Frequently Asked Questions
What to Expect When Working With Us
Getting Started
Bishop Capital Advisors works with individuals and families who have outgrown a model portfolio and want a private advisor to manage their investments and help coordinate the financial decisions around them. Our services are designed for high-net-worth individuals and families whose finances involve several moving parts.
Clients often come to us when they:
- Hold a concentrated stock position or investments with large unrealized gains
- Own a business and are planning a sale or succession, or have recently sold
- Are approaching retirement and need their portfolio to fund their spending
- Have received, or expect to receive, an inheritance
- Are planning to transfer wealth to children or grandchildren
- Hold accounts at several institutions and want them considered as one plan
- Want long-term growth with deliberate attention to downside risk
- Divide their time between Florida and another state
What these clients share is a preference for a private advisor who researches their questions, works alongside their CPA and estate attorney, and follows through on decisions, so they don't have to coordinate everything themselves.
Whether your immediate priority is your investment portfolio or a broader financial decision, we can begin there and build the relationship around your needs.
Yes. Bishop Capital Advisors is based in Boca Raton, Florida, and works with individuals and families in other states. Through video meetings, phone calls, and secure document sharing, we provide customized investment management, financial planning, and personal CFO support without requiring regular visits to our office.
Whether you live outside Florida year-round or divide your time between states, we can stay connected through scheduled reviews and ongoing conversations as financial questions arise.
Advisory services are offered in states where we are registered or qualify for an applicable exemption.
Yes. Bishop Capital Advisors is an independent investment advisory firm based in Boca Raton, Florida. We offer customized investment management, financial planning, and personal CFO services to individuals and families in Boca Raton, Delray Beach, and throughout Palm Beach County.
Our office is located at 301 Yamato Road, Suite 1140, Boca Raton, FL 33431. Our approach is designed for people who want personalized portfolio management and ongoing help connecting their investments with retirement planning, cash needs, and other important financial decisions.
Bishop Capital Advisors is an independent investment advisory firm that combines customized investment management, wealth planning, and personal CFO support. Our approach emphasizes:
- An advisory fee that includes more than portfolio management. Our fee is based on the assets we manage and includes ongoing wealth planning, personal CFO support, and coordination with your CPA and attorney. Our fee schedule is published on this page.
- Customized investment selection. We have no proprietary funds to favor. We select investments based on your goals, existing holdings, tax considerations, income needs, and comfort with risk.
- Separate custody. Your assets are held in your name at Charles Schwab, an independent custodian. We manage them under the authority you grant us, and Schwab sends your statements directly.
- Advice connected to your broader financial life. Your portfolio strategy informs our work on retirement, major purchases, borrowing, and family priorities. We research options, explain the trade-offs, and help follow through on decisions.
Large banks and brokerage firms offer advantages of their own, such as in-house lending, trust services, and specialist teams. If you use those services, we can work alongside your bank, lender, or trust company to help keep your investments and broader financial decisions coordinated.
Perry Bean, founder and private advisor at Bishop Capital Advisors, works with you on investment strategy, financial planning, and the broader decisions that affect your financial life.
Perry began his financial services career in 2007 and worked at major financial institutions and independent advisory firms before founding Bishop Capital Advisors in 2023. His approach combines investment judgment, personal attention, and resourcefulness in researching options and helping clients follow through on decisions.
Lauren Byrne handles onboarding, account administration, transfers, and ongoing service requests: the practical work of opening accounts, moving assets, and keeping your financial matters organized.
We schedule reviews at least twice a year, with additional conversations as your needs and circumstances change. These meetings give us time to review your portfolio, revisit your priorities, and address upcoming decisions. Between reviews, we're in touch whenever something needs attention. Because our work extends beyond the portfolio, most clients hear from us regularly.
Fees, Custody & Fiduciary Duty
Yes. As your investment advisor, we have a fiduciary duty to act in your best interests. We base our advice on your goals and circumstances, and disclose material conflicts of interest so you can make informed decisions about working with us.
Our advisory fee is based on the assets we manage for you and includes:
- Customized investment management built around your goals, income needs, and tax situation.
- Ongoing financial planning for retirement, major purchases, and support for loved ones.
- Personal CFO support to help organize your financial life, plan for cash needs, evaluate borrowing options, and follow through on decisions.
- Coordination with your CPA, estate attorney, and other professionals to help keep your financial decisions aligned.
