BPS CAPITAL MANAGEMENT, INC.

CRD 120006File 801-61019

APPROVED

Retail clients

Filing as of Jan 21, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$3.10B

Top 25% of cohort (national)

Discretionary AUM

Non-discretionary $3.10B

Clients

67 accounts

Employees

Top 25% of cohort in MN

Identity & registration

ADV Item 1

Organization form: Corporation
Firm type: Registered
SEC region: CHRO
Registration date: Mar 1, 2002
Principal office: 7900 INTERNATIONAL DRIVE, SUITE 1050, BLOOMINGTON, MN, 55425
Phone: 952-893-0177
Website: HTTP://WWW.BPSCAPITAL.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $3.10B
Discretionary AUM: $0
Non-discretionary AUM: $3.10B
Discretionary accounts: 0
Non-discretionary accounts: 67
Total accounts: 67
AUM per client: $43.1M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	4	$72.0M
Insurance companies	4	$238.3M
Charitable organizations	3	$42.4M
High net worth individuals	14	$81.3M
Banking or thrift institutions	46	$2.66B
State or municipal government entities	1	$12.4M

Compensation & activities

ADV Items 5E, 5G

Compensation

Other
Fixed fees
Other (described) — CAPPED FEES: AUM UNTIL CAP IS REACHED
A percentage of assets under your management

Advisory activities

Financial planning services
Portfolio management for businesses
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.