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
Bg Investment Services, LLC
Latest filing Jul 15, 2026
First filing on the tape Nov 2, 2015 · 30 filings
SEC status approved since Nov 20, 2015
RAUM
$868M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
42%
$362M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$174M
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$868M as of Jul 15, 2026
Feb 8, 2016$0 then
HNW client RAUM$244M as of Jul 15, 2026
Jan 24, 2018$4.7M then
State-registered IARs (5.B.3)5 as of Jul 15, 2026
Feb 8, 20161 then
Employees (5.A)7 as of Jul 15, 2026
Feb 8, 20162 then
Private funds: no history
RAUM +97% over the last fiscal year+87% a year over threeIARs 2 to 5
Practice profile
derived from the filing of Jul 15, 2026; every figure names its basis
Archetypes, each a printed rule
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $174MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 131derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $859,012derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 9.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +97%derivedbetween the last two annual amendments
- Advisor growth, one year
- +150%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +61%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Wrap fee program
- $868MreportedItem 5.I
- Custody
- $20.3M, 28 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
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$380M44%
- High-net-worth individuals$244M28%
- Individuals$119M14%
- State and municipal entities$66.0M7.6%
- Banks and thrifts$41.5M4.8%
- Charitable organizations$14.2M1.6%
- Insurance companies$3.9M0.4%
- Individual clients
- 594reported
- HNW clients
- 62reported
- Pension plan clients
- n/areported
- Charitable clients
- 6reported
- Accounts
- 1,011reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $370M sponsored, $370M managedreported
- Custody of client assets
- $20.3M for 28 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.42 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Maree P SgroCertified Financial Planner | Hagatna | Feb 12, 2019 | 18 y | 5 |
| Justin Koh Johnson | Hagatna | Apr 24, 2024 | 12 y | 0 |
| Melanie Rose Mendiola | Hagatna | Jul 3, 2025 | 20 y | 1 |
| Justin Shigemi Naito | Hagatna | Jul 3, 2025 | 14 y | 1 |
| Paul MaChartered Financial Analyst | Hagatna | Jul 30, 2026 | 25 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Alexandra Renee Leon Guerrero to Alg FinancialJan 24, 2024 · RIA to a state-registered adviser
Joined, latest
- Paul Ma from Fidelity Institutional Wealth Adviser LLCJul 30, 2026 · RIA to RIA
- Melanie Rose Mendiola from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJul 3, 2025 · Wirehouse to independent RIA
- Maree P Sgro from Raymond James & Associates, Inc.Feb 12, 2019 · Affiliated broker-dealer or bank to independent RIA
- Alexandra Renee Leon Guerrero from Money Concepts Advisory ServiceMay 31, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Harvey Donald Clark · Chief Compliance Officercontrolsince 04/2024 · owns less than 5%
Entity owners
- Asc Trust, LLC · Ownerdirect · owns 75% or more
- Ada Family Trust · Ownerindirect · owns F of Asc Trust, LLC
- Bankguam Holding Company, Inc. · Ownerindirect · owns 50% to 75% of Asc Trust, LLC
- John Family Living Trust · Ownerindirect · owns F of Asc Trust, LLC
Related persons
Schedule D 7.A
- Bank Of Guamcustodiann
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hagatna | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Jan 22, 2026accounts (Item 5.F.2.f) moved from 645.0 to 1,011.0 (+57.0%) between the annual amendments of 2025-02-28 and 2026-01-22; the peer median change was +6.0% (1256 comparable advisers, 95.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,256) · 95% percentile
- client count surgeChange between filings · filing Jan 22, 2026individual and HNW clients (Item 5.D) moved from 407.0 to 656.0 (+61.0%) between the annual amendments of 2025-02-28 and 2026-01-22; the peer median change was +5.0% (1216 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,216) · 97% percentile
- RAUM up 50 %Change between filings · filing Jan 22, 2026RAUM (Item 5.F) moved from $439,937,545 to $868,461,096 (+97.0%) between the annual amendments of 2025-02-28 and 2026-01-22; the peer median change was +16.0% (1386 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $500M to $1B (1,386) · 98% percentile
