Benningfield Financial Advisors, LLC (San Francisco)

Name: Benningfield Financial Advisors, LLC
Address: The Presidio Of San Francisco, San Francisco, CA, 94129 1700
Telephone: 415-561-6688

Benningfield Financial Advisors, LLC is a large advisory firm based in San Francisco. It manages $146.71 million of regulatory assets for 280 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and New York.

Benningfield Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Benningfield Financial Advisors: assets under management

The assets under management (AUM) of Benningfield Financial Advisors, LLC is $146.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $146.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $523.98 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Benningfield Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Benningfield Financial Advisors serves?

The only and largest group of clients of Benningfield Financial Advisors is high net worth individuals with 45 clients and $141.51 million of assets under management. Among the 8 most similar advisory firms, Benningfield Financial Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $141.51 million for 45 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Benningfield Financial Advisors doesn't advise any private funds.

Careers at Benningfield Financial Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives 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
Milo Mark Benningfield	Managing member and chief compliance officer	1 Feb 2003	75% - 100%	4937721
Milo Mark Benningfield	Managing member and chief compliance officer	1 Dec 2007	75% - 100%	4937721

Based in San Francisco

The principal office where Benningfield Financial Advisors, LLC performs its advisory services is located at The Presidio Of San Francisco, San Francisco, CA 94129 1700, 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 415-561-6688 or by fax 415-520-5800. The normal business hours are 9am - 5 pm on Monday - Friday. You can find more information about the New York firm at benningfieldadvisors.com.