Beneficial Investment Services, Inc. (Salt Lake City)

Beneficial Investment Services, Inc. is a large advisory firm based in Salt Lake City. It manages $41.29 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Beneficial Investment Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beneficial Investment Services: assets under management

The assets under management (AUM) of Beneficial Investment Services, Inc. is $41.29 million. The company doesn't manage any assets belonging to foreign clients.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beneficial Investment Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Beneficial Investment Services, Inc.

Charles Frederick Ii Funke has been acting as President since 1 Aug 2006. Inc. Insphere Insurance Solutions joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Reed Hancock	Cfo/treasurer/finop	1 Mar 2004	Other	xxx-xx-xxxx
Beneficial Life Insurance Company	Owner	1 Mar 2004	75% - 100%	87-0115120
Charles Frederick Ii Funke	Sole director/president/ceo	1 Aug 2006	Other	2574335
Patricia Ann Ross	Chief compliance officer/ executive representative/secretary	1 Dec 2006	Other	717926
Matthew Gerard Stahr	Chief operations officer	1 Dec 2006	Other	2689806
Sharon Kay Weinle	Chief compliance officer	1 Oct 2007	Other	1207462
Michael Philip Maughan	Cfo/treasurer/finop	1 Nov 2007	Other	4771751
Sharon Kay Weinle	Chief operations officer	1 Nov 2007	Other	1207462
Matthew Paul Stansfield	Rosfp/ operations manager	1 Feb 2008	Other	4212042
John David Pearce	Chief compliance officer	1 Jun 2008	Other	5290284
Inc. Insphere Insurance Solutions	Shareholder	1 Apr 2010	75% - 100%	27-0277771
James Christopher Mason	Director/ chairman	1 Apr 2010	Other	3008152

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Dmc Reserve Trust	Owner	1 Dec 1997	75% - 100%	87-0569882
Deseret Management Corporation	Owner	1 Dec 1998	75% - 100%	87-0274433
Thomas S. Monson	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Robert D. Hales	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Russell M. Nelson	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Thomas Monson	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Robert Dean Hales	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Russel Nelson	Trustee	1 Mar 2006	25% - 50%	xxx-xx-xxxx
Llc Healthmarkets	Shareholder	1 Apr 2010	75% - 100%	75-2044750
Inc. Healthmarkets	Owner	1 Apr 2010	75% - 100%	75-2044750

Based in Salt Lake City

The principal office where Beneficial Investment Services, Inc. performs its advisory services is located at 150 Social Hall Ave., Salt Lake City, UT 84111 The mailing address of the firm is Po Box 3510, Salt Lake City, UT 84110 3510. An additional office of the firm is in Midvale, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-278-1103 or by fax 800-615-2060. The normal business hours are 7:30 am to 5:00 pm on Monday - Friday.