What changed
consecutive filings, newest first
- Succession · true to falseJan 22, 2026 to Jul 15, 2026
- Accounts · 645 to 1,011Jun 10, 2025 to Jan 22, 2026
- Advisory employees · 2 to 5Jun 10, 2025 to Jan 22, 2026
- Business name · BG INVESTMENT SERVICES, INC. to BG INVESTMENT SERVICES, LLCJun 10, 2025 to Jan 22, 2026
- Charity clients · 5 to 6Jun 10, 2025 to Jan 22, 2026
- Corporate clients · 44 to 46Jun 10, 2025 to Jan 22, 2026
- HNW clients · 24 to 62Jun 10, 2025 to Jan 22, 2026
- Individual clients · 383 to 594Jun 10, 2025 to Jan 22, 2026
- Assets in custody · $144M to $20.3MJun 10, 2025 to Jan 22, 2026
- Employees · 5 to 7Jun 10, 2025 to Jan 22, 2026
- Insurance-licensed employees · 1 to 0Jun 10, 2025 to Jan 22, 2026
- State-registered IARs · 2 to 5Jun 10, 2025 to Jan 22, 2026
- Legal name · BG INVESTMENT SERVICES, INC. to BG INVESTMENT SERVICES, LLCJun 10, 2025 to Jan 22, 2026
- Organization form · Corporation to Limited Liability CompanyJun 10, 2025 to Jan 22, 2026
- Discretionary RAUM · $426M to $850MJun 10, 2025 to Jan 22, 2026
- HNW RAUM · $102M to $244MJun 10, 2025 to Jan 22, 2026
- Individual RAUM · $77.6M to $119MJun 10, 2025 to Jan 22, 2026
- Non-discretionary RAUM · $14.0M to $18.5MJun 10, 2025 to Jan 22, 2026
- RAUM · $440M to $868MJun 10, 2025 to Jan 22, 2026
- Succession · false to trueJun 10, 2025 to Jan 22, 2026
- Wrap assets (manager) · $300M to $370MJun 10, 2025 to Jan 22, 2026
- Wrap assets (sponsor) · $300M to $370MJun 10, 2025 to Jan 22, 2026
- Financial planning clients · 0 to 0Feb 28, 2025 to Jun 10, 2025
- Accounts · 458 to 645Oct 3, 2024 to Feb 28, 2025
- Advisory employees · 5 to 2Oct 3, 2024 to Feb 28, 2025
- Charity clients · 9 to 5Oct 3, 2024 to Feb 28, 2025
- Corporate clients · 23 to 44Oct 3, 2024 to Feb 28, 2025
- HNW clients · 25 to 24Oct 3, 2024 to Feb 28, 2025
- Individual clients · 245 to 383Oct 3, 2024 to Feb 28, 2025
- Assets in custody · $15.7M to $144MOct 3, 2024 to Feb 28, 2025
- Employees · 9 to 5Oct 3, 2024 to Feb 28, 2025
- Insurance-licensed employees · 0 to 1Oct 3, 2024 to Feb 28, 2025
- HQ state · unset to Oct 3, 2024 to Feb 28, 2025
- State-registered IARs · 5 to 2Oct 3, 2024 to Feb 28, 2025
- Discretionary RAUM · $175M to $426MOct 3, 2024 to Feb 28, 2025
- HNW RAUM · $48.4M to $102MOct 3, 2024 to Feb 28, 2025
- Individual RAUM · $22.2M to $77.6MOct 3, 2024 to Feb 28, 2025
- Non-discretionary RAUM · $11.3M to $14.0MOct 3, 2024 to Feb 28, 2025
- RAUM · $186M to $440MOct 3, 2024 to Feb 28, 2025
- Wrap assets (manager) · $175M to $300MOct 3, 2024 to Feb 28, 2025
Signals
7 dated events
- Bg Investment Services, Llc reported RAUM $868.5M, up 97% from $439.9M (2025-06-10 to 2026-01-22)Jan 22, 2026 · RAUM change · derived
- Bg Investment Services, Llc reported succeeding to the business of Bg Investment Services, Inc. (Form ADV Item 4)Jan 22, 2026 · Succession (Item 4) · fact
- Bg Investment Services, Llc reported RAUM $439.9M, up 136% from $186.2M (2024-10-03 to 2025-02-28)Feb 28, 2025 · RAUM change · derived
- Harvey Donald Clark (Chief Compliance Officer) appeared on Schedule A of Bg Investment Services, LlcApr 10, 2024 · Control person joined · fact
- Tomas Matias Danilo Rapadas (Chief Compliance Officer) no longer on Schedule A of Bg Investment Services, Llc (listed 2024-03-21, absent 2024-04-10)Apr 10, 2024 · Control person left · inference
- Alexandra Renee Leon Guerrero left Bg Investment Services, Llc for Alg Financial (registered 2024-07-08)Jan 24, 2024 · Advisor changed firm · fact
- Bg Investment & Insurance, Inc filed its initial SEC registration (Form ADV)Nov 2, 2015 · First SEC registration · fact
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
- Business phone
- 670-235-2724reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 671-477-2724reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 691-320-7470reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- asctrust.com/services/bgisreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 671-472-5490reportedpublic record, Form ADV, Jul 15, 2026
- Contact form
- asctrust.com/contactreportedpublished by the firm, firm site, Sep 15, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $174Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026