{
  "crd_number": 143617,
  "slug": "benefit-financial-services-group-irvine-ca-143617",
  "primary_business_name": "BENEFIT FINANCIAL SERVICES GROUP",
  "legal_name": "BFSG, LLC",
  "dbas": [
    "BFS INSTITUTIONAL SERVICES",
    "BFS WEALTH MANAGEMENT"
  ],
  "city": "Irvine",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-04-17",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-06-15",
  "carried_forward": false,
  "raum_total": 1535338692.0,
  "raum_discretionary": 1534792515.0,
  "raum_non_discretionary": 546177.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 31,
  "advisory_employees": 27,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 16878521.0,
      "count": null,
      "description": "FAMILY ENTITY",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 34768933.0,
      "count": 11
    },
    "individuals": {
      "raum": 204412321.0,
      "count": 536
    },
    "state_municipal": {
      "raum": 45184240.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 12826514.0,
      "count": 15
    },
    "high_net_worth_individuals": {
      "raum": 1191641780.0,
      "count": 325
    },
    "corporations_other_businesses": {
      "raum": 29626383.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "ID",
    "IL",
    "MA",
    "NC",
    "NE",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OR",
    "TX",
    "UT",
    "VA",
    "WA"
  ],
  "websites": [
    "https://bfsg.com",
    "https://facebook.com/BFSGLLC",
    "https://focusfinancialpartners.com",
    "https://instagram.com/bfsgllc",
    "https://linkedin.com/COMPANY/BFSG-LLC",
    "https://linkedin.com/company/focus-financial-partners",
    "https://twitter.com/FocusFinancial",
    "https://twitter.com/bfsgllc",
    "https://youtube.com/@bfsg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143617",
  "city_as_filed": "IRVINE",
  "url": "https://advisorcensus.com/firm/benefit-financial-services-group-irvine-ca-143617",
  "display_name": "Benefit Financial Services Group",
  "summary": "Benefit Financial Services Group is an SEC-registered investment advisory firm in Irvine, CA, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 15, 2026.",
  "citation": "AdvisorCensus. Benefit Financial Services Group (CRD 143617): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Benefit Financial Services Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Benefit Financial Services Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Benefit Financial Services Group located?",
      "a": "Benefit Financial Services Group's principal office is in Irvine, CA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Benefit Financial Services Group registered with the SEC or a state?",
      "a": "Benefit Financial Services Group is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143617."
    },
    {
      "q": "How much does Benefit Financial Services Group manage?",
      "a": "Benefit Financial Services Group reports $1,535,338,692 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Benefit Financial Services Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Benefit Financial Services Group: Regulatory assets under management: $950,894,156 in the October 2021 data and $1,535,338,692 in the October 2026 data, up 61%. Total employees: 28 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Benefit Financial Services Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (536); high net worth individuals (325); pension and profit sharing plans (but not the plan participants or government pension plans) (15)."
    },
    {
      "q": "Which custodians does Benefit Financial Services Group use?",
      "a": "Benefit Financial Services Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Benefit Financial Services Group report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143617"
    },
    {
      "q": "What changed in Benefit Financial Services Group's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 26 to 27. Regulatory assets under management went from $1,290,227,768 to $1,535,338,692 (+19%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 950894156.0,
      "total_employees": 28,
      "filing_date": "2021-07-07"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1104636077.0,
      "total_employees": 31,
      "filing_date": "2022-07-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 976966481.0,
      "total_employees": 32,
      "filing_date": "2023-09-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1149087191.0,
      "total_employees": 32,
      "filing_date": "2024-07-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1290227768.0,
      "total_employees": 31,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1535338692.0,
      "total_employees": 31,
      "filing_date": "2026-06-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 26 to 27.",
        "Regulatory assets under management went from $1,290,227,768 to $1,535,338,692 (+19%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in UT, VA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/benefit-financial-services-group-irvine-ca-143617.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 536,
      "fewer_than_5": false,
      "raum": 204412321.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 325,
      "fewer_than_5": false,
      "raum": 1191641780.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 12826514.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 11,
      "fewer_than_5": false,
      "raum": 34768933.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 45184240.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 29626383.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 16878521.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/143617",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}