B P Financial Associates, LLC

B P Financial Associates, LLC is an independent, single-adviser registered investment adviser that provides ongoing portfolio management (Investment Supervisory Services) to individuals, high-net-worth individuals, trusts, estates, and charitable organizations. The firm reports managing roughly $55,500,000 in client assets as of December 31, 2025, comprised of about 230 discretionary accounts totaling $53,900,000 and 7 non-discretionary accounts totaling $1,600,000.

The firm documents client goals and constraints in a written Investment Policy Statement and conducts regular portfolio monitoring, using fundamental, technical, and cyclical analysis to guide decisions. It generally invests in equities, mutual funds, bonds, ETFs, REITs, and government securities and may employ long- and short-term trading, margin transactions, and options writing (typically covered); the firm typically requests discretionary authority but clients may opt out.

What is distinctive is the firm’s unusually high client load for a solo practice — the brochure lists about 304 clients, a client count that is uncommon for a single-adviser firm — and its operational approach of direct account fee deduction that creates limited custody over client assets. The firm also requires clients to use a specified custodian (Charles Schwab & Co.) for execution and generally trades on a client-by-client basis rather than routinely aggregating block trades across accounts.