Benefit Financial Services Group
Answer a few questions and
get matched with an advisor.
Learn more about Benefit Financial Services Group
Overview
Benefit Financial Services Group is a financial advisor firm that has its headquarters in Irvine, California. The firm administers $977.0 million in total assets throughout 1,978 accounts, making it one of the larger firms in the country by assets under management (AUM). Benefit Financial Services Group has a small group, including 26 financial advisors. Benefit Financial Services Group does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as stocks, options and bonds.
Benefit Financial Services Group administers more than half of its accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions for the client's account are made by an investment advisor without needing the customer's consent. The firm also oversees two non-discretionary accounts totaling $357,007 in AUM. The investment advisory firm's average account size is $493,916. The average advisor at Benefit Financial Services Group oversees about 76 client accounts.
The company's central office is located at 2040 Main Street, Irvine, California 92614. It is permitted to serve clients throughout 14 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Benefit Financial Services Group by the Numbers
$977.0 million
32
1,978
$493.9 thousand
Products and Services
Benefit Financial Services Group offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the last fiscal year, the company provided financial planning services to 101-250 of its accounts. The firm is engaged in selling products or offering services aside from investment advice to its customers. It is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.
Core Advisor Services
-
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
-
Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
-
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
-
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
-
Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees usually depend on which services the firm provides the client. Fees billed by the company can consist of the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Benefit Financial Services Group.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The firm does business with a number of different customers. It provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans and charitable organizations. Out of its 1,978 customers, Benefit Financial Services Group's largest client by number of accounts is retail investors, although it also manages money for 262 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients reside abroad.
- High-Net-Worth Individuals* - 33.29%
- Other Individuals - 63.91%
- Corporations - 1.52%
- Charitable Organizations - 1.27%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Benefit Financial Services Group does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Benefit Financial Services Group
Irvine, CA
Irvine, CA
Phoenix, AZ
Irvine, CA
Phoenix, AZ
Irvine, CA
Irvine, CA
Irvine, CA
Irvine, CA
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.