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.

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SEC-registered adviser

B••• A•••• M••••••••• L••••••

Other adviserMelbourne, CRD 146144SEC 801-69384websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 22, 2012 · 19 filings
SEC status approved since Jul 10, 2008
RAUM
$2.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
30
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$2.2B as of Mar 25, 2026
Mar 22, 2012$156M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 22, 20120 then
Employees (5.A)30 as of Mar 25, 2026
Feb 20, 201313 then
Private funds: no history
RAUM -29% over the last fiscal year-5.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$155MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
57%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-29%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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
  • is a broker-dealer (6.A.1)
  • 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
  • Pension and profit-sharing plans$1.2B53%
  • Pooled investment vehicles$786M36%
  • Corporations and businesses$140M6.4%
  • State and municipal entities$101M4.6%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
6reported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.36 institutional_share=0.57 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
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
      • B•••• N••• J••••• · Executive D•••••Or/Shareholdercontrol
        since 04/2007 · owns 10% to 25%
      • K••••• T••••••• J••• · Chief Compliance Officercontrol
        since 10/2024 · owns less than 5%
      • L•••••• M••••••• A••••• · Chief Executive Officercontrol
        since 04/2024 · owns less than 5%
      • B•••• A•••••• G••••• · Shareholdercontrol
        since 03/1998 · owns 25% to 50% of B••• G•••• H••••••• P•• L••••••
      • B•••• E••••• O• C••••• M••••• · Shareholdercontrol
        since 03/1998 · owns 25% to 50% of B••• G•••• H••••••• P•• L••••••
      • B•••• L••••• M••••• · Shareholdercontrol
        since 03/1998 · owns 25% to 50% of B••• G•••• H••••••• P•• L••••••
      • P•••••• D••••• A••••••• · Shareholdercontrol
        since 03/1998 · owns 25% to 50% of B••• G•••• H••••••• P•• L••••••
      • M••••••••• A••••• · Shareholder
        since 12/2017 · owns 5% to 10%
      • S•••••••• R•••••• B•••• · Shareholder
        since 12/2016 · owns 10% to 25%
      Entity owners
      • B••• A•••• M••••••••• H••••••• L•••••• · Shareholder
        direct · owns 50% to 75%
      • B••• G•••• H••••••• P•• L•••••• · Shareholder
        indirect · owns 25% to 50% of B••• A•••• M••••••••• H••••••• L••••••
      Related persons
      Schedule D 7.A
      Advisers that list B••• A•••• M••••••••• L•••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 25, 2026
        RAUM (Item 5.F) moved from $3,051,116,471 to $2,176,768,080 (-29.0%) between the annual amendments of 2025-03-25 and 2026-03-25; the peer median change was +11.0% (231 comparable advisers, 6.0th percentile of changes)
        peers: other advisers, $1B to $5B (231) · 5.7% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 19 to 14
        Mar 25, 2025 to Mar 25, 2026
      • Pension plan clients · 10 to 6
        Mar 25, 2025 to Mar 25, 2026
      • Discretionary RAUM · $3.1B to $2.2B
        Mar 25, 2025 to Mar 25, 2026
      • Pension RAUM · $1.7B to $1.2B
        Mar 25, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $1.0B to $786M
        Mar 25, 2025 to Mar 25, 2026
      • RAUM · $3.1B to $2.2B
        Mar 25, 2025 to Mar 25, 2026
      • Accounts · 18 to 19
        Oct 9, 2024 to Mar 25, 2025
      • Advisory employees · 9 to 10
        Oct 9, 2024 to Mar 25, 2025
      • Pension plan clients · 11 to 10
        Oct 9, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 5 to 6
        Oct 9, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Oct 9, 2024 to Mar 25, 2025
      • HQ state · unset to
        Oct 9, 2024 to Mar 25, 2025
      • Discretionary RAUM · $3.5B to $3.1B
        Oct 9, 2024 to Mar 25, 2025
      • Pension RAUM · $2.3B to $1.7B
