{"url":"https://nivawealth.com/firms/blum-financial-149134","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149134","regulatoryAum":208600000,"crd":"149134","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2667312","suffix":null,"lastName":"BLUM","firstName":"STEPHEN","middleName":"JACOB"}],"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"},"history":[{"filedOn":"2021-03-18","regulatoryAum":122249000,"clients":119,"employees":8,"offices":1},{"filedOn":"2022-03-15","regulatoryAum":145300000,"clients":187,"employees":7,"offices":1},{"filedOn":"2023-03-15","regulatoryAum":151200000,"clients":177,"employees":7,"offices":1},{"filedOn":"2024-03-12","regulatoryAum":164440000,"clients":180,"employees":7,"offices":1},{"filedOn":"2025-03-10","regulatoryAum":200500000,"clients":196,"employees":8,"offices":1},{"filedOn":"2026-03-10","regulatoryAum":208600000,"clients":196,"employees":6,"offices":1}],"secFileNumber":"801-69852","legalName":"Blum Financial, LP","displayName":"Blum Financial","slug":"blum-financial-149134","website":"https://awealthplan.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2009","organization":"Texas limited partnership","fiscalYearEnd":"December","headquarters":{"street":"2929 North Central Expressway, Suite 200","city":"Richardson","state":"TX","stateName":"Texas","country":"United States","postalCode":"75080"},"tradeNames":[],"registration":{"secApproved":"8 January 2009","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1057653.0612244897,"staff":{"employees":6,"advisory":1,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":208600000,"discretionary":182900000,"discretionaryAccounts":759,"nonDiscretionary":25700000,"nonDiscretionaryAccounts":22,"wrapProgram":511500000,"nonUsClientsPct":0,"nonAumClients":15},"clientTypes":[{"label":"Individuals (other than HNW)","clients":96,"regulatoryAum":14100000},{"label":"High-net-worth individuals","clients":100,"regulatoryAum":193200000},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":1300000}],"feePrograms":[{"role":"other","program":"Financial Planning and Consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016829","versionId":1016829,"submittedOn":"2026-03-10","documentName":"SWP 2026 ADV PART 2A - FIRM BROCHURE"},{"role":"other","program":"Pension Consulting","summary":"Annual flat fee for pension consulting services, ranging from $750 to $10,000 depending on the scope and complexity of the engagement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016829","versionId":1016829,"submittedOn":"2026-03-10","documentName":"SWP 2026 ADV PART 2A - FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:53:07.197437+00:00","documents":[{"name":"SWP 2026 ADV PART 2A - FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016829","versionId":1016829,"submittedOn":"2026-03-10"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016830","versionId":1016830,"submittedOn":null}]},"custodians":[{"name":"Fidelity Investments","shortName":"Fidelity","location":"Covington, KY","smaAssets":102800000},{"name":"Vantage Retirement Plans, LLC","shortName":"Vantage Retirement Plans","location":"Scottsdale, AZ","smaAssets":17100000}],"custodyNote":"Blum Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jenifer Blum","title":"Chief Compliance Officer","crd":"6160790"},{"name":"Stephen Blum","title":"Limited Partner","crd":"2667312"}],"ownership":[{"label":"Stephen Blum","detail":"Limited partner in the 75% or more ownership band and a control person, since January 2006. Also a president/secretary/treasurer of Blum Management Group, Inc. in the 75% or more band and a control person, since January 2006."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"2929 North Central Expressway, Suite 200","city":"Richardson","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","philanthropic planning","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"214-727-6000","stateRegisteredReps":1,"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","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":45},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":15},{"label":"Cash and cash equivalents","percent":29},{"label":"Other","percent":11,"detail":"Fixed Annuities, Futures, Fixed Income, Variable Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"10 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149134/PDF/149134.pdf","brochureDate":"10 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016829","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 Blum Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blum Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Blum Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Blum Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Blum Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Blum Financial?","answer":"Blum Financial’s direct owner is Stephen Blum (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 10 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blum Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Blum Financial?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 10 March 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."}