Blankinship & Foster, LLC (Solana Beach)

Name: Blankinship & Foster, LLC
Address: 420 Stevens Avenue, Solana Beach, CA, 92075
Telephone: 858-755-5166

Blankinship & Foster, LLC is a large advisory firm based in Solana Beach. It manages $503.92 million of regulatory assets for 855 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Colorado, Oregon, and Texas.

Blankinship & Foster provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blankinship & Foster: assets under management

The assets under management (AUM) of Blankinship & Foster, LLC is $503.92 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and $1.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $503.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $589.38 thousand each.

Blankinship & Foster has custody of $18.58 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blankinship & Foster, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Frederick Vinup Brooks serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Frederick Vinup Brooks is high net worth individuals with 144 clients and $412.88 million of assets under management. Among the 7 most similar advisory firms, Blankinship & Foster has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $499.23 million for 242 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Blankinship & Foster doesn't advise any private funds.

Careers at Blankinship & Foster, LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Frederick Vinup Brooks has been acting as President since 1 Jan 2007. Jon Paul Beyrer joined the executive team most recently as the Director/Wealth Management And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stefan Prvanov	Managing member: president/ceo	1 Jan 2007	50% - 75%	3000743
Frederick Vinup Brooks	Director/chief investment officer	1 Jan 2007	Other	3157903
John Thomas Blankinship	Chairman	1 Jan 2007	50% - 75%	23255
Charles Edward Foster	Vice chairman	1 Jan 2007	25% - 50%	1785466
Jon Paul Beyrer	Vice president	1 Jan 2007	Other	4774761
Jon Paul Beyrer	Director/wealth management and chief compliance officer	1 Jan 2009	Other	4774761

Based in Solana Beach

The principal office where Blankinship & Foster, LLC performs its advisory services is located at 420 Stevens Avenue, Solana Beach, CA 92075, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-755-5166 or by fax 858-755-5358. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bfadvisors.com.