DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Benefit Financial Services Group
Legal name Bfsg, LLC
Latest filing Jun 15, 2026
First filing on the tape Mar 26, 2012 · 47 filings
SEC status approved since Apr 17, 2007
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
91%
$1.4B individuals and HNW
Advisors
25
registered through the firm on IAPD
RAUM per advisor
$61.4M
derived; firm RAUM over IAPD count
Employees
31
27 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$1.5B as of Jun 15, 2026
Mar 26, 2012$5.1B then
HNW client RAUM$1.2B as of Jun 15, 2026
Mar 27, 2018$304M then
State-registered IARs (5.B.3)25 as of Jun 15, 2026
Mar 21, 20135 then
Employees (5.A)31 as of Jun 15, 2026
Mar 21, 20138 then
Private funds1 as of Mar 27, 2023
Mar 23, 20171 then
RAUM +19% over the last fiscal year+16% a year over threeIARs 26 to 25
Practice profile
derived from the filing of Jun 15, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
- RAUM per advisor
- $61.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 34derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.7MderivedHNW RAUM over HNW clients
- Average account
- $670,746derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 4.2derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- -3.8%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.6%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
- Custody
- $394M, 269 clientsreportedItem 9.A
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- controlled by a public reporting company (10.A)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.2B78%
- Individuals$204M13%
- State and municipal entities$45.2M3.0%
- Charitable organizations$34.8M2.3%
- Corporations and businesses$29.6M2.0%
- Pension and profit-sharing plans$12.8M0.8%
- Individual clients
- 536reported
- HNW clients
- 325reported
- Pension plan clients
- 15reported
- Charitable clients
- 11reported
- Accounts
- 2,289reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $394M for 269 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.06 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
25 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Christopher Scott Rowey | Irvine, Ca | Aug 22, 2007 | 32 y | 0 |
| Darren Robert Stewart | Irvine, Ca | Sep 25, 2007 | 18 y | 0 |
| Chad Arash Noorani | Irvine, Ca | Oct 21, 2013 | 15 y | 0 |
| Aksana Munoz | Irvine, Ca | Jun 5, 2014 | 13 y | 0 |
| Patrick David PowersCertified Financial Planner, Personal Financial Specialist | Irvine, Ca | Jan 16, 2016 | 23 y | 2 |
| Kyle Henry Nixon | Irvine, Ca | Jan 16, 2016 | 12 y | 1 |
| Michael Angelo AllbeeCertified Financial Planner | Irvine, Ca | Jan 16, 2016 | 18 y | 1 |
| Braden Linwood PriestChartered Financial Analyst | Irvine, Ca | Feb 26, 2016 | 10 y | 0 |
| Grace LauChartered Financial Analyst | Phoenix, Az | Feb 3, 2017 | 30 y | 1 |
| Mark Layne BlomCertified Financial Planner | Irvine, Ca | Mar 13, 2017 | 25 y | 3 |
| Nicole Elizabeth Chou | Irvine, Ca | Nov 12, 2018 | 10 y | 0 |
| Martina Marie SchackmanCertified Financial Planner, Chartered Financial Analyst | Irvine, Ca | Apr 16, 2019 | 26 y | 3 |
| Steven Lee Yamshon | Irvine, Ca | Jul 1, 2019 | 40 y | 2 |
| Robert Verdugo | Irvine, Ca | Jul 8, 2019 | 12 y | 0 |
| Paul D HornCertified Financial Planner | Irvine, Ca | Jul 24, 2019 | 21 y | 6 |
| Keith Merritt JohnsonCertified Financial Planner | Lakewood Ranch, Fl | Sep 7, 2019 | 30 y | 3 |
| Arash NaviCertified Financial Planner | Irvine, Ca | Sep 23, 2019 | 10 y | 0 |
| Antonia Angela Lipovac | Irvine, Ca | Apr 22, 2020 | 13 y | 1 |
| Henry Joseph VanbuskirkCertified Financial Planner | Irvine, Ca | Jul 8, 2022 | 12 y | 2 |
| John Christopher Campbell | Heath, Tx | Oct 6, 2022 | 35 y | 1 |
| Erin Rose Schneider | Irvine, Ca | Dec 12, 2022 | 15 y | 0 |
| Brent James MillerChartered Financial Analyst | Phoenix, Az | Feb 7, 2024 | 11 y | 2 |
| Scott Matthew SollarsCertified Financial Planner | Phoenix, Az | Feb 21, 2024 | 26 y | 4 |
