Bloom Advisors

Bloom Advisors, Inc., established in 1995, is a Registered Investment Adviser specializing in professional money management services for individual investors and businesses. The firm, founded by Ken Bloom and Rick Bloom, operates on a discretionary, no-commission, fee-only basis. Bloom Advisors constructs diversified investment portfolios using no-load mutual funds and ETFs, emphasizing factors like fund performance, management continuity, and cost efficiency. The minimum account size for their services is $250,000, with total client assets managed amounting to $1,305,417,356 as of 12/31/2023. Fees are assessed quarterly based on the average daily balance, with accounts ranging from $250,000 to $1 million incurring a 1% annual fee, and accounts over $1 million charged 0.75% per annum. Bloom Advisors does not accept performance-based or side-by-side fees to align with long-term client goals. The firm's investment strategies focus on strategic asset allocation, investment selection, portfolio construction, monitoring, and rebalancing to maximize returns while managing risks. Bloom Advisors has a clean disciplinary record and does not engage in principal trading or agency cross transactions. Clients' accounts are held by third-party custodians, and the firm has discretionary authority over investments, with clients retaining the right to limit this authority. Bloom Advisors does not handle proxy voting for client securities and has a transparent fee structure with no financial difficulties reported.