Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Hourly
- Fixed Fees (Other than subscription)
Bluesky Wealth Advisors, LLC Overview
Bluesky Wealth Advisors is a registered investment advisory firm that has been providing investment advice exclusively since 2013. As a fee-only firm, Bluesky Wealth Advisors offers clients the peace of mind that their advice is not influenced by commissions or sales incentives. The firm is headquartered in New Bern, North Carolina, but serves clients located across the country. Bluesky Wealth Advisors specializes in financial planning and portfolio management for individuals and small businesses. These comprehensive services are designed to help clients achieve their financial goals by developing personalized investment strategies that align with their unique needs and risk tolerance. The firm's team of experienced advisors provides ongoing guidance and support to help clients navigate changes in the market and stay on track toward their long-term objectives. In addition to its investment advisory services, Bluesky Wealth Advisors offers consulting services to help clients with a variety of financial needs. These services can include everything from tax planning and estate planning to retirement planning and risk management. The firm is committed to providing clients with the guidance and education they need to make informed decisions about their financial future.
Bluesky Wealth Advisors, LLC proudly serves a diverse range of clients, both individuals and high net worth individuals alike. These clients come from all walks of life and have unique financial goals and aspirations. Whether it be planning for retirement, managing an investment portfolio, or creating a comprehensive financial plan, Bluesky Wealth Advisors, LLC is dedicated to helping clients achieve their financial goals. As for fee structures, Bluesky Wealth Advisors, LLC offers a variety of options depending on the specific service provided. For clients who only require occasional advice or consultation, hourly rates are available. This provides flexibility and affordability for those who may not need extensive financial planning services. For clients who require more comprehensive services, such as developing an investment strategy or creating a financial plan, fixed fees are available. These fees are determined in advance and are agreed upon prior to any work being done, providing transparency and predictability for clients. Overall, Bluesky Wealth Advisors, LLC strives to meet the unique needs of each client and provide customized solutions that fit their budgets and financial goals.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for BLUESKY WEALTH ADVISORS, LLC is $500,000 in investable assets to open and maintain an advisory account. However, the Part 2 Brochure notes that the firm may waive this minimum account size based on their discretion. For instance, if a potential client appears to have significant potential for increasing their assets under the management of the firm, the minimum investment requirement can be waived.
How This Office Can Help Pleasanton, CA Residents
BlueSky Wealth Advisors - Fee-Only- NAPFA Members offers a wide range of financial planning and investment services that cater to the specific needs of clients in Pleasanton, CA. As a community known for its high cost of living, residents of Pleasanton face a number of financial challenges, including housing costs, taxes, and healthcare expenses. Clients can find solutions to these challenges through BlueSky Wealth Advisors' comprehensive investment planning, which includes portfolio design, tax planning, estate planning, and risk management services. BlueSky Wealth Advisors also offers retirement planning services for those nearing retirement age and looking to maximize their retirement income. They work with clients to develop realistic projections of their future income and expenses, and help them navigate the complex world of Social Security, pensions, and other retirement benefits. Additionally, they offer specialized services for business owners, helping them to develop and execute a plan for growing and protecting their business as well as integrating it into their overall financial portfolio. Overall, BlueSky Wealth Advisors provides expert financial guidance to help clients achieve their financial goals and overcome the financial hurdles unique to Pleasanton, CA.
Services Offered by Bluesky Wealth Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Bluesky Wealth Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Bluesky Wealth Advisors, LLC is registered to service clients in the following states:
- Arizona
- California
- Florida
- Georgia
- New Hampshire
- North Carolina
- Pennsylvania
- South Carolina
- Texas
- Virginia
- Washington
Disciplinary History
Bluesky Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.