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

Sst Benefits Consulting

Institutional managerAliso Viejo, CaliforniaCRD 288129SEC 801-110377IAPD
Legal name Sst Benefits Consulting & Insurance Services, LLC
Latest filing Mar 25, 2026
First filing on the tape Mar 31, 2017 · 20 filings
SEC status approved since Apr 28, 2017
RAUM
$524M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$524M as of Mar 25, 2026
Mar 12, 2018$6.4B then
HNW client RAUM$0 as of Mar 25, 2026
Mar 12, 2018$0 then
State-registered IARs (5.B.3)3 as of Mar 25, 2026
Mar 12, 20184 then
Employees (5.A)3 as of Mar 25, 2026
Mar 12, 20186 then
Private funds: no history
RAUM +87% over the last fiscal year-37% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$175MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$74.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+87%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
hourly, fixed feesreportedItem 5.E
Advisory activities
pension consultingreportedItem 5.G
Ownership
no PE, bank or public-company owner found 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$524M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
5reported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
fixed, hourlyreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Ei Chun Veronica Moo · Directorcontrol
        since 07/2017 · owns less than 5%
      • George Edward O'Malley · Directorcontrol
        since 02/2015 · owns less than 5%
      • Ronald Brett Schneider · Directorcontrol
        since 01/2009 · owns less than 5%
      • Barry Joel Shapiro · Presidentcontrol
        since 05/2023 · owns less than 5%
      • Jerald William Tugaw · Principalcontrol
        since 09/2016 · owns less than 5%
      • J Brian Yu · Chief Compliance Officercontrol
        since 06/2023 · owns less than 5%
      • Rose Hannah Dowling · Assistant Vice President
        since 05/2023 · owns less than 5%
      Entity owners
      • Nfp Retirement, Inc. · Shareholder
        direct · owns 75% or more
      • Aon, Plc · Owner
        indirect · owns 75% or more of Randolph Finance Unlimited Company · public reporting company
      • Nfp Intermediate Holdings B. Corp · Owner
        indirect · owns 75% or more of Nfp Retirement, Inc.
      • Randolph Acquisition Corp. · Owner
        indirect · owns 75% or more of Nfp Intermediate Holdings B. Corp
      • Randolph Finance Unlimited Company · Owner
        indirect · owns 75% or more of Randolph Acquisition Corp.
      Related persons
      Schedule D 7.A
      Advisers that list Sst Benefits Consulting as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      3 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Mar 25, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (71 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: institutional managers, $500M to $1B (71) · 0.0% percentile
      • affiliate changedChange between filings · filing Mar 25, 2026
        broker-dealer affiliate (Item 7.A.1): yes on the filing of 2026-01-02, no on the filing of 2026-03-25
        peers: institutional managers, $500M to $1B (71)
      • RAUM up 50 %Change between filings · filing Mar 25, 2026
        RAUM (Item 5.F) moved from $280,394,905 to $524,070,498 (+87.0%) between the annual amendments of 2025-03-27 and 2026-03-25; the peer median change was +13.0% (63 comparable advisers, 94.0th percentile of changes)
        peers: institutional managers, $500M to $1B (63) · 94% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 4 to 7
        Jan 2, 2026 to Mar 25, 2026
      • Advisory employees · 2 to 3
        Jan 2, 2026 to Mar 25, 2026
      • Pension plan clients · unset to 5.0
        Jan 2, 2026 to Mar 25, 2026
      • Employees · 2 to 3
        Jan 2, 2026 to Mar 25, 2026
      • Insurance-licensed employees · 2 to 3
        Jan 2, 2026 to Mar 25, 2026
      • State-registered IARs · 2 to 3
        Jan 2, 2026 to Mar 25, 2026
      • Non-discretionary RAUM · $280M to $524M
        Jan 2, 2026 to Mar 25, 2026
      • Pension RAUM · unset to 524070498.0
        Jan 2, 2026 to Mar 25, 2026
      • RAUM · $280M to $524M
        Jan 2, 2026 to Mar 25, 2026
      • Related broker-dealer · true to false
        Jan 2, 2026 to Mar 25, 2026
      • Financial planning clients · 0 to 0
        Mar 27, 2025 to Nov 25, 2025
      • Legal name · SST BENEFITS CONSULTING & INSURANCE SERVICES, INC. to SST BENEFITS CONSULTING & INSURANCE SERVICES, LLC
        Mar 27, 2025 to Nov 25, 2025
