San Blas Advisory, Inc.

San Blas Advisory serves individual and high‑net‑worth clients as well as businesses, managing about $218.9 million across roughly 664 client accounts. The firm provides discretionary and non‑discretionary portfolio management alongside comprehensive, limited, and hourly financial planning, and typically charges percentage‑of‑assets advisory fees.

The firm’s investment approach combines fundamental, technical and qualitative analysis and may use asset‑allocation models, mutual funds, ETFs, individual equities, UITs and options; strategies range from diversified ETF/mutual‑fund allocations to selective investments in financially strong, undervalued companies. San Blas also recommends and helps onboard third‑party money managers available through its Charles Schwab correspondent relationship and permits client‑imposed account restrictions and non‑discretionary selections.

Noteworthy for a firm of this size, San Blas operates five offices and maintains affiliations with an affiliated broker‑dealer (San Blas Securities), other advisers and insurance activities, which enable clearing relationships and dual registration for some IARs. These affiliations create potential conflicts — including commission‑based compensation for insurance sales and referral/percentage‑of‑AUM compensation for recommending turnkey managers — and the firm discloses policies intended to review commissions, require recommendations to be in clients’ best interests, and mitigate those conflicts.