A trio of certified financial planners with a small investment advisory firm registered in northeast San Diego County has filed to form another local RIA in partnership with a family trust, according to federal filings.
President Larry Steckler, Vice President Michelle Lin and Client Service Manager Scott Nabb registered Blue Sky Capital Consultants Group with the US Securities and Exchange Commission earlier this year, indicating that they will provide investment advice to wealthy individuals, charities, corporations and pensions and profit sharing. plans.
The new firm is jointly owned by Lin and the McKee and Steckler Family Trust, owned by Steckler and Laurie McKee.
The team appears to remain with Capital Financial Consultants Group, an insurance broker-turned-RIA that is co-owned by Steckler and was managing approximately $178 million at the time of its last ADV filing in April 2023. On Capital Financial's website , Steckler is listed as president and CEO while Lin and Nabb are both named as client services managers.
However, Blue Sky ADV Part 2 filed in late January indicates that client advisory accounts will eventually transition to the new RIA, and a brokerage relationship with Independent Financial Group will continue unchanged.
The Group selected Charles Schwab as the custodian and recipient of directed brokerage services after IFG authorized Blue Sky affiliates to process securities transactions through another broker/dealer.
According to ADV, Blue Sky expects to offer portfolio management services on an asset-based fee schedule ranging from 100 basis points for clients with less than $1 million under management to 60 basis points for those with more than $5 million. million dollars. Financial planning will be offered for a flat fee of $1,500 and consulting services between $100 and $300 per hour. Pension advisory services will be provided for an annual advisory fee of 0.15% to 1.25% of plan assets under management.
There is no minimum account size, but the firm states that it may terminate relationships where assets fall below a level that, “in our sole opinion, is too small to be effectively managed.”
Attempts to reach Steckler for comment went unanswered.