Shum Financial Group provides personalized investment management and financial planning services for individuals, high net worth clients, businesses, and retirement plans. The firm builds tailored portfolios based on each client's specific goals, time horizon, and risk tolerance, using fundamental analysis and long-term investment strategies. In addition to managing traditional investment accounts, Shum Financial Group offers specialized management for variable annuities and life insurance products, as well as consulting services for retirement plans like 401(k)s. Clients can choose between discretionary management—where the firm makes trades on their behalf without prior approval—or non-discretionary management, where every trade requires client approval. Led by founder and Certified Financial Planner Cliff Shum, the firm operates with a legal obligation to act in your best interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.95% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $3.0M | 0.85% |
| $3.0M - $5.0M | 0.80% |
| $5M+ | 0.75% |
Fees may be negotiable. Accounts within the same household may be combined for a reduced fee.