Blue Chip Financial Advisors, Inc.

The firm provides investment advice to individual clients, specializing in management of IRA and brokerage accounts and offering financial planning on topics such as 401(k) recommendations, mortgage and insurance analysis, retirement planning, and college funding. It primarily implements portfolios using mutual funds and, occasionally, individual stocks and bonds, managing about $1 million of client assets for roughly ten clients.

The investment process is grounded in Modern Portfolio Theory, with an emphasis on asset allocation and long-term, buy-and-hold strategies while generally de-emphasizing short-term trading. The firm manages client accounts on a discretionary basis, operates on a retainer model with ongoing telephone-based communication, and conducts reviews at the client’s request; it also requires all clients to custody accounts at Interactive Brokers and disclosed a full custodian transition in 2020.

Noteworthy aspects include the firm’s small scale as a single-advisor practice overseeing a compact client roster and the firmwide custodial requirement with Interactive Brokers, from which the firm reports receiving no compensation. The firm does not take custody of client assets or vote client proxies, and the principal reports advanced academic training in investment management along with ownership interests in other businesses.