# Benefit Financial Services Group

> 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.

- CRD: 143617
- Filed as: BENEFIT FINANCIAL SERVICES GROUP
- Legal name: BFSG, LLC
- Also doing business as: BFS INSTITUTIONAL SERVICES, BFS WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Irvine, CA
- Filing period: October 2026
- Form ADV filing dated: June 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143617
- AdvisorCensus page: https://advisorcensus.com/firm/benefit-financial-services-group-irvine-ca-143617

## Quick answers

**How is Benefit Financial Services Group compensated?**
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.

**Where is Benefit Financial Services Group located?**
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).

**Is Benefit Financial Services Group registered with the SEC or a state?**
Benefit Financial Services Group is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143617.

**How much does Benefit Financial Services Group manage?**
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).

**How have Benefit Financial Services Group's assets and staff changed since 2021?**
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.

**What types of clients does Benefit Financial Services Group serve?**
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).

**Which custodians does Benefit Financial Services Group use?**
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.

**Does Benefit Financial Services Group report any disciplinary disclosures?**
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

**What changed in Benefit Financial Services Group's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,535,338,692
- Discretionary: $1,534,792,515
- Non-discretionary: $546,177

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 536 | $204,412,321 |
| High net worth individuals | 325 | $1,191,641,780 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $12,826,514 |
| Charitable organizations | 11 | $34,768,933 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $45,184,240 |
| Corporations or other businesses not listed above | Fewer than 5 | $29,626,383 |
| Other | Fewer than 5 | $16,878,521 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2007 (19 years)
- Employees: 31 total, 27 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, ID, IL, MA, NC, NE, NJ, NM, NV, NY, OR, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Phoenix, AZ

### Websites listed on Form ADV (Item 1.I)
- bfsg.com
- focusfinancialpartners.com
- Facebook @BFSGLLC
- Instagram @bfsgllc
- LinkedIn @BFSG-LLC
- LinkedIn @focus-financial-partners
- X @FocusFinancial
- X @bfsgllc
- YouTube @bfsg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $950,894,156 | 28 | July 7, 2021 |
| October 2022 | $1,104,636,077 | 31 | July 25, 2022 |
| October 2023 | $976,966,481 | 32 | September 28, 2023 |
| October 2024 | $1,149,087,191 | 32 | July 8, 2024 |
| October 2025 | $1,290,227,768 | 31 | March 31, 2025 |
| October 2026 | $1,535,338,692 | 31 | June 15, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

### December 2025
- Registered or notice-filed in UT, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Benefit Financial Services Group (CRD 143617): Form ADV filing data as of October 2026.