March 2025
Relationship Summary
We are Bloom Advisors, Inc., an investment adviser registered with the Securities and Exchange Commission. Investment advisory and brokerage services and fees differ, and it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing. Our firm and financial professionals’ registration information are also publicly available on the Investor.gov website.
What investment services and advice can you provide me?
We offer customized investment advisory services to retail investors. We offer advice on a full suite of securities, including equities, fixed income, mutual funds, ETFs, and similar investments. Our services are generally provided on a discretionary basis, which means that we have the power to buy and sell securities for your account without your prior consent. This authority is usually unlimited and remains in effect until you revoke it. We do not provide non-discretionary investment advice, where we make investment recommendations to you and you decide whether to implement the recommendation. We do not offer any proprietary investment products.
We provide continuous and regular supervision of advisory client assets as part of our standard service to you. In addition, we will conduct ad hoc reviews if you change your objectives or risk tolerance, upon significant market and economic events, or if we change our investment strategy.
We require a minimum account size of $250,000, which can be waived in unique or special circumstances.
Please go to https://adviserinfo.sec.gov/firm/summary/106152 for additional information on our firm. Select PART 2 BROCHURES and reference Items 4, 7, and 8 of our Part 2A Brochure for additional information on our services, investment advice, and account requirements.
Other Questions You May Have
What fees will I pay?
Our fees are calculated as a percentage of the assets under our management, so our fees will rise and fall with the value of the assets we manage for you. While our fees may reduce the amount of your assets available for investment, we believe they are justified by our services and attention to your needs. Moreover, we believe our interests are aligned with yours in this type of fee structure. Nonetheless, a conflict of interest may appear in that we are economically incented to recommend that you place more assets in your account in order to increase the value of your portfolio, because as the value increases, so do our fees.
In addition to our fees, you may be charged transaction-based fees by your custodian. To the extent transaction fees apply, the more transactions effected in your account, the more fees you will pay, and high activity in your account does not assure positive portfolio performance.
There are additional fees such as internal fees and expenses charged by mutual funds (i.e., 12b-1 distribution fees and management fees that are assessed within the mutual fund) and exchange-traded funds, postage and handling, transfer taxes, SEC fees for sales of securities.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. You can find more information about our fees and costs under Item 5 of our Part 2A Brochure, available at https://adviserinfo.sec.gov/firm/summary/106152.
Other Questions You May Have
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here is an example to help you understand what this means:
Additional information regarding conflicts of interest can be found in Items 5, 10, 11, 12, and 14 of our Part 2A Brochure, available at https://adviserinfo.sec.gov/firm/summary/106152.
Other Questions You May Have
How do your financial professionals make money?
Our financial advisors are paid a salary and bonus. We are incentivized to recommend that you add additional assets to your advisory account. We do not receive non-cash compensation.
Do you or your financial professionals have legal or disciplinary history?
No. You can visit Investor.gov/CRS for a free and simple search tool to research our firm and financial professionals.
Other Questions You May Have
You can find additional information about our investment advisory services on our Part 2A Brochure, available at https://adviserinfo.sec.gov/firm/summary/106152. You may contact us at 248-932-5200 if you have questions or to request a current copy of this Relationship Summary.
Other Questions You May Have