      • Organization form · Corporation to Limited Liability Company
        Mar 27, 2025 to Nov 25, 2025
      • Related bank · true to false
        Mar 27, 2025 to Nov 25, 2025
      • Accounts · 7 to 4
        May 28, 2024 to Mar 27, 2025
      • Advisory employees · 3 to 2
        May 28, 2024 to Mar 27, 2025
      • Employees · 3 to 2
        May 28, 2024 to Mar 27, 2025
      • Insurance-licensed employees · 3 to 2
        May 28, 2024 to Mar 27, 2025
      • State-registered IARs · 3 to 2
        May 28, 2024 to Mar 27, 2025
      • Non-discretionary RAUM · $1.9B to $280M
        May 28, 2024 to Mar 27, 2025
      • RAUM · $1.9B to $280M
        May 28, 2024 to Mar 27, 2025
      • Related bank · false to true
        May 2, 2024 to May 28, 2024
      • Accounts · 8 to 7
        Mar 29, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $2.1B to $1.9B
        Mar 29, 2023 to Mar 27, 2024
      • RAUM · $2.1B to $1.9B
        Mar 29, 2023 to Mar 27, 2024
      • Accounts · 9 to 8
        Mar 30, 2022 to Mar 29, 2023
      • Advisory employees · 4 to 3
        Mar 30, 2022 to Mar 29, 2023
      • Employees · 5 to 3
        Mar 30, 2022 to Mar 29, 2023
      • Insurance-licensed employees · 4 to 3
        Mar 30, 2022 to Mar 29, 2023
      • State-registered IARs · 4 to 3
        Mar 30, 2022 to Mar 29, 2023
      • Non-discretionary RAUM · $2.5B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • RAUM · $2.5B to $2.1B
        Mar 30, 2022 to Mar 29, 2023
      • Accounts · 33 to 9
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $5.2B to $0
        Mar 31, 2021 to Mar 30, 2022
      • Non-discretionary RAUM · $0 to $2.5B
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $5.2B to $2.5B
        Mar 31, 2021 to Mar 30, 2022
      • Accounts · 35 to 33
        Sep 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $5.5B to $5.2B
        Sep 30, 2020 to Mar 31, 2021
      • RAUM · $5.5B to $5.2B
        Sep 30, 2020 to Mar 31, 2021
      • Related broker-dealer · false to true
        Sep 30, 2020 to Mar 31, 2021
      Signals
      18 dated events
      • Sst Benefits Consulting reported RAUM $524.1M, up 87% from $280.4M (2026-01-02 to 2026-03-25)
        Mar 25, 2026 · RAUM change · derived
      • Sst Benefits Consulting reported RAUM $280.4M, down 85% from $1.9B (2024-05-28 to 2025-03-27)
        Mar 27, 2025 · RAUM change · derived
      • Michell Lori Lieser (Vice President) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Alan Blake Bjordahl (Chief Compliance Officer) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Scott Jeffrey Elvander (Chief Investment Officer) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • J Brian Yu (Chief Compliance Officer) appeared on Schedule A of Sst Benefits Consulting
        Mar 27, 2024 · Control person joined · fact
      • Joseph Vincent Giovinazzo (Ceo) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Ann Jami Chapman (Coo) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Dominic Nicholas Dellavedova (President) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Diane Veronica Lee (Sr Vice President) no longer on Schedule A of Sst Benefits Consulting (listed 2023-03-29, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • George Edward O'Malley (Director) appeared on Schedule A of Sst Benefits Consulting
        Mar 30, 2022 · Control person joined · fact
      • Sst Benefits Consulting reported RAUM $2.5B, down 53% from $5.2B (2021-03-31 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Ei Chun Veronica Moo (Director) appeared on Schedule A of Sst Benefits Consulting
        Mar 30, 2022 · Control person joined · fact
      • Sst Benefits Consulting reported RAUM $5.5B, up 68% from $3.3B (2019-10-23 to 2020-04-08)
        Apr 8, 2020 · RAUM change · derived
      • Sst Benefits Consulting reported RAUM $3.3B, down 49% from $6.4B (2018-08-01 to 2019-03-18)
        Mar 18, 2019 · RAUM change · derived
      • Alan Blake Bjordahl (Chief Compliance Officer) appeared on Schedule A of Sst Benefits Consulting
        Mar 18, 2019 · Control person joined · fact
      • Sst Benefits Consulting reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 31, 2017 · Succession (Item 4) · fact
      • Sst Benefits Consulting filed its initial SEC registration (Form ADV)
        Mar 31, 2017 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      949.460.9898reportedpublic record, Form ADV, Mar 25, 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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026