Benedict Financial Advisors, Inc. (Atlanta)

Name: Benedict Financial Advisors, Inc.
Address: 6000 Lake Forrest Drive, Atlanta, GA, 30328 5901
Telephone: 770-671-8228

Benedict Financial Advisors, Inc. is a large advisory firm based in Atlanta. It manages $240.42 million of regulatory assets for 593 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Georgia, Michigan, and 3 other states.

Benedict Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Benedict Financial Advisors: assets under management

The assets under management (AUM) of Benedict Financial Advisors, Inc. is $240.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 135% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $240.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $405.43 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Benedict Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Benedict Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Benedict Financial Advisors is high net worth individuals with 81 clients and $157.01 million of assets under management. Among the 8 most similar advisory firms, Benedict Financial Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $240.42 million for 292 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.

Benedict Financial Advisors doesn't advise any private funds.

Careers at Benedict Financial Advisors, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Philip C Benedict	Ceo	1 Oct 1982	25% - 50%	720561
Travis Matthew James	Shareholder	1 Jan 2007	25% - 50%	4297837
Mark Alan Beaver	Shareholder/chief compliance officer	1 Oct 2012	25% - 50%	4509070

Based in Atlanta

The principal office where Benedict Financial Advisors, Inc. performs its advisory services is located at 6000 Lake Forrest Drive, Atlanta, GA 30328 5901, which is also the mailing address of the firm. An additional office of the firm is in Adrian, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-671-8228 or by fax 770-671-0232. 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 benedictfinancial.com and its LinkedIn profile.