SHUM FINANCIAL GROUP, INC.
Adviser information for SHUM FINANCIAL GROUP, INC. last updated from Form ADV on February 8th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Other (specify) |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | California, United States |
Employees
| Total Number of Employees | 4 |
|---|---|
| Investment Advisory/Research | 4 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 4 |
| Licensed Agents of an Insurance Company | 1 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 310 | $246.1M |
| Non-Discretionary | 0 | $0 |
| Total | 310 | $246.1M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 223 | $62.6M |
| HNW Individuals | 86 | $175.8M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | <5 | $2.4M |
| Charitable organizations | <5 | $4.8M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | <5 | $434,050 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 2 |
| No. of Non-U.S. Clients | 1 |
| No. of Financial Planning Clients | 251-500 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)VARIABLE ANNUITY AND VARIABLE LIFE MANAGEMENT |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Identifiers
| SEC RIA File Number | 801-110554 |
|---|---|
| SEC ERA File Number | 801-110554 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 285426 |
| Legal Entity Identifier | None |
Principal Office
1402 PARK STREET, SUITE EALAMEDA
CA
United States
Monday - Friday, 8:30AM - 5:00PM
Tel: 510-748-7462, Fax: 510-769-4990
Websites
Chief Compliance Officer
CLIFF SHUM
PRESIDENT
1402 PARK STREET
SUITE E
ALAMEDA
CA
United States
Tel:
510-748-7462
Fax:
510-769-4990
C****@****************M
(Full email address available in API data)
Industry Affiliates
| CLIFF SHUM | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| SHUM, CLIFF, WINGYIN | Individual | – | PRESIDENT/CHIEF COMPLIANCE OFFICER | 10/2016 | > 75% |