Bluespruce
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Overview
Bluespruce operates as an advisory firm headquartered in Chicago, Illinois. The company manages $5.4 billion in assets across eight accounts, placing it among the biggest firms in the country by assets under management (AUM). The firm has a small group, including 11 financial advisors. Bluespruce is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like options, bonds and stocks.
Bluespruce administers all of its client assets in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by a portfolio manager without needing to seek the client's consent. The advisory firm manages about $671.0 million in assets for every client account. The average advisor at Bluespruce manages fewer than one client account, making it one of the most individualized firms in the country.
The firm's headquarters is at 15 East Oak Street, Chicago, Illinois 60611. Bluespruce is legally allowed to serve investors in the state of Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bluespruce by the Numbers
$5.4 billion
11
8
$671.0 million
Fee Structure
Financial advisory fees typically depend on which service is provided. Fees charged by the firm likely consist of any combination of the following fee types: asset-based or performance-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to pooled investment vehicles. Out of its eight accounts, Bluespruce's largest client type is pooled investment vehicles. About 67% of the firm's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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