Bluestone Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 26–50 clients last fiscal year.
Bluestone Financial Advisors reports 50 clients. They include 50 high-net-worth individuals. Of its assets, 91.7% ($190M across 120 accounts) are managed with discretion; $17.3M across 17 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 100% | 95% |
| Charitable organizations | Fewer than 5 | 5% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 50 | $197M | 95.0% | $3.94M |
| Charitable organizations | Fewer than 5 | $10.5M | 5.0% | — |
| Corporations and other businesses | Fewer than 5 | $135 | 0.0% | — |
| Total | 50 | $207M | 100% | — |
- Clients
- 50
- Regulatory AUM
- $197M
- AUM share
- 95.0%
- Avg. per client
- $3.94M
- Clients
- Fewer than 5
- Regulatory AUM
- $10.5M
- AUM share
- 5.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $135
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 50
- Regulatory AUM
- $207M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Bluestone Financial Advisors is paid through fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial advisory retainer
- Monthly retainer fees are negotiable but generally range from $1,000 to $6,000 per business owner or partner, billed in advance each month.
- Financial planning and consulting project
- Project fees are negotiable but generally range from $5,000 to $10,000 per business owner, one time, charged in advance at the start of the engagement.
Andrew Cosgrove owns 75% or more of Bluestone Financial Advisors. The leadership team of Bluestone Financial Advisors includes Chief Compliance Officer Andrew Cosgrove. It has 3 employees, 2 of them in advisory roles.
Leadership
- Andrew CosgrovePrincipal and Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Bluestone Financial Advisors, LLC
Andrew Cosgrove
since April 2008
Bluestone Financial Advisors’ regulatory assets grew 1.8× from $115M (April 2022) to $207M (February 2026); clients were 50 in both filings and employees were 3 in both filings. In 2018, Zeno Consulting Group joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $207M | 50 | 3 | 3 |
| Jun 2025June 2025 | $176M | 50 | 3 | 3 |
| Mar 2024March 2024 | $146M | 39 | 3 | 3 |
| Mar 2023March 2023 | $100M | 43 | 4 | 2 |
| Apr 2022April 2022 | $115M | 49 | 3 | 2 |
Firms that joined
20181 joined
- Zeno Consulting GroupNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Bluestone Financial Advisors has 2 offices (2 private residences, listed without an address), with 1 listed address in 1 state.
Maryland · 1 listed address
- 7910 Woodmont Avenue, Suite 1350, BethesdaHQ
Contact and registration details
- Legal name
- Bluestone Financial Advisors, LLC
- Headquarters
- 7910 Woodmont Avenue, Suite 1350, Bethesda, MD 20814
- Website
- bfa-llc.com
- Phone
- 301-841-0203
- SEC file
- 801-124948
- Structure
- Maryland LLC
- Fiscal year end
- December
Bluestone Financial Advisors’ named custodian for separately managed accounts is Charles Schwab ($205M). Bluestone Financial Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $205M100%
At year end, Bluestone Financial Advisors’ separately managed accounts were mostly in funds (54%) and cash (27%).
What the accounts hold
- Stocks19%
- Funds54%
- Cash27%
How many clients does Bluestone Financial Advisors have?
Bluestone Financial Advisors has 50 clients and manages $207 million for them, as of February 2026. They include 50 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026
What services does Bluestone Financial Advisors offer?
Bluestone Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Bluestone Financial Advisors use?
Bluestone Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $205M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026
How many financial advisors does Bluestone Financial Advisors have?
Bluestone Financial Advisors has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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
What does Bluestone Financial Advisors invest in?
At the end of its last fiscal year, Bluestone Financial Advisors’ separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs), 27% cash and equivalents and 19% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bluestone Financial Advisors?
Bluestone Financial Advisors’ direct owner is Andrew Cosgrove (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 February 2026
How does Bluestone Financial Advisors get paid?
Bluestone Financial Advisors is paid through 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
How do I contact Bluestone Financial Advisors?
Bluestone Financial Advisors’ main office is at 7910 Woodmont Avenue, Suite 1350, Bethesda, MD 20814. Its phone number is 301-841-0203. Its website is bfa-llc.com.