Firm profile

Bias Investors

HAMILTON, BermudaCRD 120715Registration Status: ApprovedEffective since July 12, 2002SEC # 801-61310Latest ADV October 2, 2026

Bias Investors is an SEC registered investment adviser organized as a corporation with a primary office location in Hamilton, Bermuda. Its latest Form ADV filing, dated September 29, 2025, reports $257M in regulatory assets under management, 6 employees, 2 offices, and 202 accounts.

Assets Under Management
$271M
Employees
6
Offices
2 offices
Total Clients
202

Associated firm names

2 names listed
  • BERMUDA INVESTMENT ADVISORY SERVICES LIMITED
  • BIAS INVESTORS

Leadership

2 roles identified
CEORobert R. Pires
CCOPaul W. Felsch

Advisory services offered

5 types reported
Financial Planning Services
Pension consulting services
Portfolio management for businesses

Fee models offered

1 types reported
Asset based fees

Offices & Contact

Primary office

HAMILTON, Bermuda

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Bermuda

HAMILTONPrimary office

1 office records listed · 2 total offices reported. 1 additional office addresses are undisclosed and are not mapped. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$271Mas of October 2, 2026
Discretionary56.8%
$154M
57% of total RAUM56.8%
Non-discretionary43.2%
$117M
43% of total RAUM43.2%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentIndividuals represent 67.8% of total clients.
Top client categories% of clientsClients
1
Individuals
67.8%
137
2
HNWI
27.7%
56
3
Charitable
2.0%
4
4
Pooled Investment Vehicles
1.5%
3
5
Pension Plans
1.0%
2
Categories with <5 clients
Pension and profit sharing plans<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$271M
Total Accounts212
10Y AUM Change+$42M (+19.6%)

Private Funds

Private funds reported by Bias Investors

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees6
Clients per Employee34:1
10Y Employee Change-3 (-33.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.

Current profile metrics reflect a newer SEC ADV filing than the latest point shown in the historical chart. The chart will update once that filing is added to the ADV history dataset.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
ROBERT REESE PIRESDirect owner · Schedule AInterest in BIAS INVESTORS
75%+
FLAVIO TRUSTDirect owner · Schedule AInterest in BIAS INVESTORS
75%+
ADASTRA INTERNATIONAL LIMITEDDirect owner · Schedule AInterest in BIAS INVESTORS
5% to < 10%
FLAVIO HOLDINGS (CAYMAN) LTDDirect owner · Schedule AInterest in BIAS INVESTORS
5% to < 10%
MARK JOSEPH MELVINDirect owner · Schedule AInterest in BIAS INVESTORS
< 5%
ROBERT REESE PIRESIndirect owner · Schedule BInterest in FLAVIO TRUST
75%+
MARK JOSEPH MELVINIndirect owner · Schedule BInterest in ADASTRA INTERNATIONAL LIMITED
75%+
ROBERT REESE PIRESIndirect owner · Schedule BInterest in FLAVIO HOLDINGS (CAYMAN) LTD
75%+

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Bias Investors.

Reported ownership and control details

Form ADV · Filing date 2026-10-02 · Schedules A and B

11 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1MARK JOSEPH MELVINSHAREHOLDERIndividualBIAS INVESTORSLess than 5%Code NANoSHAREHOLDER08/1994Schedule APDF page 21
2ROBERT REESE PIRESCEO/CCOIndividualBIAS INVESTORS75% or moreCode EYesCEO/CCO04/1992Schedule APDF page 21
3GUN INGELA MARGARETA PERSSONDIRECTORIndividualBIAS INVESTORSLess than 5%Code NAYesDIRECTOR02/2019Schedule APDF page 21
4KENNETH BLANDFORD LOCKYERDIRECTORIndividualBIAS INVESTORSLess than 5%Code NAYesDIRECTOR11/2021Schedule APDF page 21
5DOYLE AINSWORTH DALLYDIRECTORIndividualBIAS INVESTORSLess than 5%Code NAYesDIRECTOR08/2022Schedule APDF page 21
6ADASTRA INTERNATIONAL LIMITEDOWNERForeign entityBIAS INVESTORS5% to less than 10%Code ANoOWNER01/2006Schedule APDF page 21
7FLAVIO TRUSTOWNERForeign entityBIAS INVESTORS75% or moreCode ENoOWNER01/2003Schedule APDF page 21
8FLAVIO HOLDINGS (CAYMAN) LTDOWNERForeign entityBIAS INVESTORS5% to less than 10%Code ANoOWNER11/2016Schedule APDF page 21
9ROBERT REESE PIRESOWNERIndividualFLAVIO TRUST75% or moreCode EYesOWNER10/2016Schedule BPDF page 22
10MARK JOSEPH MELVINOWNERIndividualADASTRA INTERNATIONAL LIMITED75% or moreCode ENoOWNER01/2026Schedule BPDF page 22
11ROBERT REESE PIRESOWNERIndividualFLAVIO HOLDINGS (CAYMAN) LTD75% or moreCode EYesOWNER01/2026Schedule BPDF page 22

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 9/29/2025 9:27:21 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.