Wealth manager, independent · Richfield, MN
Bearing Point Capital
Bearing Point Capital, LLC · SEC-registered investment adviser · CRD 332023 · SEC 801-130682
At a glance
Bearing Point Capital is an SEC-registered investment adviser based in Richfield, Minnesota, with $1.1B in regulatory assets under management as of its Form ADV filed August 11, 2026. It reports 229 individual clients, 95 of them high-net-worth, holding an average of about $4.8 million each, and 7 employees. That ranks it 994th among the nation’s 5,657 independent wealth management RIAs and 29th of 140 in Minnesota. It reports Raymond James as the custodian for its clients’ separately managed accounts.
Main office 952-800-6301bearingpointcap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #994 of 5,657
- Rank among all SEC RIAs
- #5,058 of 17,210
- Rank in Minnesota
- #29 of 140
- Individual clients
- 229
- High-net-worth clients
- 95
- Accounts
- 896
- Discretionary
- 100% of AUM
- Employees
- 7
- Advisory staff
- 4
- Offices
- 1
Owners and executives on its Form ADV
- Andrew S WarningChief Compliance Officer
- Patrick L. SmithPartner and Co-Founder
- Thomas M. HawleyPartner, Co-Founder and Chief Investment Officer
- Gregg R. HubertyPartner and Co-Founder
Custody and brokerage
Broker-dealer
No broker-dealer ties
Bearing Point Capital reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 95 | $1.0B | 91% |
| Individuals | 134 | $86M | 8% |
| Corporations or other businesses | 5 | $15M | 1% |
| Banking or thrift institutions | 2 | $1M | <1% |
Disciplinary disclosures
Bearing Point Capital reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗bearingpointcap.com ↗
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The full record on Bearing Point Capital
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 3,272 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Financial PerspectivesMinneapolis | $1.2B | 734 |
| Guardian Wealth Strategies, LLCMinneapols | $1.1B | 1,234 |
| Bluestem Wealth Partners, LLCMinnetonka | $1.1B | 1,679 |
| Parr McKnight Wealth Management GroupMinneapolis | $1.1B | 441 |
| Marquette Wealth ManagementMinnetonka | $1.1B | 211 |
| Everest Financial GroupMinneapolis | $1.0B | 1,940 |
Background
Questions
How much does Bearing Point Capital manage?
Bearing Point Capital reports $1.1B in regulatory assets under management across 896 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 11, 2026.
How many clients does Bearing Point Capital have?
It reports 229 individual clients: 95 high-net-worth individuals and 134 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Bearing Point Capital headquartered?
Its main office is in Richfield, Minnesota. It reports 1 office in total and 7 employees, 4 of whom perform investment advisory functions.
How does Bearing Point Capital charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Bearing Point Capital use?
It reports Raymond James as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 11, 2026, it reports these amounts held: Raymond James ($907M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Bearing Point Capital a hybrid RIA with a broker-dealer?
Bearing Point Capital reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Bearing Point Capital a fiduciary?
As an SEC-registered investment adviser, Bearing Point Capital owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Bearing Point Capital’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-11), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →