Benefit Fiduciary Group LLC (Richmond)

Name: Benefit Fiduciary Group LLC
Address: 7275 Glen Forest Drive, Richmond, VA, 23226
Telephone: 804-457-2309

Benefit Fiduciary Group LLC is a large advisory firm based in Richmond. It manages $500 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of North Carolina and Virginia.

Benefit Fiduciary Group provides pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Benefit Fiduciary Group: assets under management

The assets under management (AUM) of Benefit Fiduciary Group LLC is $500 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100 million in discretionary accounts and $400 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Benefit Fiduciary Group LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Benefit Fiduciary Group serves?

The only and largest group of clients of Benefit Fiduciary Group is pension and profit sharing plans with 25 clients and $500 million of assets under management. Among the 7 most similar advisory firms, Benefit Fiduciary Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $500 million for 25 clients. None of the firm’s clients are foreign persons or businesses.

Benefit Fiduciary Group doesn't advise any private funds.

Careers at Benefit Fiduciary Group LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Richard Brickley	Cco	1 Apr 1998	75% - 100%	2276560

Based in Richmond

The principal office where Benefit Fiduciary Group LLC performs its advisory services is located at 7275 Glen Forest Drive, Richmond, VA 23226, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-457-2309 or by fax 800-385-2303. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at spherient.com/.