| Sophia Yu LiuCertified Financial Planner | Irvine, Ca | Aug 9, 2024 | 11 y | 2 |
| Gavin Walker GroveCertified Financial Planner | Irvine, Ca | Jul 2, 2026 | 10 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Thomas Stewart Kyle to Ep Wealth AdvisorsAug 10, 2023 · RIA to RIA
- Crystal K Colbert to Financial Sense Advisors, Inc.May 20, 2022 · RIA to RIA
- Scott William Blaney to LPL Financial LLCMar 11, 2013 · Other
- Nathaniel Chang to Imperial Capital Asset Management LLCOct 6, 2011 · Other
- Catherine Constance Christ to Nfp Advisor Services, LLCJul 20, 2010 · Other
- Maribel Larios Thomas to Fiduciary Experts LLCMar 27, 2009 · Other
- Chris Randall Folgmann to Financial Advisers Of America, LLCMar 20, 2008 · Other
- Dennis Eugene Priest to Osaic Wealth, Inc.Mar 20, 2008 · Other
Joined, latest
- Gavin Walker Grove from Pfg AdvisorsJul 2, 2026 · RIA to RIA
- Sophia Yu Liu from Merrill Lynch, Pierce, Fenner & Smith IncorporatedAug 9, 2024 · Wirehouse to independent RIA
- Scott Matthew Sollars from Schwab Wealth Advisory, Inc.Feb 21, 2024 · Other
- Brent James Miller from Sabrient Systems, LLCFeb 7, 2024 · Other
- John Christopher Campbell from Benefit Funding Services GroupOct 6, 2022 · Other
- Henry Joseph Vanbuskirk from Cetera Investment Advisers LLCJul 8, 2022 · Affiliated broker-dealer or bank to independent RIA
- Crystal K Colbert from Financial Sense Advisors, Inc.Mar 3, 2022 · RIA to RIA
- Antonia Angela Lipovac from Commonwealth Financial NetworkApr 22, 2020 · Affiliated broker-dealer or bank to independent RIA
- Keith Merritt Johnson from Allworth Financial, L.P.Sep 7, 2019 · RIA to RIA
- Paul D Horn from Ark Financial Advisors, LLCJul 24, 2019 · Other
- Steven Lee Yamshon from Stevens First Principles Investment AdvisorsJul 1, 2019 · Other
- Mark Layne Blom from Ria AdvisorsMar 13, 2017 · Other
- Grace Lau from Pacwest Financial Management IncFeb 3, 2017 · Other
- Scott William Blaney from Planmember Securities CorporationJan 18, 2013 · Other
- Nathaniel Chang from Goldman Sachs Wealth Services, L.P.Jan 28, 2010 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Powers Capital Investments, Inc.Mar 28, 2016 · Anaheim Hills, Ca · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| 805-2135054767no longer reported | Other Private Fund | $14.4M | 5 | Mar 21, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Angelo Michael Allbee · Vice President And Chief Compliance Officercontrolsince 01/2016 · owns less than 5%
- Christopher John Campbell · Co-Presidentcontrolsince 03/2007 · owns less than 5%
- Grace Lau · Co-Presidentcontrolsince 01/2017 · owns less than 5%
- David Patrick Powers · Co-Presidentcontrolsince 01/2016 · owns less than 5%
- Scott Christopher Rowey · Vice Presidentcontrolsince 01/2016 · owns less than 5%
- Marie Martina Schackman · Vice Presidentcontrolsince 03/2019 · owns less than 5%
- Robert Darren Stewart · Vice President And Secretarycontrolsince 01/2016 · owns less than 5%
- Lee Steven Yamshon · Co-Presidentcontrolsince 01/2020 · owns less than 5%
Entity owners
- Focus Operating, LLC · Member (Manager)direct · owns 75% or more
- Cd&R Ferdinand Co-Investor, L.P. · Partnerindirect · owns 25% to 50% of Cd&R Ferdinand Holdings, L.P.
- Cd&R Ferdinand Holdings, L.P. · Partnerindirect · owns 50% to 75% of Ferdinand Ffp Ultimate Holdings, LP
- Clayton, Dubilier & Rice Fund Xii, L.P. · Partnerindirect · owns 50% to 75% of Cd&R Ferdinand Holdings, L.P.
- Ferdinand Ffp Acquisition, LLC · Shareholder, Class A Common Stockindirect · owns 75% or more of Focus Financial Partners Inc.
- Ferdinand Ffp Intermediate Holdings, LLC · Memberindirect · owns 75% or more of Ferdinand Ffp Acquisition, LLC
- Ferdinand Ffp Parent, Inc. · Memberindirect · owns 75% or more of Ferdinand Ffp Intermediate Holdings, LLC
- Ferdinand Ffp Ultimate Holdings, LP · Shareholderindirect · owns 75% or more of Ferdinand Ffp Parent, Inc.
- Ferdinand Ffp Ultimate Holdings, LP · Shareholder, Class B Common Stockindirect · owns 75% or more of Focus Financial Partners Inc.
