Benjamin Securities, Inc. (Hauppauge)

Benjamin Securities, Inc. is a mid-sized advisory firm based in Hauppauge. It manages $37.98 million of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, New York, and Ohio.

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

Benjamin Securities: assets under management

The assets under management (AUM) of Benjamin Securities, Inc. is $37.98 million. The firm's AUM has gone down by -55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31.77 million in discretionary accounts and $6.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $248.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.55 million.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Benjamin Securities, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Benjamin Securities serves?

The only and largest group of clients of Benjamin Securities is individuals with 87 clients and $36.13 million of assets under management. Among the 0 most similar advisory firms, Benjamin Securities has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $36.13 million for 87 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.

Benjamin Securities doesn't advise any private funds.

Careers at Benjamin Securities, Inc.

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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
Leo Joseph Benjamin	Msrb principal	1 Apr 1983	Other	18114
Anna Marie Benjamin	Vice president/ secretary	1 Apr 1983	50% - 75%	18091
Rosemarie Costa Sepanski	Vice president/ crop	1 Jan 1986	Other	1079636
William Michael Quigley	Vice president /srop	1 Mar 2001	Other	1968265
Thomas William Laundrie	Vice president/ rosfp	1 Jun 2009	Other	1207021
Inc. Baker Global Asset Management	Owner	1 Aug 2011	75% - 100%	27-3564975
William Thomas Baker	President,chief compliance officer,aml compliance officer of benjamin sec. & president,ceo,shareholder of baker global asset	1 Aug 2011	Other	1804430
Gary Gettenberg	Finanacial operations principal	1 May 2014	Other	1973696
Ilina S Stamova	Financial operations principal	1 Jun 2017	Other	5500851

Based in Hauppauge

The principal office where Benjamin Securities, Inc. performs its advisory services is located at 750 Veterans Memorial Highway, Hauppauge, NY 11788, 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 516-931-1090 or by fax 516-931-2153. The normal business hours are 9-5 on Monday - Friday.