Benefitworks, Inc. (Lebanon)

Name: Benefitworks, Inc.
Address: 336 Cumberland Street, Lebanon, PA, 17042
Telephone: 717-273-8441

Benefitworks, Inc. is a large advisory firm based in Lebanon. It manages $108.33 million of regulatory assets for 159 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Pennsylvania.

Benefitworks provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Benefitworks: assets under management

The assets under management (AUM) of Benefitworks, Inc. is $108.33 million. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.2 million in discretionary accounts and $106.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $243.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $707.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is government bonds, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Benefitworks, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brooks Nelson Trefsgar serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Brooks Nelson Trefsgar is pension and profit sharing plans with 27 clients and $93.96 million of assets under management. Among the 10 most similar advisory firms, Benefitworks has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $103.24 million for 60 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.

Benefitworks doesn't advise any private funds.

Careers at Benefitworks, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Brooks Nelson Trefsgar has been acting as President since 1 Apr 1983. Brooks Richard Trefsgar joined the executive team most recently as the Vice President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brooks Nelson Trefsgar	President	1 Apr 1983	50% - 75%	1255940
Robert John Heerdt	Vice-president / chief compliance officer	1 Apr 1983	25% - 50%	241529
Susan Louise Baum	Shareholder	1 Jul 1993	Other	4450459
Brooks Richard Trefsgar	Vice president, chief compliance officer	1 Apr 2009	Other	5342356

Based in Lebanon

The principal office where Benefitworks, Inc. performs its advisory services is located at 336 Cumberland Street, Lebanon, PA 17042 The mailing address of the firm is P O Box 1209, Lebanon, PA 17042. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 717-273-8441 or by fax 717-273-8357. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at benefitworks.com.