{"url":"https://nivawealth.com/firms/blue-chip-financial-advisors-119510","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/119510","regulatoryAum":104069000,"crd":"119510","secFileNumber":"801-137054","legalName":"Blue Chip Financial Advisors, LLC","displayName":"Blue Chip Financial Advisors","slug":"blue-chip-financial-advisors-119510","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"34 Hemingway Drive","city":"East Providence","state":"RI","stateName":"Rhode Island","country":"United States","postalCode":"02915"},"tradeNames":[],"registration":{"secApproved":"14 August 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":584657.3033707865,"staff":{"employees":5,"advisory":5,"brokerDealerReps":3,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":104069000,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":104069000,"nonDiscretionaryAccounts":342,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":153,"regulatoryAum":44166000},{"label":"High-net-worth individuals","clients":25,"regulatoryAum":59903000}],"feePrograms":[{"role":"main","program":"Assets Under Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051338","versionId":1051338,"ratePeriod":"not_stated","fee_billing":"arrears","submittedOn":"2026-07-10","documentName":"BLUE CHIP FINANCIAL ADVISORS, LLC ADV PART2A","fee_rate_low":0.5,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Financial planning is billed hourly, with charges not exceeding $250 per hour, agreed with the client in advance based on the complexity of the plan.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051338","versionId":1051338,"submittedOn":"2026-07-10","documentName":"BLUE CHIP FINANCIAL ADVISORS, LLC ADV PART2A"},{"role":"other","program":"Life Insurance on a Fee Basis","summary":"Non-commissionable life insurance contracts are provided on a fee basis, agreed before acceptance and not exceeding $10,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051338","versionId":1051338,"submittedOn":"2026-07-10","documentName":"BLUE CHIP FINANCIAL ADVISORS, LLC ADV PART2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:31:39.313528+00:00","documents":[{"name":"BLUE CHIP FINANCIAL ADVISORS, LLC ADV PART2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051338","versionId":1051338,"submittedOn":"2026-07-10"}]},"custodians":[],"custodyNote":"Blue Chip Financial Advisors does not have custody of client assets.","leadership":[],"ownership":[],"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Rhode Island","offices":1,"addresses":[{"street":"34 Hemingway Drive","city":"East Providence","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"401-435-4239","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Educational seminars/workshops"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":21},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":68},{"label":"Cash and cash equivalents","percent":9},{"label":"Other","percent":1,"detail":"Other Represents Alternative Investments (Reits, LLPS)"}],"privateFunds":0},"sources":{"adv1FilingDate":"19 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/119510/PDF/119510.pdf","brochureDate":"10 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051338","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Blue Chip Financial Advisors have?","answer":"Blue Chip Financial Advisors has 178 clients and manages $104 million for them, as of August 2026. They include 153 individual clients and 25 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blue Chip Financial Advisors offer?","answer":"Blue Chip Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Blue Chip Financial Advisors charge?","answer":"Blue Chip Financial Advisors charges 0.50%–1.50% for its Assets Under Management. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.","source":"BLUE CHIP FINANCIAL ADVISORS, LLC ADV PART2A, filed 10 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Blue Chip Financial Advisors have?","answer":"Blue Chip Financial Advisors has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Blue Chip Financial Advisors invest in?","answer":"At the end of its last fiscal year, Blue Chip Financial Advisors’ separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 9% cash and equivalents, 1% U.S. government and agency bonds and 1% other. The 1% other category is described as: Other Represents Alternative Investments (Reits, LLPS).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How does Blue Chip Financial Advisors get paid?","answer":"Blue Chip Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Blue Chip Financial Advisors registered with the SEC?","answer":"Yes, Blue Chip Financial Advisors has been registered with the SEC as an investment adviser since 14 August 2026. Its CRD number is 119510 and its SEC file number is 801-137054.","source":"Form ADV Part 1A, Item 1, filed 19 August 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Blue Chip Financial Advisors?","answer":"Blue Chip Financial Advisors’ main office is at 34 Hemingway Drive, East Providence, RI 02915. Its phone number is 401-435-4239.","source":"Form ADV Part 1A, Item 1.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}