Blue Blaze Financial Advisors, LLC (Holmdel)

Name: Blue Blaze Financial Advisors, LLC
Address: 101 Crawfords Corner Road, Holmdel, NJ, 07733
Telephone: 732-333-8160

Blue Blaze Financial Advisors, LLC is a large advisory firm based in Holmdel. It manages $173.77 million of regulatory assets for 489 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New Jersey and New York.

Blue Blaze Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blue Blaze Financial Advisors: assets under management

The assets under management (AUM) of Blue Blaze Financial Advisors, LLC is $173.77 million. The firm's AUM has grown by 29% since the beginning of its operation, and $887.23 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $172.2 million in discretionary accounts and $1.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $262.05 thousand.

Blue Blaze Financial Advisors has custody of $48.39 million in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blue Blaze Financial Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blue Blaze Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Blue Blaze Financial Advisors is high net worth individuals with 52 clients and $163.41 million of assets under management. Among the 6 most similar advisory firms, Blue Blaze Financial Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $172.06 million for 79 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Blue Blaze Financial Advisors doesn't advise any private funds.

Careers at Blue Blaze Financial Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank John Corrado	Manager	1 May 2014	75% - 100%	4666312
Frank Thomas Corrado	Member / chief compliance officer	1 May 2014	25% - 50%	6172937

Based in Holmdel

The principal office where Blue Blaze Financial Advisors, LLC performs its advisory services is located at 101 Crawfords Corner Road, Holmdel, NJ 07733, which is also the mailing address of the firm. An additional office of the firm is in Harrison, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-333-8160 or by fax 732-333-8162. The normal business hours are by appointment on Other. You can find more information about the New York firm at blueblazefa.com and its LinkedIn profile.