DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Bps Capital Management, Inc.
Latest filing Jan 21, 2026
First filing on the tape Dec 19, 2011 · 18 filings
SEC status approved since Mar 1, 2002
RAUM
$3.1B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
2.6%
$81.3M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.0B
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$3.1B as of Jan 21, 2026
Dec 19, 2011$2.6B then
HNW client RAUM$81.3M as of Jan 21, 2026
Jan 29, 2018$15.3M then
State-registered IARs (5.B.3)0 as of Jan 21, 2026
Dec 19, 20110 then
Employees (5.A)5 as of Jan 21, 2026
Dec 10, 20128 then
Private funds: no history
RAUM -10% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jan 21, 2026; every figure names its basis
- RAUM per advisor
- $1.0BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.8MderivedHNW RAUM over HNW clients
- Average account
- $46.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 9.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -10%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Banks and thrifts$2.7B86%
- Insurance companies$238M7.7%
- High-net-worth individuals$81.3M2.6%
- Corporations and businesses$72.0M2.3%
- Charitable organizations$42.4M1.4%
- State and municipal entities$12.4M0.4%
- Individual clients
- n/areported
- HNW clients
- 14reported
- Pension plan clients
- n/areported
- Charitable clients
- 3reported
- Accounts
- 67reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.03 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Patrick Dardis | Bloomington, Mn | Nov 2, 2022 | 21 y | 0 |
| Eric Carl Joseph SwansonChartered Financial Analyst | Bloomington, Mn | Jan 1, 2026 | 15 y | 0 |
| Erin Michele SwansonChartered Financial Analyst | Bloomington, Mn | Jan 1, 2026 | 17 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Charles Mclaren · President/Ceocontrolsince 03/2002 · owns 75% or more
- Patrick Dardis · Ccosince 08/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bloomington, Mn · principal | 3 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Jan 21, 2026discretionary share of RAUM of 0% against a peer median of 100% (247 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: other advisers, $1B to $5B (247) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 72 to 67Jan 24, 2025 to Jan 21, 2026
- HNW RAUM · $110M to $81.3MJan 24, 2025 to Jan 21, 2026
- Non-discretionary RAUM · $3.5B to $3.1BJan 24, 2025 to Jan 21, 2026
- RAUM · $3.5B to $3.1BJan 24, 2025 to Jan 21, 2026
- Accounts · 69 to 72Jan 30, 2024 to Jan 24, 2025
- Advisory employees · 4 to 3Jan 30, 2024 to Jan 24, 2025
- Charity clients · 2 to 3Jan 30, 2024 to Jan 24, 2025
- Corporate clients · 3 to 4Jan 30, 2024 to Jan 24, 2025
- HNW clients · 12 to 14Jan 30, 2024 to Jan 24, 2025
- Employees · 6 to 5Jan 30, 2024 to Jan 24, 2025
- Financial planning clients · 1-10 to 1-10Jan 30, 2024 to Jan 24, 2025
- HNW RAUM · $112M to $110MJan 30, 2024 to Jan 24, 2025
- Non-discretionary RAUM · $3.8B to $3.5BJan 30, 2024 to Jan 24, 2025
- RAUM · $3.8B to $3.5BJan 30, 2024 to Jan 24, 2025
- Accounts · 71 to 69Jan 12, 2023 to Jan 30, 2024
- Advisory employees · 6 to 4Jan 12, 2023 to Jan 30, 2024
- Corporate clients · 1 to 3Jan 12, 2023 to Jan 30, 2024
- HNW clients · 9 to 12Jan 12, 2023 to Jan 30, 2024
- Employees · 7 to 6Jan 12, 2023 to Jan 30, 2024
- HNW RAUM · $92.8M to $112MJan 12, 2023 to Jan 30, 2024
- Non-discretionary RAUM · $4.9B to $3.8BJan 12, 2023 to Jan 30, 2024
- RAUM · $4.9B to $3.8BJan 12, 2023 to Jan 30, 2024
- Accounts · 80 to 71Jan 28, 2022 to Jan 12, 2023
- Charity clients · 3 to 2Jan 28, 2022 to Jan 12, 2023
- Corporate clients · 4 to 1Jan 28, 2022 to Jan 12, 2023
- HNW RAUM · $94.4M to $92.8MJan 28, 2022 to Jan 12, 2023
- Non-discretionary RAUM · $5.4B to $4.9BJan 28, 2022 to Jan 12, 2023
- RAUM · $5.4B to $4.9BJan 28, 2022 to Jan 12, 2023
- Advisory employees · 5 to 6Jan 26, 2021 to Jan 28, 2022
- Corporate clients · 6 to 4Jan 26, 2021 to Jan 28, 2022
- HNW RAUM · $88.2M to $94.4MJan 26, 2021 to Jan 28, 2022
- Non-discretionary RAUM · $3.9B to $5.4BJan 26, 2021 to Jan 28, 2022
- RAUM · $3.9B to $5.4BJan 26, 2021 to Jan 28, 2022
- Accounts · 82 to 80Jun 30, 2020 to Jan 26, 2021
- Advisory employees · 4 to 5Jun 30, 2020 to Jan 26, 2021
- Advisory activities · 2 to 3Jun 30, 2020 to Jan 26, 2021
- Corporate clients · 7 to 6Jun 30, 2020 to Jan 26, 2021
- Financial planning clients · unset to 1-10Jun 30, 2020 to Jan 26, 2021
- HNW RAUM · $76.6M to $88.2MJun 30, 2020 to Jan 26, 2021
- Non-discretionary RAUM · $3.2B to $3.9BJun 30, 2020 to Jan 26, 2021
Signals
2 dated events
- Bps Capital Management, Inc. reported RAUM $5.4B, up 39% from $3.9B (2021-01-26 to 2022-01-28)Jan 28, 2022 · RAUM change · derived
- Robert Gary Walen (Vp/Cfo/Cco) no longer on Schedule A of Bps Capital Management, Inc. (listed 2020-01-27, absent 2020-06-24)Jun 24, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- BPSCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-893-0177reportedpublic record, Form ADV, Jan 21, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.0Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026