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
Bco Wealth Management, LLC
Latest filing Jul 17, 2026
First filing on the tape Jun 9, 2022 · 17 filings
SEC status approved since Jul 8, 2022
RAUM
$360M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
87%
$312M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$89.9M
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$360M as of Jul 17, 2026
Feb 9, 2023$241M then
HNW client RAUM$223M as of Jul 17, 2026
Feb 9, 2023$90.8M then
State-registered IARs (5.B.3)4 as of Jul 17, 2026
Feb 9, 20232 then
Employees (5.A)9 as of Jul 17, 2026
Feb 9, 20232 then
Private funds: no history
RAUM +20% over the last fiscal year+14% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Jul 17, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $89.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 132derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $306,710derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 9.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.4%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$223M64%
- Individuals$89.9M26%
- Charitable organizations$20.6M5.9%
- Pension and profit-sharing plans$15.2M4.3%
- Corporations and businesses$1.5M0.4%
- Individual clients
- 417reported
- HNW clients
- 109reported
- Pension plan clients
- 6reported
- Charitable clients
- 4reported
- Accounts
- 1,173reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.87 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=7.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Lyle Harley ColeChartered Financial Consultant | Carlsbad, Nm | Jul 8, 2022 | 34 y | 3 |
| John Milo Overstreet | Carlsbad, Nm | Jul 11, 2022 | 28 y | 3 |
| Bradley Nolan ColeCertified Financial Planner | Carlsbad, Nm | Mar 28, 2024 | 13 y | 0 |
| Benjamin James ColeCertified Financial Planner | Carlsbad, Nm | Jul 8, 2026 | 10 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
- John Milo Overstreet from Capital AnalystsJul 11, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Lyle Harley Cole from Capital AnalystsJul 8, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Capital AnalystsNov 4, 2022 · Carlsbad, Nm
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Harley Lyle Cole · Managing Membercontrolsince 05/2022 · owns 50% to 75%
- Milo John Overstreet · Managing Member, Chief Compliance Officercontrolsince 05/2022 · owns 50% to 75%
Related persons
Schedule D 7.A
- Burba, Cole & Overstreet LLCreal estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Carlsbad, Nm · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 3 to 4Mar 12, 2026 to Jul 17, 2026
- State-registered IARs · 3 to 4Mar 12, 2026 to Jul 17, 2026
- Advisory employees · 7 to 3Feb 9, 2026 to Mar 12, 2026
- BD registered reps · 6 to 7Feb 9, 2026 to Mar 12, 2026
- State-registered IARs · 7 to 3Feb 9, 2026 to Mar 12, 2026
- Accounts · 1,111 to 1,173Sep 3, 2025 to Feb 9, 2026
- BD registered reps · 5 to 6Sep 3, 2025 to Feb 9, 2026
- Charity clients · 5 to 4Sep 3, 2025 to Feb 9, 2026
- Corporate clients · 3 to 4Sep 3, 2025 to Feb 9, 2026
- HNW clients · 84 to 109Sep 3, 2025 to Feb 9, 2026
- Individual clients · 440 to 417Sep 3, 2025 to Feb 9, 2026
- Pension plan clients · 4 to 6Sep 3, 2025 to Feb 9, 2026
- Discretionary RAUM · $300M to $359MSep 3, 2025 to Feb 9, 2026
- HNW RAUM · $176M to $223MSep 3, 2025 to Feb 9, 2026
- Individual RAUM · $92.6M to $89.9MSep 3, 2025 to Feb 9, 2026
- Non-discretionary RAUM · $0 to $1.1MSep 3, 2025 to Feb 9, 2026
- Pension RAUM · $12.1M to $15.2MSep 3, 2025 to Feb 9, 2026
- RAUM · $300M to $360MSep 3, 2025 to Feb 9, 2026
- Advisory employees · 3 to 7Feb 24, 2025 to Sep 3, 2025
- Employees · 7 to 9Feb 24, 2025 to Sep 3, 2025
- State-registered IARs · 3 to 7Feb 24, 2025 to Sep 3, 2025
- Accounts · 1,072 to 1,111Sep 16, 2024 to Feb 24, 2025
- Charity clients · 3 to 5Sep 16, 2024 to Feb 24, 2025
- Corporate clients · 0 to 3Sep 16, 2024 to Feb 24, 2025
- HNW clients · 63 to 84Sep 16, 2024 to Feb 24, 2025
- Individual clients · 443 to 440Sep 16, 2024 to Feb 24, 2025
- Pension plan clients · 3 to 4Sep 16, 2024 to Feb 24, 2025
- Financial planning clients · 26-50 to 251-500Sep 16, 2024 to Feb 24, 2025
- Discretionary RAUM · $267M to $300MSep 16, 2024 to Feb 24, 2025
- HNW RAUM · $124M to $176MSep 16, 2024 to Feb 24, 2025
- Individual RAUM · $118M to $92.6MSep 16, 2024 to Feb 24, 2025
- Pension RAUM · $10.3M to $12.1MSep 16, 2024 to Feb 24, 2025
- RAUM · $267M to $300MSep 16, 2024 to Feb 24, 2025
- Advisory employees · 2 to 3Jan 29, 2024 to May 1, 2024
- Employees · 8 to 7Jan 29, 2024 to May 1, 2024
- State-registered IARs · 2 to 3Jan 29, 2024 to May 1, 2024
- Accounts · 1,062 to 1,072Jun 9, 2023 to Jan 29, 2024
- BD registered reps · 2 to 5Jun 9, 2023 to Jan 29, 2024
- HNW clients · 51 to 63Jun 9, 2023 to Jan 29, 2024
- Individual clients · 444 to 443Jun 9, 2023 to Jan 29, 2024
Signals
2 dated events
- 2 advisors left Capital Analysts (Carlsbad, NM) for Bco Wealth Management, LLC on the same dayNov 4, 2022 · Team lift-out · derived
- Bco Wealth Management, Llc filed its initial SEC registration (Form ADV)Jun 9, 2022 · 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
- 575-885-0572reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 575-887-2013reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- bco-wealth.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 575-887-2013reportedpublic record, Form ADV, Jul 17, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $89.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026