# BPS Wealth Advisors

BPS Wealth Advisors is an Asset Manager based in Canfield, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Canfield, United States
- **Region:** North America
- **Address:** Fort Lauderdale, FL, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** bpswealth.com

## Regulatory record

- **CRD number:** 106249
- **SEC file number:** 801-37961
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-13T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/106249

## About

BPS Wealth Advisors, Inc. is an SEC-registered investment adviser in Canfield, Ohio, registered since 1991. The firm manages approximately $1.1 billion in regulatory assets. It has 5 employees and 5 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Energy Transition & Renewables

## People

- Brian P. Simon — CEO & Chief Investment Officer

## Questions

### Who runs investment decisions at BPS Wealth Advisors?

Brian P. Simon serves as CEO and Chief Investment Officer and personally chairs the firm's investment committee. Simon's background in structured finance at PaineWebber and CIBC World Markets shaped the firm's credit-intensive approach to alternatives sourcing. All direct deal allocations require his approval, and he remains the named portfolio manager on the firm's regulatory filings.

### Does BPS participate in fund commitments or only direct deals?

BPS emphasizes direct co-investment structures over blind-pool fund commitments, particularly in real estate and private credit. However, for asset classes where direct access is challenging — including hedge funds and certain energy strategies — the firm does allocate to external managers and has historically invested in managed-futures and long/short equity funds. The firm's marketing material stresses the absence of fund-of-funds layering in its core alternatives program.

### What is BPS's known posture on co-investments alongside external GPs?

The firm acts as a co-investor alongside operators and sponsors rather than as a lead or fund manager itself. Simon has publicly described this as giving clients co-investor economics without the blind-pool risk typical of closed-end funds. BPS structures its co-investments entity-by-entity, allowing clients to opt in or out of individual deals rather than committing to a multi-year drawdown vehicle.

### What is the energy-transition mandate BPS added in 2024?

In early 2024, BPS launched a dedicated energy-transition sleeve targeting tax-equity investments in utility-scale solar projects. The initial allocation was made alongside a national solar developer, structured to capture the Inflation Reduction Act's transferability provisions for clean-energy tax credits. This marks a departure from the firm's earlier energy exposure, which focused more on royalty interests and exploration-stage credit.

### How is BPS compensated on the alternatives it sources?

BPS charges an advisory fee on managed assets and does not layer additional carry or placement fees on the direct deals it sources, according to the firm's public descriptions of its compensation model. This stands in contrast to many RIA platforms that earn revenue-sharing or placement fees from third-party alternative-asset managers. Clients pay transaction-level expenses associated with individual deals but avoid the fund-of-funds expense stack BPS explicitly markets against.

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Last updated: 2026-06-03T20:00:00.000Z

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