Blacksummit Financial Group, Inc. (Nicholasville)

Name: Blacksummit Financial Group, Inc.
Address: 395 Chandamere Way, Nicholasville, KY, 40356
Telephone: 859-305-0602

Blacksummit Financial Group, Inc. is an adviser based in Nicholasville. It manages $40 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2013.

Blacksummit Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blacksummit Financial Group: assets under management

The assets under management (AUM) of Blacksummit Financial Group, Inc. is $40 million. The firm's AUM has gone down by -62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5 million in discretionary accounts and $35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $416.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.89 million.

Blacksummit Financial Group has custody of $1.28 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blacksummit Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.

Careers at Blacksummit Financial Group, Inc.

Blacksummit Financial Group, Inc. is owned by John Evriviadia Charalambakis. Blake Thornton Headley joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Blake Thornton Headley	President and chief compliance officer	1 May 2010	50% - 75%	3189360
John Evriviadia Charalambakis	Owner	1 Aug 2013	50% - 75%	5880490

Based in Nicholasville

The principal office where Blacksummit Financial Group, Inc. performs its advisory services is located at 395 Chandamere Way, Nicholasville, KY 40356, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-305-0602 or by fax 859-305-0602. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at blackstonefg.com.