Bloom Advisors, Inc. is a registered investment advisor founded in 1995 and based in Farmington Hills, Michigan. The firm provides professional money management services for individual investors, high-net-worth individuals, and retirement plan participants on a fee-only basis without sales commissions. Bloom Advisors creates diversified investment portfolios tailored to each client's specific risk tolerance, goals, and time horizon, utilizing mutual funds and exchange-traded funds. The firm operates with full authority to make trades without asking first, based on client agreements. Bloom Advisors also maintains an affiliate relationship with a legal services firm specializing in estate planning, real estate, and tax planning.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $1.0M | 1.00% |
| $1M+ | 0.75% |
Fees may be negotiable based on individual circumstances.