Blue Chip Financial Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
BlueChip Financial Advisors, LLC provides investment advisory and financial planning services to individuals (including high‑net‑worth clients), trusts, corporations, retirement plans and nonprofit entities. The firm delivers portfolio management on a non‑discretionary basis and offers broad financial planning and implementation support, which can include non‑fee investment products and insurance sold through affiliated broker‑dealer relationships.
BCFA operates a collaborative, client‑directed model in which investment recommendations are implemented only with client consent; accounts are reviewed at least semiannually and an annual review is offered. The firm employs a mix of long‑ and short‑term strategies and relies on third‑party research and custodial trading through Fidelity and a dually registered broker‑dealer, while disclosing potential commission arrangements when clients elect non‑fee products.
Distinctive features include managing approximately $104 million exclusively on a non‑discretionary basis, a structure that is uncommon among similar team firms of this size. BCFA is also notable for its close ties to accounting professionals—several advisory representatives are CPAs, the firm has a contractual arrangement with an accounting firm that includes fee‑sharing (up to 50% of net client fees returned to the CPA firm)—and for providing retirement‑plan investment education and workshops, services less commonly offered by peers.
Client services
Expertise
Fee options
Life insurance contract fees up to $10,000 agreed upon before acceptance.
$0 - $249,999: 1.50% $250,000 - $999,999: 1.25% $1 million - $2.49 million: 1.00% $2.5 million - $4.99 million: 0.75% $5 million+: 0.50%
Commissions earned on purchase of non-fee-based financial products such as insurance sold through broker-dealer affiliation.
Up to $250 per hour for financial planning services, fee agreed upon in advance based on complexity.
Fee-only: Fee-only for investment advisory services; commissions earned only if client implements financial planning recommendations involving purchase of non-fee-based products.
Main office
See office34 Hemingway Drive
East Providence RI 02915
Advisors at this office
5
Offices (2)
Most active in
California · Florida · Louisiana · Massachusetts · Nebraska · Nevada · Rhode Island · Texas
Also doing business as
Blue Chip Financial Advisors, LLC · Blue Chip Financial Advisors, Llp · Paxmentis Advisors
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
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