        Oct 9, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $938M to $1.0B
        Oct 9, 2024 to Mar 25, 2025
      • RAUM · $3.5B to $3.1B
        Oct 9, 2024 to Mar 25, 2025
      • Corporate clients · unset to 1.0
        Mar 16, 2023 to Mar 25, 2024
      • Pension plan clients · 12 to 11
        Mar 16, 2023 to Mar 25, 2024
      • Discretionary RAUM · $2.6B to $3.5B
        Mar 16, 2023 to Mar 25, 2024
      • Pension RAUM · $1.8B to $2.3B
        Mar 16, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $681M to $938M
        Mar 16, 2023 to Mar 25, 2024
      • RAUM · $2.6B to $3.5B
        Mar 16, 2023 to Mar 25, 2024
      • Accounts · 16 to 18
        Mar 24, 2022 to Mar 16, 2023
      • Advisory employees · 8 to 9
        Mar 24, 2022 to Mar 16, 2023
      • Pension plan clients · 10 to 12
        Mar 24, 2022 to Mar 16, 2023
      • Employees · 25 to 30
        Mar 24, 2022 to Mar 16, 2023
      • Discretionary RAUM · $2.7B to $2.6B
        Mar 24, 2022 to Mar 16, 2023
      • Pension RAUM · $1.8B to $1.8B
        Mar 24, 2022 to Mar 16, 2023
      • Pooled vehicle RAUM · $749M to $681M
        Mar 24, 2022 to Mar 16, 2023
      • RAUM · $2.7B to $2.6B
        Mar 24, 2022 to Mar 16, 2023
      • Accounts · 9 to 16
        Mar 24, 2021 to Mar 24, 2022
      • Pension plan clients · 4 to 10
        Mar 24, 2021 to Mar 24, 2022
      • Pooled vehicle clients · 4 to 5
        Mar 24, 2021 to Mar 24, 2022
      • Discretionary RAUM · $2.0B to $2.7B
        Mar 24, 2021 to Mar 24, 2022
      • Pension RAUM · $1.5B to $1.8B
        Mar 24, 2021 to Mar 24, 2022
      • Pooled vehicle RAUM · $464M to $749M
        Mar 24, 2021 to Mar 24, 2022
      • RAUM · $2.0B to $2.7B
        Mar 24, 2021 to Mar 24, 2022
      • Accounts · 7 to 9
        Mar 20, 2020 to Mar 24, 2021
      • Pooled vehicle clients · 2 to 4
        Mar 20, 2020 to Mar 24, 2021
      • Discretionary RAUM · $1.7B to $2.0B
        Mar 20, 2020 to Mar 24, 2021
      Signals
      12 dated events
      • B••• A•••• M••••••••• L•••••• reported RAUM $2.2B, down 29% from $3.1B (2025-03-25 to 2026-03-25)
        Mar 25, 2026 · RAUM change · derived
      • John Timothy Kelly (Chief Compliance Officer) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Oct 9, 2024 · Control person joined · fact
      • Ashley Michael Lovett (Chief Executive Officer) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Oct 9, 2024 · Control person joined · fact
      • James Nicholas Fels (Chief Compliance Officer/Executive Director/Shareholder) no longer on Schedule A of B••• A•••• M••••••••• L•••••• (listed 2024-03-25, absent 2024-10-09)
        Oct 9, 2024 · Control person left · inference
      • B••• A•••• M••••••••• L•••••• reported RAUM $3.5B, up 36% from $2.6B (2023-03-16 to 2024-03-25)
        Mar 25, 2024 · RAUM change · derived
      • B••• A•••• M••••••••• L•••••• reported RAUM $2.7B, up 32% from $2.0B (2021-03-24 to 2022-03-24)
        Mar 24, 2022 · RAUM change · derived
      • B••• A•••• M••••••••• L•••••• reported RAUM $1.7B, up 27% from $1.4B (2019-03-19 to 2020-03-20)
        Mar 20, 2020 · RAUM change · derived
      • George Andrew Bell (Shareholder) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Mar 19, 2019 · Control person joined · fact
      • Morton Colin Bell (Shareholder) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Mar 19, 2019 · Control person joined · fact
      • Alastair David Provan (Shareholder) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Mar 19, 2019 · Control person joined · fact
      • Morton Lewis Bell (Shareholder) appeared on Schedule A of B••• A•••• M••••••••• L••••••
        Mar 19, 2019 · Control person joined · fact
      • B••• A•••• M••••••••• L•••••• reported RAUM $1.2B, up 380% from $240.5M (2017-03-28 to 2018-03-19)
        Mar 19, 2018 · RAUM change · derived
      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
      Firm profile
      H••••://WWW.LINKEDIN.COM/COMPANY/B•••-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      613 8637 6000reportedpublic record, Form ADV, Mar 25, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026