- Focus Financial Partners Inc. · Memberindirect · owns 75% or more of Focus Financial Partners, LLC
- Focus Financial Partners, LLC · Memberindirect · owns 75% or more of Focus Operating, LLC
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Irvine, Ca · principal | 25 | 1 | 0 | ||
| Phoenix, Az | 6 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Phoenix, AZ6 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 27, 2026accounts (Item 5.F.2.f) moved from 855.0 to 2,289.0 (+168.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was +6.0% (1206 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,206) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 855 to 2,289Oct 23, 2025 to Mar 27, 2026
- Advisory employees · 26 to 27Oct 23, 2025 to Mar 27, 2026
- HNW clients · 307 to 325Oct 23, 2025 to Mar 27, 2026
- Individual clients · 516 to 536Oct 23, 2025 to Mar 27, 2026
- Assets in custody · $315M to $394MOct 23, 2025 to Mar 27, 2026
- Financial planning clients · 101-250 to 251-500Oct 23, 2025 to Mar 27, 2026
- State-registered IARs · 26 to 25Oct 23, 2025 to Mar 27, 2026
- Discretionary RAUM · $1.3B to $1.5BOct 23, 2025 to Mar 27, 2026
- HNW RAUM · $1.0B to $1.2BOct 23, 2025 to Mar 27, 2026
- Individual RAUM · $189M to $204MOct 23, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $514,670 to $546,177Oct 23, 2025 to Mar 27, 2026
- Pension RAUM · $9.4M to $12.8MOct 23, 2025 to Mar 27, 2026
- RAUM · $1.3B to $1.5BOct 23, 2025 to Mar 27, 2026
- Accounts · 2,058 to 855Dec 18, 2024 to Mar 31, 2025
- HNW clients · 277 to 307Dec 18, 2024 to Mar 31, 2025
- Individual clients · 519 to 516Dec 18, 2024 to Mar 31, 2025
- Pension plan clients · 14 to 15Dec 18, 2024 to Mar 31, 2025
- Assets in custody · $228M to $315MDec 18, 2024 to Mar 31, 2025
- Employees · 32 to 31Dec 18, 2024 to Mar 31, 2025
- Financial planning clients · 51-100 to 101-250Dec 18, 2024 to Mar 31, 2025
- State-registered IARs · 24 to 26Dec 18, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.1B to $1.3BDec 18, 2024 to Mar 31, 2025
- HNW RAUM · $882M to $1.0BDec 18, 2024 to Mar 31, 2025
- Individual RAUM · $192M to $189MDec 18, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $381,356 to $514,670Dec 18, 2024 to Mar 31, 2025
- Pension RAUM · $13.9M to $9.4MDec 18, 2024 to Mar 31, 2025
- RAUM · $1.1B to $1.3BDec 18, 2024 to Mar 31, 2025
- Related insurance company · false to trueDec 18, 2024 to Mar 31, 2025
- Other offices · 4 to 5Mar 25, 2024 to Apr 10, 2024
- Accounts · 1,978 to 2,058Nov 3, 2023 to Mar 25, 2024
- Advisory activities · 8 to 7Nov 3, 2023 to Mar 25, 2024
- Charity clients · 10 to 11Nov 3, 2023 to Mar 25, 2024
- HNW clients · 262 to 277Nov 3, 2023 to Mar 25, 2024
- Individual clients · 503 to 519Nov 3, 2023 to Mar 25, 2024
- Pension plan clients · 11 to 14Nov 3, 2023 to Mar 25, 2024
- Pooled vehicle clients · 1.0 to unsetNov 3, 2023 to Mar 25, 2024
- Assets in custody · $195M to $228MNov 3, 2023 to Mar 25, 2024
- Financial planning clients · 101-250 to 51-100Nov 3, 2023 to Mar 25, 2024
- State-registered IARs · 23 to 24Nov 3, 2023 to Mar 25, 2024
- Other offices · 1 to 4Nov 3, 2023 to Mar 25, 2024
Signals
8 dated events
- Thomas Stewart Kyle left Benefit Financial Services Group for Ep Wealth Advisors (registered 2025-10-30)Aug 10, 2023 · Advisor changed firm · fact
- Crystal K Colbert left Benefit Financial Services Group for Financial Sense Advisors, Inc. (registered 2022-06-07)May 20, 2022 · Advisor changed firm · fact
- Benefit Financial Services Group reported RAUM $854.1M, up 92% from $444.8M (2020-02-25 to 2020-03-26)Mar 26, 2020 · RAUM change · derived
- Lee Steven Yamshon (Co-President) appeared on Schedule A of Benefit Financial Services GroupMar 26, 2020 · Control person joined · fact
- Marie Rachel Fequiere (Vice President & Treasurer) no longer on Schedule A of Benefit Financial Services Group (listed 2019-05-24, absent 2019-07-01)Jul 1, 2019 · Control person left · inference
- Marie Martina Schackman (Vice President) appeared on Schedule A of Benefit Financial Services GroupJul 1, 2019 · Control person joined · fact
- Benefit Financial Services Group reported RAUM $444.8M, down 58% from $1.1B (2018-10-23 to 2019-03-28)Mar 28, 2019 · RAUM change · derived
- Benefit Financial Services Group reported RAUM $1.1B, up 204% from $350.5M (2017-08-01 to 2018-03-27)Mar 27, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Benefit Financial Services Group · Family Officesshared crd · office
How to reach
public business contact points only, each with its source
- Business phone
- 602-997-8882reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 888-726-9378reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/focus-financial-partnersreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/BFSG-LLCreportedpublic record, Form ADV, Sep 17, 2026
- Website
- bfsg.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 949-955-2552reportedpublic record, Form ADV, Jun 15, 2026
- Team page
- bfsg.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $61.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026