Blum Financial, LP (Dallas)

Name: Blum Financial, LP
Address: 14900 Landmark Blvd., Dallas, TX, 75254
Telephone: 214-727-6000

Blum Financial, LP is a large advisory firm based in Dallas. It manages $112.63 million of regulatory assets for 407 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Colorado and Texas.

Blum Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and estate planning & management services; business planning & management services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blum Financial: assets under management

The assets under management (AUM) of Blum Financial, LP is $112.63 million. The firm's AUM has grown by 310% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $109.36 million in discretionary accounts and $3.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $280.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $192.35 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blum Financial, LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blum Financial serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Blum Financial is high net worth individuals with 193 clients and $88.42 million of assets under management. Among the 9 most similar advisory firms, Blum Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.71 million for 405 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Blum Financial doesn't advise any private funds.

Careers at Blum Financial, LP

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Jacob Blum	Limited partner	1 Jan 2006	75% - 100%	2667312
Inc. Blum Management Group	General partner	1 Jan 2006	Other	20-4132407
Jenifer Smith Blum	Chief compliance officer	1 Jan 2013	Other	6160790

Based in Dallas

The principal office where Blum Financial, LP performs its advisory services is located at 14900 Landmark Blvd., Dallas, TX 75254, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-727-6000 or by fax 866-913-8315. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at awealthplan.com.