Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Hourly
- Fixed Fees (Other than subscription)
- Other
Bluestem Financial Advisors, LLC Overview
Bluestem Financial Advisors, LLC is a fee-only registered investment advisory firm headquartered in Champaign, IL. They have been in business since 2019 and specialize in offering investment advice to their clients. As a fee-only firm, they are committed to providing impartial advice and do not receive any commissions or compensation from the sale of financial products. Bluestem Financial Advisors, LLC offers a range of financial services including financial planning, portfolio management for individuals and small businesses, and tax preparation for their advisory clients. Their financial planning services cater to clients with various financial goals and objectives, helping them create a customized plan to achieve their financial aspirations. Their portfolio management services are designed to help clients manage their investment portfolios and achieve their financial targets. Bluestem Financial Advisors, LLC also provides tax preparation services for their advisory clients. This additional service allows clients to have all their financial needs met in one place, ensuring optimal efficiency and effectiveness in their overall financial management. Overall, Bluestem Financial Advisors, LLC is a comprehensive and reliable advisor that helps clients achieve their financial goals.
Bluestem Financial Advisors, LLC is a renowned financial advisory firm that offers services to a wide range of clients. The clients served by the firm include individuals and high net worth individuals seeking quality and professional financial advice. The firm has a team of well-trained financial advisors who are well-equipped to handle the varied financial needs of clients. Bluestem Financial Advisors, LLC provides comprehensive financial planning and wealth management services to its clients. When it comes to fee structures, Bluestem Financial Advisors, LLC offers several options to suit the needs of its clients. The firm offers hourly rates, fixed fees, and other types of fees depending on the services provided. The hourly rate option is convenient for clients who require limited services and do not want to commit to a full service. The fixed fee option is suitable for clients who need a more comprehensive financial plan and need ongoing support. The other types of fees available may include performance-based fees, retainer fees, or a percentage of assets under management. The firm works closely with clients to establish a fee structure that is tailored to their unique financial needs. Bluestem Financial Advisors, LLC values transparency in its fee structures and ensures that clients fully understand the cost of services provided.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Bluestem Financial Advisors, LLC, the firm's investment minimum is not mentioned anywhere. Therefore, it is unclear what the minimum investment amount is for clients who want to work with Bluestem Financial Advisors. It is recommended that individuals interested in investing with this firm reach out to their representatives directly for more information about investment minimums and other related details.
How This Office Can Help Champaign County, IL Residents
Bluestem Financial Advisors, LLC provides comprehensive financial planning and investment management services to clients in Champaign County, IL. The firm's team of certified financial planners work closely with each client to understand their specific goals, needs, and situations, and provide personalized advice and solutions to help them achieve their financial objectives. Some common financial situations that clients in Champaign County, IL might be facing include retirement planning, college savings, managing debt, estate planning, and tax planning. Bluestem Financial Advisors, LLC helps clients navigate these complex financial issues by creating customized investment portfolios, creating retirement income strategies, developing debt reduction plans, creating estate plans, and providing guidance on tax optimization strategies. The firm's goal is to help clients achieve financial independence and security, and to help them feel confident and secure in their financial futures.
Services Offered by Bluestem Financial Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Bluestem Financial Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Bluestem Financial Advisors, LLC is registered to service clients in the following states:
- Arizona
- Illinois
Disciplinary History
Bluestem Financial Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.