Blue Fin Capital, Inc. (Warren)

Name: Blue Fin Capital, Inc.
Address: 91 Main Street, Warren, RI, 02885
Telephone: 401-454-0772

Blue Fin Capital, Inc. is a large advisory firm based in Warren. It manages $237.87 million of regulatory assets for 463 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, Massachusetts, New York, and Rhode Island.

Blue Fin Capital provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blue Fin Capital: assets under management

The assets under management (AUM) of Blue Fin Capital, Inc. is $237.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 338% since the beginning of its operation, and $237.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $237.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $513.75 thousand each.

Blue Fin Capital has custody of $56.5 million in cash and securities for 67 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blue Fin Capital, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Clark Augustus Sammartino serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Clark Augustus Sammartino is high net worth individuals with 116 clients and $194.94 million of assets under management. Among the 10 most similar advisory firms, Blue Fin Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $236.92 million for 310 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Blue Fin Capital doesn't advise any private funds.

Careers at Blue Fin Capital, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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.

Clark Augustus Sammartino has been acting as President since 1 Feb 1996. Gregory Moran Hyman joined the executive team most recently as the Chief Operating Officer/ Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clark Augustus Sammartino	President	1 Feb 1996	Other	2299414
Richard Francis Carolan	Vice president	1 Feb 1996	50% - 75%	1544525
Mars Jonathan Bishop	Vice president/treasurer	1 Mar 1998	50% - 75%	1992757
Richard Francis Carolan	Chief compliance officer	1 Jun 2004	50% - 75%	1544525
Richard Francis Carolan	President	1 Mar 2017	50% - 75%	1544525
Gregory Moran Hyman	Chief operating officer/ chief compliance officer	1 Sep 2018	Other	5965438

Based in Warren

The principal office where Blue Fin Capital, Inc. performs its advisory services is located at 91 Main Street, Warren, RI 02885, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-454-0772 or by fax 401-621-7756. The normal business hours are 9:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at bluefincapital.com.