# Shum Financial Group, Inc.

> 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.

- CRD: 285426
- Filed as: SHUM FINANCIAL GROUP, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Alameda, CA
- Filing period: October 2026
- Form ADV filing dated: February 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285426
- AdvisorCensus page: https://advisorcensus.com/firm/shum-financial-group-inc-alameda-ca-285426

## Quick answers

**How is Shum Financial Group, Inc. compensated?**
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).

**How much does Shum Financial Group, Inc. charge?**
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.

**Where is Shum Financial Group, Inc. located?**
Shum Financial Group, Inc.'s principal office is in Alameda, CA, according to its Form ADV.

**Is Shum Financial Group, Inc. registered with the SEC or a state?**
Shum Financial Group, Inc. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285426.

**How much does Shum Financial Group, Inc. manage?**
Shum Financial Group, Inc. reports $321,953,763 in regulatory assets under management in its Form ADV filing dated February 23, 2026 (100% discretionary).

**How have Shum Financial Group, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Shum Financial Group, Inc. serve?**
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).

**Which custodians does Shum Financial Group, Inc. use?**
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.

**Does Shum Financial Group, Inc. report any disciplinary disclosures?**
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

**Does Shum Financial Group, Inc. state an account minimum?**
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."

**What changed in Shum Financial Group, Inc.'s recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $287,130,475 to $321,953,763 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 23, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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.

- Flat fee: $2,500 to $10,000 (Financial planning and consulting services)

> 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.

- Hourly rate: $500 an hour (Financial planning and consulting services)

> Financial planning and consulting services are offered based on an hourly fee of $500 per hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $321,953,763
- Discretionary: $321,953,763
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 200 | $61,520,725 |
| High net worth individuals | 121 | $247,414,470 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $6,979,038 |
| Charitable organizations | 2 | $5,416,547 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 3 | $622,983 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2017 (9 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, HI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- shumfinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $188,574,104 | 4 | April 22, 2021 |
| October 2022 | $218,695,889 | 2 | February 24, 2022 |
| October 2023 | $210,669,749 | 4 | September 15, 2023 |
| October 2024 | $246,070,841 | 4 | February 8, 2024 |
| October 2025 | $287,130,475 | 4 | February 12, 2025 |
| October 2026 | $321,953,763 | 4 | February 23, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $287,130,475 to $321,953,763 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shum Financial Group, Inc. (CRD 285426): Form ADV filing data as of October 2026.