Strategic Benefit Consultants, Inc. (Indianapolis)

Name: Strategic Benefit Consultants, Inc.
Address: 2920 East 96 Th Street, Indianapolis, IN, 46240
Telephone: 317-848-4744

Strategic Benefit Consultants, Inc. is a large advisory firm based in Indianapolis. It manages $534.61 million of regulatory assets for 2,115 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, Florida, Georgia, and 11 other states.

Strategic Benefit Consultants provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Strategic Benefit Consultants: assets under management

The assets under management (AUM) of Strategic Benefit Consultants, Inc. is $534.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $534.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.77 thousand each.

Strategic Benefit Consultants has custody of $273.04 million in cash and securities for 410 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Strategic Benefit Consultants, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Strategic Benefit Consultants serves?

The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Strategic Benefit Consultants is high net worth individuals with 188 clients and $303.26 million of assets under management. Among the 7 most similar advisory firms, Strategic Benefit Consultants has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $534.61 million for 808 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.

Strategic Benefit Consultants doesn't advise any private funds.

Careers at Strategic Benefit Consultants, Inc.

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 7 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.

Carson Michael Shadowen joined the executive team most recently as the Vice President And Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Gaylord Holley	Chief executive officer	1 Jun 1983	50% - 75%	825581
Patrick Brian Morrow	Chief operating officer	1 Dec 1987	50% - 75%	1771060
Erin N Pentz	Chief compliance officer	1 Mar 2013	Other	4737788
Carson Michael Shadowen	Vice president and owner	1 Aug 2017	Other	3239478

Based in Indianapolis

The principal office where Strategic Benefit Consultants, Inc. performs its advisory services is located at 2920 East 96 Th Street, Indianapolis, IN 46240, 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 317-848-4744 or by fax 317-848-4467. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at sbcwealth.com.