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SEC-registered adviser

B•• P••••••• L•••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 156149SEC 801-73836websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 22 filings
SEC status approved since Mar 30, 2012
RAUM
$6.1B
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
13
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$6.1B as of Mar 31, 2026
Mar 28, 2013$772M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)13 as of Mar 31, 2026
Mar 28, 20134 then
Private funds4 as of Mar 31, 2026
Mar 28, 20134 then
RAUM +8.2% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
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
$873MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+8.2%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$12.2M, 2 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$6.0B98%
  • Corporations and businesses$130M2.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$12.2M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.98 institutional_share=0.0 related_bd=false 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
      5 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • K•••••• J••••• G••••••• · Chief Financial Officer, Chief Compliance Officercontrol
        since 05/2017 · owns less than 5%
      • L••••••• M•••• N••••• · Chief Executive Officercontrol
        since 11/1993 · owns less than 5%
      • M•••••• J••••• R••••• · Chief Operating Officercontrol
        since 07/2019 · owns less than 5%
      • L••••••• M•••• N••••• · Shareholdercontrol
        since 08/1993 · owns 75% or more of B•• I•••
      Entity owners
      • B•• I••• · General Partner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • B•• G• H••••••• L•••••
        pooled vehicle sponsory
      • B•• I• G• L•••••
        pooled vehicle sponsory
      • B•• I• G• L•••••
        pooled vehicle sponsory
      • B•• P••••••• O• L•••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • Wayne, PA1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 10
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $10.0M to $12.2M
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 15 to 13
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $5.6B to $6.1B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $5.6B to $6.0B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $5.6B to $6.1B
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $9.3M to $10.0M
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $6.1B to $5.6B
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $6.1B to $5.6B
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $6.1B to $5.6B
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 8 to 7
        Jan 29, 2024 to Mar 29, 2024
      • Advisory employees · 8 to 11
        Jan 29, 2024 to Mar 29, 2024
      • Assets in custody · $10.1M to $9.3M
        Jan 29, 2024 to Mar 29, 2024
      • Employees · 12 to 15
        Jan 29, 2024 to Mar 29, 2024
      • Discretionary RAUM · $4.5B to $6.1B
        Jan 29, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $4.4B to $6.1B
        Jan 29, 2024 to Mar 29, 2024
      • RAUM · $4.5B to $6.1B
        Jan 29, 2024 to Mar 29, 2024
      • Advisory employees · 10 to 8
        Mar 31, 2022 to Mar 29, 2023
      • Assets in custody · $15.2M to $10.1M
        Mar 31, 2022 to Mar 29, 2023
      • Employees · 14 to 12
        Mar 31, 2022 to Mar 29, 2023
      • Discretionary RAUM · $4.9B to $4.5B
        Mar 31, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $4.8B to $4.4B
        Mar 31, 2022 to Mar 29, 2023
      • RAUM · $4.9B to $4.5B
        Mar 31, 2022 to Mar 29, 2023
      • Assets in custody · $1.8M to $15.2M
        Mar 30, 2021 to Mar 31, 2022
      • Employees · 13 to 14
        Mar 30, 2021 to Mar 31, 2022
      • Discretionary RAUM · $4.7B to $4.9B
        Mar 30, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $4.6B to $4.8B
        Mar 30, 2021 to Mar 31, 2022
      • RAUM · $4.7B to $4.9B
        Mar 30, 2021 to Mar 31, 2022
      • Advisory employees · 9 to 10
        Mar 30, 2020 to Mar 30, 2021
      • Assets in custody · $1.7M to $1.8M
        Mar 30, 2020 to Mar 30, 2021
      • Employees · 12 to 13
        Mar 30, 2020 to Mar 30, 2021
      • Other offices · 0 to 1
        Mar 30, 2020 to Mar 30, 2021
      • Discretionary RAUM · $2.4B to $4.7B
        Mar 30, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $2.3B to $4.6B
        Mar 30, 2020 to Mar 30, 2021
      • RAUM · $2.4B to $4.7B
        Mar 30, 2020 to Mar 30, 2021
      • Accounts · 7 to 8
        Sep 30, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 4 to 5
        Sep 30, 2019 to Mar 30, 2020
      • Assets in custody · $1.3B to $1.7M
        Sep 30, 2019 to Mar 30, 2020
      • Discretionary RAUM · $1.4B to $2.4B
        Sep 30, 2019 to Mar 30, 2020
      Signals
      7 dated events
      • B•• P••••••• L••• reported RAUM $6.1B, up 37% from $4.5B (2024-01-29 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • Matthew Perry (President) no longer on Schedule A of B•• P••••••• L••• (listed 2023-03-29, absent 2024-01-29)
        Jan 29, 2024 · Control person left · inference
      • B•• P••••••• L••• reported RAUM $4.7B, up 96% from $2.4B (2020-03-30 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • B•• P••••••• L••• reported RAUM $2.4B, up 70% from $1.4B (2019-09-30 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Robert Jason Mccune (Chief Operating Officer) appeared on Schedule A of B•• P••••••• L•••
        Sep 30, 2019 · Control person joined · fact
      • D Mitchell Kaye (Chief Operating Officer) no longer on Schedule A of B•• P••••••• L••• (listed 2019-03-28, absent 2019-09-30)
        Sep 30, 2019 · Control person left · inference
      • B•• P••••••• L••• reported RAUM $1.8B, up 49% from $1.2B (2017-05-04 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      w••.b••••.comreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      415-525-8800reportedpublic record, Form ADV, Mar 31, 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
      Asset manager (funds and pooled vehicles)deriveda 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