Benefit Fiduciary Group LLC

RIASEC RegisteredEst. 2018

Total AUM

$529M

Discretionary

$205M

39% of AUM

Avg account

$11.3M

Accounts

Employees

Advisory reps

Firm details

Headquarters: Richmond, Virginia
CRD number: 291252
Registered since: May 7, 2018
Custodians: THE VANGUARD GROUP, INC., FIDELITY DISTRIBUTORS COMPANY LLC, T. ROWE PRICE INVESTMENT SERVICES, INC.
Fee structure: Percentage of AUM, Hourly Charges
Client types: Pension & Profit Sharing Plans100%
Services: Portfolio Management for IndividualsPension Consulting

Firm profile

FINTRX

Overview

Benefit Fiduciary Group LLC is an SEC-registered limited liability company that operates as an institutional registered investment adviser. The firm registered with the SEC in 2018 and is owned by an individual. Its stated client base is institutional, and it provides advisory services that include portfolio management for individuals and small businesses as well as pension consulting services. Compensation for advice is a mix of a percentage of assets under management and hourly charges. The firm is not a capital allocator, does not identify as an active ESG investor, and is not flagged as a multi-state adviser. Benefit Fiduciary Group LLC lists an industry affiliation with an insurance company, which suggests part of its business relationships or client mix may intersect with insurance-linked assets or institutional insurance clients. The firm’s regulatory classification is Institutional RIA rather than wealth manager or family office; family office services are not mentioned.