Bishop & Co Investment Management

What Bishop & Co Investment Management does

Bishop & Co Investment Management (legal entity Bishop & Company Investment Management, LLC) is an independent, fee-only registered investment advisor founded circa 2006 and headquartered at 1250 Tower Lane, Suite 101, Erie, Pennsylvania. The firm operates under a fiduciary standard and provides a unified suite of wealth management services — Investment Management, Financial Planning & Strategy, Legacy & Wealth Transfer Guidance, and Personal Relationship & Fiduciary Care — to legacy-minded families, business owners, disciplined long-term investors, and relationship-focused individuals. The firm reports $440M in assets under management (AUM) and serves clients across 23 U.S. states from its single Erie headquarters, suggesting a remote-enabled advisory model layered on top of local in-person availability.

The business model is recurring revenue: Bishop & Co charges advisory fees scaled to client AUM and does not earn commissions or transaction-based compensation. Client accounts are custodied at Charles Schwab through the Schwab Alliance platform, and the firm participates in the Schwab Advisor Network for qualified referrals. There is no proprietary technology platform; service delivery is relationship-driven, with personal consultations, phone and website-form intake, in-person meetings, and a 'seamless asset transition' onboarding process for clients moving from prior custodians. The go-to-market motion is sales-led and referral-based, supported by educational content including 'The Fiduciary's Edge' podcast hosted by Michael W. Bishop, CFA and Michael H. Bishop, ESQ., CFP®.

Leadership is concentrated in the Bishop family: Co-Founder & CEO Michael W. Bishop, CFA; Co-Founder & Chief Operating Officer Maureen A. Bishop; and Associate Advisor Michael H. Bishop, ESQ., CFP®. The team combines CFA, CFP®, and legal credentials across investment, financial planning, and estate practice areas. The firm is privately held with no external parent or institutional investor, operating independently with no disclosed funding rounds, M&A activity, or expansion beyond the multi-state service footprint and content ecosystem already in place.

Name

Bishop & Co Investment Management

Legal name

Bishop & Company Investment Management, LLC

Website

https://bishopinvestmentmanagement.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Bishop & Co Investment Management is an independent, fee-only registered investment advisor in Erie, PA, providing fiduciary investment management, financial planning, and legacy wealth transfer services to families, business owners, and individuals across 23 U.S. states, managing $440M in AUM.

Ownership category

akta.pro rank

Product category

Wealth Management & Investment Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

Keywords

• Fiduciary investment management
• Wealth management services
• Financial planning advisory
• Legacy wealth transfer
• Retirement planning guidance

Headquarters

HQ city

Erie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Advisory Fees (AUM-based): The firm manages $440M in assets under management, likely charging advisory fees based on assets under management (AUM). As a registered investment advisor operating under fiduciary standard, the revenue is derived from client portfolio management fees rather than commissions or transaction-based compensation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Bishop & Co Investment Management is an independent, fee-only Registered Investment Advisor (RIA) that provides disciplined, fiduciary investment management and comprehensive financial planning services for families, business owners, and individuals. The firm manages $440 million in assets under management for clients across 23 U.S. states, with a long-term, principles-based approach spanning portfolio management, retirement and tax planning, liquidity event guidance, and legacy/wealth transfer services. Client accounts are custodied at Charles Schwab, while the firm focuses on personalized advisory relationships and behavioral coaching.

Product overview

Bishop & Co Investment Management offers a unified wealth management and investment advisory service focused on fiduciary principles. The core offering comprises Investment Management, Financial Planning & Strategy, Legacy & Wealth Transfer Guidance, and Personal Relationship & Fiduciary Care services. The firm also operates The Fiduciary's Edge Podcast as an educational resource. Services are provided through an independent, client-focused advisory model with Charles Schwab as the custodial platform.

Differentiator

Problem solved

Functional benefit

Brands

• The Fiduciary's Edge: A podcast hosted by the Bishop family that provides tactical investment insights, discusses market trends, and demystifies the investing world for listeners. Episodes cover topics like estate planning, retirement planning, cryptocurrency, tariffs, tech, and investor behavior.

Products and services

• Investment Management
• Financial Planning & Strategy
• Legacy & Wealth Transfer Guidance
• Personal Relationship & Fiduciary Care
• The Fiduciary's Edge Podcast

Quantifiable outcome

• $440M in assets under management managed for clients

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Charles SchwabcoreTechnology or IntegrationCharles Schwab serves as the custodial partner for client accounts through Schwab Alliance. Bishop & Co operates independently and is not affiliated with Schwab; however, Schwab provides brokerage and account services for the firm's clients. The firm participates in the Schwab Advisor Network, which may provide referral opportunities for compatible clients seeking fee-only advisory services.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Creative Planning: One of the largest independent, fee-only RIAs in the U.S., offering comprehensive wealth management including investment, tax, estate, and retirement planning. Comparable fiduciary-only model and HNW/family focus, but with vastly greater scale, technology, and national footprint.
• Edelman Financial Engines: Large national RIA combining traditional advisory services with technology-enabled planning and portfolio management for HNW households. Comparable target market and fee model; represents the tech-enabled scale competitor Bishop & Co faces.
• Fisher Investments: Large independent RIA primarily serving HNW individuals and institutional clients with discretionary portfolio management. Comparable in independent, fee-based model but with much larger AUM, broader institutional reach, and more centralized investment process.

Direct peers

• Plancorp: Fee-only RIA serving HNW families, business owners, and foundations with investment management, financial planning, and family office services. Similar in scale (sub-$1B AUM at times), independence, and emphasis on comprehensive fiduciary advice.
• Buckingham Strategic Wealth: Independent, fee-only RIA providing comprehensive wealth management, financial planning, and behavioral coaching to HNW individuals and families nationwide. Highly comparable to Bishop & Co in business model (fee-only fiduciary, planning-led, AUM-based) and target client.
• Carson Wealth: National RIA platform serving HNW families and business owners with holistic wealth management, including legacy and estate planning. Comparable in target segments (legacy-minded families, business owners) and fee-only fiduciary model, though larger and more multi-office.
• Foster Group: Independent, fee-only RIA offering portfolio management and financial planning to individuals, families, and institutions. Comparable in client base, fee model, and emphasis on fiduciary, planning-led wealth management.
• Mariner Wealth Advisors: Large national RIA offering investment management, financial planning, tax, and estate services to HNW families and business owners. Overlaps with Bishop & Co in legacy/wealth-transfer positioning and family-office-style service, though at significantly greater scale.
• Modera Wealth Management: Fee-only RIA providing comprehensive financial planning, investment management, and tax services to HNW households. Comparable in fiduciary-only model, family-wealth focus, and planning-led offering.

Others

• Schwab Intelligent Portfolios / Schwab Advisor Services: Schwab serves as Bishop & Co's custodial partner and also operates a digital advisory (robo) platform and advisor referral network. Relevant as both an infrastructure enabler and a digital competitor shaping fee compression in the RIA market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bishop & Co Investment Management