Bluestar Wealth Management

Blue Star Wealth Management provides ongoing portfolio management to individuals and high‑net‑worth individuals, preparing a written investment policy statement for each client and offering both discretionary and non‑discretionary services. The firm reports managing about $128 million discretionary and $6 million non‑discretionary across roughly 68 client relationships and charges asset‑based or flat fees (asset‑based fees are withdrawn from custodian accounts).

The firm’s investment process combines fundamental analysis and modern portfolio theory to construct client portfolios and documents risk tolerance and time horizon in each client’s IPS. BSWML uses a mix of long‑ and short‑term trading and may employ margin and options strategies (including covered and uncovered options), and it monitors accounts at least quarterly with monthly custodian reporting.

Noteworthy operational features include a requirement that clients use Schwab Institutional as custodian and the firm’s disclosure that it may receive research or other soft‑dollar benefits from the custodian. BSWML also discloses that it does not aggregate or “block” client trades, collects fees in advance with quarterly withdrawals (creating limited custody via standing authorization), and manages what is a comparatively high level of assets per advisor for a two‑advisor firm.