- Regular reviews and ongoing access to advice as questions arise and your circumstances change.
| Client Assets | Annual Fee |
|---|---|
| First $1 million | 1.00% |
| Next $4 million | 0.80% |
| Next $5 million | 0.60% |
| Next $10 million | 0.40% |
| Above $20 million | 0.20% |
Each rate applies only to the assets within that tier. Your blended fee percentage decreases as the assets we manage for you increase.
Our typical starting relationship is $1 million in assets under management. We may begin with a smaller amount when there is a good fit and an expectation that the relationship will grow over time.
We understand that you may want to get to know us before making a larger commitment. An initial conversation can help us understand your circumstances, what you’re looking for, and whether a gradual transition makes sense.
Your investment accounts are held in your name, or the name of your trust or other entity, at Charles Schwab, our independent custodian. Bishop Capital Advisors manages your investments under the authority you grant us. You receive statements directly from Schwab and can view your accounts anytime through Schwab’s website or mobile app.
Investment Management
We build your portfolio around your goals, income needs, time horizon, tax situation, and comfort with risk. Your existing investments and the potential tax costs of making changes are part of that process. Depending on your needs, we may combine individual stocks, ETFs, bonds, and strategies designed to manage a portion of the downside. We monitor your portfolio and adjust it as opportunities, risks, and your circumstances change.
Bishop Capital Advisors considers taxes when building and managing your portfolio. We review your existing investments, cost basis, account types, and cash needs to understand the potential tax consequences of investment decisions.
Depending on your circumstances, this may include harvesting investment losses, considering the timing of sales, gradually diversifying appreciated holdings, and evaluating which investments to hold in taxable or retirement accounts. We weigh these decisions alongside your goals, diversification needs, and investment risk.
With your permission, we coordinate with your CPA on decisions that affect both your portfolio and your tax situation, including significant sales, retirement withdrawals, and charitable gifts. Your CPA provides tax advice; we help connect that guidance to your investment strategy and account decisions.
Yes. Bishop Capital Advisors helps individuals and families evaluate concentrated stock positions and investments with significant unrealized capital gains. We review what you own, your cost basis, and how each holding fits your goals, cash needs, and overall portfolio.
We then develop a transition plan that weighs the benefits of diversification against the potential tax costs of selling. Depending on your circumstances, that may include retaining selected investments, reducing a position gradually, or coordinating sales with other financial decisions.
We work with your CPA when tax planning is involved, helping connect the investment strategy with your broader financial plan.
Downside-managed investing means allocating a portion of your portfolio to investments designed to limit certain market losses while retaining opportunities for growth or income. We may use buffer ETFs or structured notes, depending on your needs. These investments involve trade-offs, which can include capped returns, holding-period requirements, and issuer credit risk. Protection is subject to each investment’s terms and limits; losses are still possible.
Wealth Planning
Yes. Bishop Capital Advisors manages accounts owned by individuals, revocable and irrevocable trusts, family LLCs and partnerships, and retirement accounts, and considers them together as one family plan.
Each account is managed for its own purpose. A trust may have distribution requirements or a multigenerational time horizon. Retirement and taxable accounts may hold different investments because of how each is taxed. An entity may have its own liquidity needs. We coordinate those differences so the overall portfolio stays aligned with your goals.
We also help confirm that account titling and beneficiary designations reflect your estate plan, since a trust governs only the assets actually transferred to it. When a trust has an outside trustee, we work with the trustee as well. With your permission, we coordinate with your estate attorney and CPA, who provide the legal and tax advice.
Yes. Bishop Capital Advisors helps business owners plan before and after a sale. Much of the most valuable planning happens well before a deal is signed.
Before a sale, we help you understand what the proceeds need to support, including your spending, family goals, and future investments. We work with your CPA and attorney on decisions that are difficult to revisit later, such as transferring shares to family trusts or charitable vehicles, how the sale's structure affects taxes, and whether qualified small business stock (QSBS) rules may apply.
After a sale, we help set aside cash for taxes and near-term needs, invest the proceeds on a schedule that fits your circumstances, and coordinate the new wealth with your estate plan. A sale can also change how much risk you need to take. We help you decide what your portfolio needs to do now that the business is no longer your largest asset.
Yes. Bishop Capital Advisors helps families decide how much to transfer, when, and in what form, while keeping their own financial security first.
We start by confirming what your own lifestyle requires. Then we evaluate what can be given during your lifetime versus through your estate. That may include annual gifts, funding trusts, gifting appreciated investments, helping an adult child buy a home, or saving for education. With your permission, we coordinate with your estate attorney and CPA on gift and estate tax considerations, and we help implement the investment and account steps.
