Blum Shapiro Financial Services Inc (West Hartford)


Blum Shapiro Financial Services Inc is a large advisory firm based in West Hartford. It manages $65 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Connecticut.

Blum Shapiro Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blum Shapiro Financial Services: assets under management

The assets under management (AUM) of Blum Shapiro Financial Services Inc is $65 million. The firm's AUM has gone down by -29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45 million in discretionary accounts and $20 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $642.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $800 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blum Shapiro Financial Services Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Blum Shapiro Financial Services Inc

Frederick J. Kaplan has been acting as President since 1 Jan 1991. Carl R Johnson joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Frederick J. Kaplan Director 1 Jan 1991 Other 4363068
Lawrence C. Davis Director 1 Jan 1991 Other 4363031
David B. Rosenthal President 1 Jan 1991 Other 4363065
Bernard Blum Treasurer 1 Jan 1991 Other 4363079
P.C. Blum Shapiro & Co. Corporate parent 1 Jan 1991 75% - 100% 06-1009205
Carl R Johnson President 1 Jan 2004 Other 4780119
Peter J Niedermeyer Secretary 1 Jan 2004 Other 4780121

Based in West Hartford

The principal office where Blum Shapiro Financial Services Inc performs its advisory services is located at 29 South Main Street, West Hartford, CT 06107 2419 The mailing address of the firm is P.O. Box 272000, West Hartford, CT 06127 2000. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-561-4000 or by fax 860-521-9241. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.bshapiro.com.