DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Shum Financial Group, Inc.
Latest filing Feb 23, 2026
First filing on the tape May 2, 2017 · 19 filings
SEC status approved since May 31, 2017
RAUM
$322M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$309M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$80.5M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$322M as of Feb 23, 2026
Jan 18, 2018$149M then
HNW client RAUM$247M as of Feb 23, 2026
Jan 18, 2018$86.6M then
State-registered IARs (5.B.3)4 as of Feb 23, 2026
Jan 18, 20183 then
Employees (5.A)4 as of Feb 23, 2026
Jan 18, 20183 then
Private funds: no history
RAUM +12% over the last fiscal year+15% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Feb 23, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $80.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 80derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $325,206derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
- Custody
- $127M, 161 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$247M77%
- Individuals$61.5M19%
- Pension and profit-sharing plans$7.0M2.2%
- Charitable organizations$5.4M1.7%
- Corporations and businesses$622,9830.2%
- Individual clients
- 200reported
- HNW clients
- 121reported
- Pension plan clients
- 4reported
- Charitable clients
- 2reported
- Accounts
- 990reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $127M for 161 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Cliff Wingyin ShumCertified Financial Planner | Alameda, Ca | Sep 25, 2019 | 28 y | 3 |
| Maria Juliana Valencia | Alameda, Ca | Sep 15, 2023 | 10 y | 0 |
| Stephanie Fisher | Alameda, Ca | Sep 15, 2023 | 22 y | 0 |
| Elyse Nicole SanchezCertified Financial Planner | Alameda, Ca | Oct 23, 2025 | 10 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Calvin Lee to Gamma Investing LLCFeb 7, 2022 · RIA to RIA
- Eric John Olney to Integrated Advisors Network LLCFeb 7, 2022 · RIA to RIA
Joined, latest
- Elyse Nicole Sanchez from Girard Securities, Inc.Oct 23, 2025 · Other
- Cliff Wingyin Shum from Girard Securities, Inc.Sep 25, 2019 · Other
- Eric John Olney from Girard Securities, Inc.Jan 17, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Girard Securities, Inc.Apr 11, 2017 · San Diego, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Wingyin Cliff Shum · President/Chief Compliance Officercontrolsince 10/2016 · owns 75% or more
Related persons
Schedule D 7.A
- Cliff Shumreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Alameda, Ca · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 977 to 990Feb 12, 2025 to Feb 23, 2026
- Charity clients · 4 to 2Feb 12, 2025 to Feb 23, 2026
- HNW clients · 120 to 121Feb 12, 2025 to Feb 23, 2026
- Individual clients · 201 to 200Feb 12, 2025 to Feb 23, 2026
- Assets in custody · $119M to $127MFeb 12, 2025 to Feb 23, 2026
- Discretionary RAUM · $287M to $322MFeb 12, 2025 to Feb 23, 2026
- HNW RAUM · $221M to $247MFeb 12, 2025 to Feb 23, 2026
- Individual RAUM · $54.6M to $61.5MFeb 12, 2025 to Feb 23, 2026
- Pension RAUM · $5.7M to $7.0MFeb 12, 2025 to Feb 23, 2026
- RAUM · $287M to $322MFeb 12, 2025 to Feb 23, 2026
- Accounts · 310 to 977Feb 8, 2024 to Feb 12, 2025
- Charity clients · 2 to 4Feb 8, 2024 to Feb 12, 2025
- Corporate clients · 2 to 3Feb 8, 2024 to Feb 12, 2025
- HNW clients · 86 to 120Feb 8, 2024 to Feb 12, 2025
- Individual clients · 223 to 201Feb 8, 2024 to Feb 12, 2025
- Pension plan clients · 2 to 4Feb 8, 2024 to Feb 12, 2025
- Assets in custody · $99.6M to $119MFeb 8, 2024 to Feb 12, 2025
- Financial planning clients · 251-500 to 0Feb 8, 2024 to Feb 12, 2025
- Discretionary RAUM · $246M to $287MFeb 8, 2024 to Feb 12, 2025
- HNW RAUM · $176M to $221MFeb 8, 2024 to Feb 12, 2025
- Individual RAUM · $62.6M to $54.6MFeb 8, 2024 to Feb 12, 2025
- Pension RAUM · $2.4M to $5.7MFeb 8, 2024 to Feb 12, 2025
- RAUM · $246M to $287MFeb 8, 2024 to Feb 12, 2025
- Accounts · 986 to 310Nov 8, 2023 to Feb 8, 2024
- HNW clients · 92 to 86Nov 8, 2023 to Feb 8, 2024
- Individual clients · 257 to 223Nov 8, 2023 to Feb 8, 2024
- Assets in custody · $156M to $99.6MNov 8, 2023 to Feb 8, 2024
- Financial planning clients · 1-10 to 251-500Nov 8, 2023 to Feb 8, 2024
- Discretionary RAUM · $223M to $246MNov 8, 2023 to Feb 8, 2024
- HNW RAUM · $159M to $176MNov 8, 2023 to Feb 8, 2024
- Individual RAUM · $57.0M to $62.6MNov 8, 2023 to Feb 8, 2024
- Pension RAUM · $2.1M to $2.4MNov 8, 2023 to Feb 8, 2024
- RAUM · $223M to $246MNov 8, 2023 to Feb 8, 2024
- Accounts · 902 to 986Sep 15, 2023 to Nov 8, 2023
- Corporate clients · 1 to 2Sep 15, 2023 to Nov 8, 2023
- HNW clients · 120 to 92Sep 15, 2023 to Nov 8, 2023
- Individual clients · 277 to 257Sep 15, 2023 to Nov 8, 2023
- Discretionary RAUM · $211M to $223MSep 15, 2023 to Nov 8, 2023
- HNW RAUM · $147M to $159MSep 15, 2023 to Nov 8, 2023
- Individual RAUM · $57.1M to $57.0MSep 15, 2023 to Nov 8, 2023
Signals
3 dated events
- Eric John Olney left Shum Financial Group, Inc. for Integrated Advisors Network Llc (registered 2023-09-29)Feb 7, 2022 · Advisor changed firm · fact
- Calvin Lee left Shum Financial Group, Inc. for Gamma Investing Llc (registered 2022-01-18)Feb 7, 2022 · Advisor changed firm · fact
- Shum Financial Group, Inc. filed its initial SEC registration (Form ADV)May 2, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- jess@shumfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- juliana@shumfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- patrick@shumfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- thuong@shumfinancial.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 510-748-7462reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 510-769-4990reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- SHUMFINANCIAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 510-748-7462reportedpublic record, Form ADV, Feb 23, 2026
- Contact form
- shumfinancial.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- shumfinancial.com/teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $80.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026