{
  "crd_number": 285426,
  "slug": "shum-financial-group-inc-alameda-ca-285426",
  "primary_business_name": "SHUM FINANCIAL GROUP, INC.",
  "legal_name": "SHUM FINANCIAL GROUP, INC.",
  "dbas": [],
  "city": "Alameda",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-05-31",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-02-23",
  "carried_forward": false,
  "raum_total": 321953763.0,
  "raum_discretionary": 321953763.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 5416547.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 61520725.0,
      "count": 200
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 6979038.0,
      "count": 4,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 247414470.0,
      "count": 121
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 622983.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "HI",
    "TX"
  ],
  "websites": [
    "https://shumfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285426",
  "city_as_filed": "ALAMEDA",
  "url": "https://advisorcensus.com/firm/shum-financial-group-inc-alameda-ca-285426",
  "display_name": "Shum Financial Group, Inc.",
  "summary": "Shum Financial Group, Inc. is an SEC-registered investment advisory firm in Alameda, CA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 23, 2026.",
  "citation": "AdvisorCensus. Shum Financial Group, Inc. (CRD 285426): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Shum Financial Group, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Shum Financial Group, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Shum Financial Group, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated February 23, 2026 states: Flat fee: $2,500 to $10,000 (Financial planning and consulting services); Hourly rate: $500 an hour (Financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Shum Financial Group, Inc. located?",
      "a": "Shum Financial Group, Inc.'s principal office is in Alameda, CA, according to its Form ADV."
    },
    {
      "q": "Is Shum Financial Group, Inc. registered with the SEC or a state?",
      "a": "Shum Financial Group, Inc. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285426."
    },
    {
      "q": "How much does Shum Financial Group, Inc. manage?",
      "a": "Shum Financial Group, Inc. reports $321,953,763 in regulatory assets under management in its Form ADV filing dated February 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Shum Financial Group, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Shum Financial Group, Inc.: Regulatory assets under management: $188,574,104 in the October 2021 data and $321,953,763 in the October 2026 data, up 71%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Shum Financial Group, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (200); high net worth individuals (121); pension and profit sharing plans (but not the plan participants or government pension plans) (4)."
    },
    {
      "q": "Which custodians does Shum Financial Group, Inc. use?",
      "a": "Shum Financial Group, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Shum Financial Group, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285426"
    },
    {
      "q": "Does Shum Financial Group, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 23, 2026 says: \"SFG does require an account minimum of $1,000,000 to open an account, accounts below the stated minimums may be accepted on an individual basis at the discretion of SFG.\""
    },
    {
      "q": "What changed in Shum Financial Group, Inc.'s recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $287,130,475 to $321,953,763 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 188574104.0,
      "total_employees": 4,
      "filing_date": "2021-04-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 218695889.0,
      "total_employees": 2,
      "filing_date": "2022-02-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 210669749.0,
      "total_employees": 4,
      "filing_date": "2023-09-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 246070841.0,
      "total_employees": 4,
      "filing_date": "2024-02-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 287130475.0,
      "total_employees": 4,
      "filing_date": "2025-02-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 321953763.0,
      "total_employees": 4,
      "filing_date": "2026-02-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $287,130,475 to $321,953,763 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 23, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $2,500 to $10,000 (Financial planning and consulting services)",
      "Hourly rate: $500 an hour (Financial planning and consulting services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "SFG does require an account minimum of $1,000,000 to open an account, accounts below the stated minimums may be accepted on an individual basis at the discretion of SFG."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,500 to $10,000 (Financial planning and consulting services)"
        ],
        "quotes": [
          "Financial planning and consulting services are offered based on a flat fee ranging from $2,500-$10,000 depending on complexity associated with each client’s situation."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $500 an hour (Financial planning and consulting services)"
        ],
        "quotes": [
          "Financial planning and consulting services are offered based on an hourly fee of $500 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 2500.0,
          "max": 10000.0,
          "period": "one_time",
          "service": "Financial planning and consulting services"
        },
        {
          "kind": "hourly",
          "amount": 500.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Financial planning and consulting services"
        }
      ]
    },
    "quotes": [
      "SFG does require an account minimum of $1,000,000 to open an account, accounts below the stated minimums may be accepted on an individual basis at the discretion of SFG.",
      "Financial planning and consulting services are offered based on a flat fee ranging from $2,500-$10,000 depending on complexity associated with each client’s situation.",
      "Financial planning and consulting services are offered based on an hourly fee of $500 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/shum-financial-group-inc-alameda-ca-285426.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 200,
      "fewer_than_5": false,
      "raum": 61520725.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 121,
      "fewer_than_5": false,
      "raum": 247414470.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 6979038.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 5416547.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 622983.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285426",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}