{"url":"https://nivawealth.com/firms/blue-sky-investment-partners-145318","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/145318","regulatoryAum":118017737,"crd":"145318","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5430365","suffix":null,"lastName":"WILLMAN","firstName":"MICHAEL","middleName":"ROBERT"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136202","legalName":"Blue Sky Investment Partners, Inc.","displayName":"Blue Sky Investment Partners","slug":"blue-sky-investment-partners-145318","website":"https://blueskyinvestments.net/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Illinois corporation","fiscalYearEnd":"December","headquarters":{"street":"1609 Sherman Ave., #204","city":"Evanston","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60201"},"tradeNames":[],"registration":{"secApproved":"8 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1932704.6557377048,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":118017737,"discretionary":118017737,"discretionaryAccounts":62,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":26,"regulatoryAum":13104074},{"label":"High-net-worth individuals","clients":35,"regulatoryAum":104790910},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":122753}],"feePrograms":[{"role":"main","program":"Wealth management service","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054743","versionId":1054743,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-08-13","documentName":"BLUE SKY INVESTMENT PARTNERS, INC.","fee_rate_low":0.7,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning","summary":"Project-quoted fees with a $5,000 minimum, half billed in advance; Portfolio Management Plus adds a one-time fee of $1,500 to $2,500.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054743","versionId":1054743,"submittedOn":"2026-08-13","documentName":"BLUE SKY INVESTMENT PARTNERS, INC."}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:39:02.80349+00:00","documents":[{"name":"BLUE SKY INVESTMENT PARTNERS, INC.","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054743","versionId":1054743,"submittedOn":"2026-08-13"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":118017737}],"custodyNote":"Blue Sky Investment Partners does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Willman","title":"President & Chief Compliance Officer","crd":"5430365"}],"ownership":[{"label":"Michael Willman","detail":"President & chief compliance officer in the 75% or more ownership band and a control person, since September 2007."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"1609 Sherman Ave., #204","city":"Evanston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-864-5070","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":40},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":59},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"9 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/145318/PDF/145318.pdf","brochureDate":"13 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1054743","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 Sky Investment Partners have?","answer":"Blue Sky Investment Partners has 62 clients and manages $118 million for them, as of September 2026. They include 35 high-net-worth individuals, 26 individual clients and 1 pension or profit-sharing plan.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blue Sky Investment Partners offer?","answer":"Blue Sky Investment Partners provides financial planning and portfolio management for individuals and small businesses.","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 Sky Investment Partners charge?","answer":"Blue Sky Investment Partners charges 0.70%–1.00% a year for its Wealth management service. The fee is billed in advance and is negotiable.","source":"BLUE SKY INVESTMENT PARTNERS, INC., filed 13 August 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Blue Sky Investment Partners use?","answer":"Blue Sky Investment Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $118M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Blue Sky Investment Partners have?","answer":"Blue Sky Investment Partners has 0 investment adviser representatives registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Sky Investment Partners invest in?","answer":"At the end of its last fiscal year, Blue Sky Investment Partners’ separately managed accounts held 59% pooled vehicles (private funds and similar), 40% exchange-traded equities and 1% cash and equivalents.","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":"Who owns Blue Sky Investment Partners?","answer":"Blue Sky Investment Partners’ direct owner is Michael Willman (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 9 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blue Sky Investment Partners get paid?","answer":"Blue Sky Investment Partners is paid through a percentage of assets under management and hourly charges. 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":"How do I contact Blue Sky Investment Partners?","answer":"Blue Sky Investment Partners’ main office is at 1609 Sherman Ave., #204, Evanston, IL 60201. Its phone number is 847-864-5070. Its website is blueskyinvestments.net.","source":"Form ADV Part 1A, Item 1.F, filed 9 September 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."}