Blue Summit Financial Group, Inc. (La Mesa)

Name: Blue Summit Financial Group, Inc.
Address: 9001 Grossmont Blvd, La Mesa, CA, 91941
Telephone: 619-698-4330

Blue Summit Financial Group, Inc. is a large advisory firm based in La Mesa. It manages $107.6 million of regulatory assets for 466 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Colorado, Oregon, and Utah.

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

Blue Summit Financial Group: assets under management

The assets under management (AUM) of Blue Summit Financial Group, Inc. is $107.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $230.91 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blue Summit Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Judith Lynn Seid serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Judith Lynn Seid is high net worth individuals with 34 clients and $63.7 million of assets under management. Among the 9 most similar advisory firms, Blue Summit Financial Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.6 million for 166 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Blue Summit Financial Group doesn't advise any private funds.

Careers at Blue Summit Financial Group, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Judith Lynn Seid has been acting as President since 1 Jan 2006. Robert Gordon Seid joined the executive team most recently as the Partner/Co Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith Lynn Seid	President	1 Jan 2006	75% - 100%	2318377
Allen Bradley Trim	Chief compliance officer	1 May 2018	Other	5768850
Robert Gordon Seid	Partner/co-owner	1 Jan 2019	Other	6451841

Based in La Mesa

The principal office where Blue Summit Financial Group, Inc. performs its advisory services is located at 9001 Grossmont Blvd, La Mesa, CA 91941, 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 619-698-4330 or by fax 619-698-0430. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at bluesummitwealth.com.