Shum Financial Group, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$308,935,195
Clients
321
Advisors
4
of 4 employees
About
Shum Financial Group serves individuals (including high-net-worth clients), businesses, and charitable organizations with fee-based investment management, financial planning, and retirement-plan services. The firm provides both discretionary and non-discretionary portfolio management, variable annuity and variable life account management, and offers access to Envestnet’s wrap platform for managed portfolios.
Investment decisions are informed by fundamental analysis and documented investment policy statements, with account reviews performed at least quarterly and more frequently as market conditions dictate. The firm’s stated strategies include long- and short-term purchases, trading, and option-writing, and the brochure notes that certain separately managed accounts may employ derivatives and use borrowing or margin — practices that are uncommon among peers in the team-firm category.
Noteworthy operational features include the ability to serve as either a limited-scope ERISA 3(21) advisor or a discretionary ERISA 3(38) investment manager for qualified retirement plans, and the explicit management of variable annuity/variable life portfolios without receiving commissions. The firm also discloses a stated account minimum of $1,000,000 (subject to discretionary acceptance) and manages roughly $322 million in client assets with a small advisory team, which shapes its client mix and service model.
Client services
Expertise
Occupation focus
Fee options
Fixed fee for financial planning and consulting services ranging from $2,500 to $10,000
$0.00 - $500,000: 1.00% annually $500,001 - $1,000,000: 0.95% annually $1,000,001 - $2,000,000: 0.90% annually $2,000,001 - $3,000,000: 0.85% annually $3,000,001 - $5,000,000: 0.80% annually $5,000,001+: 0.75% annually
$500 per hour for financial planning and consulting
Account minimum: $1,000,000 Fee-only: Fixed fees ranging from $2,500 to $10,000 depending on complexity; Hourly fee of $500 per hour
Main office
2205 Harbor Bay Parkway
Alameda CA 94502
Advisors at this office
4
Most active in
California · Florida · Hawaii · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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
Maria V
Series 65
Alameda, CA
Shum Financial Group, Inc.
Maria Valencia is a Series 65 licensed financial advisor with three years of industry experience, currently serving at Shum Financial Group, Inc. in Alameda, CA. Her prior work includes roles at Brown Sugar Kitchen, Tulane University, and Los Andes University. Shum Financial Group provides fee-based investment management, financial planning, and retirement-plan services to individuals, businesses, and charitable organizations. The firm employs fundamental analysis and documented investment policies to guide portfolio management, offering discretionary and non-discretionary services that include strategies such as option-writing and use of derivatives.
Elyse S
CFP®, Series 66
Alameda, CA
Shum Financial Group, Inc.
Elyse Sanchez is a Certified Financial Planner (CFP®) with 10 years of industry experience. She has worked at Shum Financial Group, Inc. since 2016 and previously spent a year at Girard Securities, Inc. She holds a Series 66 license and is based in Alameda, CA. Shum Financial Group serves individuals, businesses, and charitable organizations with fee-based investment management, financial planning, and retirement-plan services. The firm employs fundamental analysis and documented investment policy statements in its investment decisions and offers both discretionary and non-discretionary portfolio management, including managed variable annuity and variable life accounts.
Cliff S
CFP®, Series 63, Series 65
Alameda, CA
Shum Financial Group, Inc.
Cliff Shum is a CFP® professional with 27 years of industry experience, currently serving as an advisor at Shum Financial Group, Inc. since 2016. He previously operated as a sole proprietor and worked at Girard Securities, Inc. from 2013 to 2017. Outside of his advisory role, he maintains a limited insurance practice. Shum Financial Group serves individuals, businesses, and charitable organizations with portfolio management, financial planning, and retirement plan advisory services. The firm employs a fundamental analysis approach with written investment policies and quarterly reviews, and it is notable for permitting the use of derivatives and margin in separately managed accounts.
Stephanie F
Series 65
Alameda, CA
Shum Financial Group, Inc.
Stephanie Fisher is a Series 65-licensed advisor at Shum Financial Group, Inc. in Alameda, CA, with three years of industry experience. She previously worked at Jack Brain & Associates for 15 years before joining Shum Financial Group. Shum Financial Group serves individuals, businesses, and charitable organizations with fee-based investment management, financial planning, and retirement-plan services. The firm employs fundamental analysis and documented investment policies to guide investment decisions and offers both discretionary and non-discretionary portfolio management.
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