Blum Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
Blum Financial reports 196 clients. They include 100 high-net-worth individuals and 96 individual clients. Of its assets, 87.7% ($183M across 759 accounts) are managed with discretion; $25.7M across 22 accounts are not. A wrap fee program the firm both sponsors and manages holds $512M. It advised 15 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 7% |
| High-net-worth individuals | 51% | 93% |
| Pension and profit-sharing plans | 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 |
|---|---|---|---|---|
| Individuals (other than HNW) | 96 | $14.1M | 6.8% | $147K |
| High-net-worth individuals | 100 | $193M | 92.6% | $1.93M |
| Pension and profit-sharing plans | Fewer than 5 | $1.3M | 0.6% | — |
| Total | 196 | $209M | 100% | — |
- Clients
- 96
- Regulatory AUM
- $14.1M
- AUM share
- 6.8%
- Avg. per client
- $147K
- Clients
- 100
- Regulatory AUM
- $193M
- AUM share
- 92.6%
- Avg. per client
- $1.93M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.3M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 196
- Regulatory AUM
- $209M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 15
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Blum Financial is paid through a percentage of assets under management, hourly charges and 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 Planning and Consulting
- Annual flat fee for financial planning and consulting, based on scope and complexity, ranging from $1,500 to as high as $150,000; planning fees are usually payable in advance.
- Pension Consulting
- Annual flat fee for pension consulting services, ranging from $750 to $10,000 depending on the scope and complexity of the engagement.
Stephen Blum owns 75% or more of Blum Financial. The leadership team of Blum Financial includes Chief Compliance Officer Jenifer Blum. It has 6 employees, 1 of them in advisory roles.
Leadership
- Jenifer BlumChief Compliance Officer
- Stephen BlumLimited Partner
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 1 in advisory functions
- 1 state-registered rep
- 3 insurance agents
- Owns 75% or more of Blum Financial, LP
Stephen Blum
Control person · since January 2006
Blum Financial’s regulatory assets grew 1.7× from $122M (March 2021) to $209M (March 2026); clients rose from 119 to 196 and employees fell from 8 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $209M | 196 | 6 | 1 |
| March 2025 | $201M | 196 | 8 | 1 |
| March 2024 | $164M | 180 | 7 | 1 |
| March 2023 | $151M | 177 | 7 | 1 |
| March 2022 | $145M | 187 | 7 | 1 |
| March 2021 | $122M | 119 | 8 | 1 |
Besides its headquarters, Blum Financial has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 2929 North Central Expressway, Suite 200, RichardsonHQ
Contact and registration details
- Legal name
- Blum Financial, LP
- Headquarters
- 2929 North Central Expressway, Suite 200, Richardson, TX 75080
- Website
- awealthplan.com
- Phone
- 214-727-6000
- SEC file
- 801-69852
- Founded
- 2009
- Structure
- Texas limited partnership
- Fiscal year end
- December
Blum Financial uses Fidelity ($103M, 86%) and Vantage Retirement Plans ($17.1M, 14%) as custodians for its separately managed accounts. Blum Financial does not have custody of client assets.
- FidelityFidelity Investments · Covington, KY · $103M86%
- Vantage Retirement PlansVantage Retirement Plans, LLC · Scottsdale, AZ · $17.1M14%
At year end, Blum Financial’s separately managed accounts were largely in stocks (45%) and cash (29%).
What the accounts hold
- Stocks45%
- Funds15%
- Cash29%
- Other11%
- Fixed annuities, futures, fixed income, variable annuities11%
How many clients does Blum Financial have?
Blum Financial has 196 clients and manages $209 million for them, as of March 2026. They include 100 high-net-worth individuals and 96 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does Blum Financial offer?
Blum Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Blum Financial use?
Blum Financial’s separately managed account assets are held at Fidelity Investments (Covington, KY), with $103M and Vantage Retirement Plans, LLC (Scottsdale, AZ), with $17.1M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does Blum Financial have?
Blum Financial has 1 investment adviser representative registered with state securities authorities, out of 6 employees, and 1 perform investment advisory functions. 0 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
What does Blum Financial invest in?
At the end of its last fiscal year, Blum Financial’s separately managed accounts held 45% exchange-traded equities, 29% cash and equivalents, 15% pooled vehicles (private funds and similar) and 11% other. The 11% other category is described as: Fixed Annuities, Futures, Fixed Income, Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blum Financial?
Blum Financial’s direct owner is Stephen Blum (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does Blum Financial get paid?
Blum Financial 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
How do I contact Blum Financial?
Blum Financial’s main office is at 2929 North Central Expressway, Suite 200, Richardson, TX 75080. Its phone number is 214-727-6000. Its website is awealthplan.com.