Benjamin Securities, Inc
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Overview
Benjamin Securities, Inc operates as an advisory company based in Hauppauge, New York. The company manages $32.4 million in total assets throughout 111 client accounts. The firm has a small team, including 3 financial advisors. Benjamin Securities, Inc is not a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as equities, bonds and options.
Benjamin Securities, Inc administers 104 of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without needing the client's authorization. The firm also manages seven non-discretionary accounts with a total of $6.3 million in assets under management. The advisory firm supervises an average of $292,127 for each customer account. An average advisor at Benjamin Securities, Inc administers about 37 client accounts, placing it towards the middle in terms of personalization.
The company's central office is at 750 Veterans Memorial Highway, Hauppauge, New York 11788. The firm is legally registered to provide services to customers throughout a number of states, including Florida, Illinois, New York and Ohio.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Benjamin Securities, Inc by the Numbers
$32.4 million
10
111
$292.1 thousand
Fee Structure
Financial advisory fees usually vary depending on which services the firm provides the client. Fees billed by the firm likely are comprised of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to retail investors, high net worth investors and pension plans. Out of its 111 clients, Benjamin Securities, Inc's biggest client by number of accounts is retail investors, but it also caters to eight high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 10.67%
- Other Individuals - 88%
- Corporations - 1.33%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Benjamin Securities, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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