mark","middleName":"Daniel"},{"crd":"2243194","suffix":null,"lastName":"RAFOTH","firstName":"JAMES","middleName":null},{"crd":"5246480","suffix":null,"lastName":"Smallwood","firstName":"Mark","middleName":"Jason"},{"crd":"4838140","suffix":"Jr","lastName":"Smallwood","firstName":"Robert","middleName":"Lee"},{"crd":"3146727","suffix":null,"lastName":"Walker","firstName":"Bradley","middleName":"Alan"}],"total":7,"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":"2021-03-18","regulatoryAum":315412846,"clients":420,"employees":5,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":369975131,"clients":463,"employees":5,"offices":1},{"filedOn":"2023-03-27","regulatoryAum":324652924,"clients":489,"employees":5,"offices":1},{"filedOn":"2024-03-25","regulatoryAum":455467279,"clients":546,"employees":5,"offices":1},{"filedOn":"2025-03-14","regulatoryAum":859729975,"clients":689,"employees":5,"offices":1},{"filedOn":"2026-04-13","regulatoryAum":1082580906,"clients":745,"employees":5,"offices":1}],"secFileNumber":"801-37961","legalName":"BPS Wealth Advisors, Inc.","displayName":"BPS Wealth Advisors","slug":"bps-wealth-advisors-106249","website":"https://bpswealthgroup.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_wealth_manager","typeLabel":"OCIO / institutional wealth","feeDisclosure":"payment_only"},"founded":null,"organization":"Ohio corporation","fiscalYearEnd":"December","headquarters":{"street":"3701 Boardman - Canfield RD., Suite 1","city":"Canfield","state":"OH","stateName":"Ohio","country":"United States","postalCode":"44406"},"tradeNames":[],"registration":{"secApproved":"10 January 1991","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":773294.7955801105,"staff":{"employees":5,"advisory":5,"brokerDealerReps":5,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":1082580906,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":1082580906,"nonDiscretionaryAccounts":1099,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":395,"regulatoryAum":98602462},{"label":"High-net-worth individuals","clients":148,"regulatoryAum":321296612},{"label":"Pension and profit-sharing plans","clients":184,"regulatoryAum":653453184},{"label":"Charitable organizations","clients":8,"regulatoryAum":1160005},{"label":"Corporations and other businesses","clients":10,"regulatoryAum":8068643}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"SEI Investments Distribution Co.","shortName":"SEI Investments Distribution","location":"Oaks, PA","smaAssets":400412814},{"name":"John Hancock Distributors LLC","shortName":"John Hancock Distributors","location":"Boston, MA","smaAssets":220795088},{"name":"Capital Client Group, Inc.","shortName":"Capital Client Group","location":"Los Angeles, CA","smaAssets":411436259}],"custodyNote":"BPS Wealth Advisors has custody of $136M for 327 clients.","otherCustodians":[],"leadership":[{"name":"James Rafoth","title":"President","crd":"2243194"},{"name":"Bradley Walker","title":"Chief Compliance Officer","crd":"3146727"},{"name":"Robert Smallwood","title":"Treasurer","crd":"4838140"}],"ownership":[{"label":"James Rafoth","detail":"President in the 25% to 50% ownership band and a control person, since January 2013."},{"label":"Robert Smallwood","detail":"Treasurer in the 25% to 50% ownership band and a control person, since January 2013."},{"label":"Bradley Walker","detail":"Chief compliance officer in the 25% to 50% ownership band and a control person, since January 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"3701 Boardman - Canfield RD., Suite 1","city":"Canfield","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"330-758-0575","stateRegisteredReps":5,"otherAdviserReps":5,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":4},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":93},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"13 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106249/PDF/106249.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does BPS Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does BPS Wealth Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does BPS Wealth Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does BPS Wealth Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does BPS Wealth Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns BPS Wealth Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does BPS Wealth Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact BPS Wealth Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 13 April 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."}