Bluesky Wealth Advisors, LLC

CRD#116760
Investment Advisor Firm

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Overview

Bluesky Wealth Advisors, LLC is a financial advisor firm located in New Bern, North Carolina. The firm oversees $453.2 million in assets under management across 1,207 client accounts, making it one of the larger firms in the country by assets under management (AUM). The firm has a small team of 11 employees, of which eight are financial advisors. Bluesky Wealth Advisors, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets such as options, equities and bonds.

Bluesky Wealth Advisors, LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell choices for the client's account without requiring the client's consent. Bluesky Wealth Advisors, LLC oversees an average of $375,510 in assets for each customer account. An average financial advisor at Bluesky Wealth Advisors, LLC manages about 151 client accounts.

Bluesky Wealth Advisors, LLC's headquarters is located at 2131 S Glenburnie Road, New Bern, North Carolina 28562. The firm is legally allowed to provide services to customers throughout a few states, including California, Virginia, South Carolina, Florida, Georgia, Maryland, North Carolina, Texas and Pennsylvania.

Assets Under Management

$453.2 million

Number of Advisors

8

Disclosures

No

Office Location

2131 S Glenburnie Road
New Bern, NC 28562

Bluesky Wealth Advisors, LLC by the Numbers

Total Assets Under Management

$453.2 million

National Average: $3.7 billion
Total Number of Employees

11

National Average: 29
Total Number of Accounts

1,207

National Average: 2,073
Average Account Size

$375.5 thousand

National Average: $1.8 million

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Products and Services

Bluesky Wealth Advisors, LLC offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses and other services. In the last financial year, it provided financial planning services to 251-500 of its customers. Bluesky Wealth Advisors, LLC does sell products or offer services different than investment advice to its clients.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees charged by financial advisors usually vary depending on the financial services offered. Fee types charged by the firm may include the following fee types: hourly or fixed. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 74% of firms that offer this fee type

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Bluesky Wealth Advisors, LLC caters to retail investors and high net worth investors. Out of its 1,207 clients, Bluesky Wealth Advisors, LLC's biggest client type by number of accounts is high net worth investors, although it also caters to 147 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 50.69%
  • Other Individuals - 49.31%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Bluesky Wealth Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Bluesky Wealth Advisors, LLC

John Gjertsen
Acworth, GA
Ayasha Jones
New Bern, NC
Soo Kim
New Bern, NC
Caroline Jones
New Bern, NC
Stephen Fletcher
New Bern, NC
Stephen Horstmann
New Bern, NC
Madeline Valente
Pleasanton, CA
Bronwyn Shone
Pleasanton, CA
Christie Bonacci
New Bern, NC

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.