Preparing the next generation matters as much as the transfer itself. When you'd like, we can meet with your children to explain how the family's accounts and plans work and help them build their own financial habits.
Yes. Bishop Capital Advisors helps individuals and families support the causes they care about while considering the tax effects of how and when they give.
Depending on your circumstances, this may include:
- Donating appreciated investments instead of cash
- Using a donor-advised fund to make a larger contribution in one year and recommend grants over time
- Making qualified charitable distributions from IRAs after age 70½
- Coordinating with your attorney on charitable trusts or a private foundation
Gifting appreciated stock can also help reduce a concentrated position. We fit your charitable plans into your overall portfolio and cash flow, and with your permission, we coordinate with your CPA on deductions and timing.
Yes. Bishop Capital Advisors helps individuals and families turn wealth held in different accounts into sustainable, tax-aware retirement income, while considering what they want to leave to family and charity.
We start with how much you plan to spend and what your resources can support over time. Then we plan where each year's income comes from. That may include:
- Deciding the order of withdrawals from taxable accounts, IRAs, Roth accounts, and trusts
- Using lower-income years for Roth conversions before required minimum distributions begin
- Planning required minimum distributions, including directing part of them to charity through qualified charitable distributions
- Timing Social Security alongside portfolio withdrawals
- Setting aside cash for upcoming spending to reduce the need to sell investments during a market decline
Trust distributions follow the trust's terms and can be taxed differently from withdrawals out of personal accounts, so we coordinate them with the rest of your plan. We also consider which assets are better to spend and which may be better to leave to heirs. For example, under current law, appreciated investments may receive a step-up in cost basis at death.
With your permission, we coordinate with your CPA on the tax details. As markets, spending, and tax rules change, we revisit the plan and adjust it.
Yes. Bishop Capital Advisors helps individuals and families plan for an expected inheritance or decide how to manage assets they have already received.
We review inherited cash, investments, and retirement accounts alongside your existing finances and goals. This may include evaluating whether to keep or sell inherited investments, setting aside money for upcoming needs, and considering how the inheritance could support retirement, family members, charitable giving, or other priorities.
With your permission, we coordinate with your CPA and estate attorney when tax, distribution, or account ownership questions affect your financial decisions.
An inheritance can also come during an emotional time. You do not need to arrive with every goal figured out. We help organize the decisions, identify matters that need timely attention, and develop a plan at a pace that fits your circumstances.
Personal CFO Services
Yes. Bishop Capital Advisors combines customized investment management, financial planning, and Personal CFO services in a family office approach for individuals and families.
We help you plan for cash needs, evaluate how to fund major purchases, compare borrowing options, and understand how accounts and assets held elsewhere fit into your overall plan. With your permission, we also coordinate with your CPA, estate attorney, and other professionals on tax planning, gifting, and estate decisions.
Our role includes researching options, organizing next steps, and helping follow through on investment and account matters. Your CPA and attorney provide tax and legal advice. Personal CFO support is included in our ongoing advisory fee.
Yes. Bishop Capital Advisors helps individuals and families decide how to fund major expenses, such as a second home, a business investment, or a large family gift, while considering their investments, taxes, and ongoing cash needs.
We compare the trade-offs of each funding source:
- Cash: Simple, but it may reduce reserves you rely on for flexibility.
- Selling investments: This may trigger capital gains taxes and change your portfolio's allocation.
- A mortgage: Longer-term financing secured by real estate, with an underwriting process.
- A securities-based line of credit: Borrowing against your portfolio, often quickly and without selling. Rates are usually variable, and a market decline can require you to add collateral or repay part of the loan.
We also consider how the interest may be treated for taxes, how long you expect to carry the loan, and how much flexibility each option leaves you. Often the answer combines sources, such as borrowing in the short term and repaying over time from planned sales or income.
Because our fee is based on the assets we manage, we have an incentive to favor borrowing over selling. We disclose that and base our recommendation on your circumstances.
With your permission, we coordinate with your lender and CPA and help organize the next steps. This work is part of our Personal CFO support.
Yes. With your permission, we work with your CPA, attorney, and other professionals to help coordinate your investment and planning decisions. This may include discussing upcoming tax needs, reviewing account ownership and beneficiaries, or helping implement gifting and estate strategies. Your CPA and attorney provide the tax and legal advice; we help connect that advice to your financial picture and follow through on investment and account-related steps.