Benemark, Inc (Westport)

Name: Benemark, Inc
Address: 965 Post Road East, Westport, CT, 06880
Telephone: 203-222-3575

Benemark, Inc is a large advisory firm based in Westport. It manages $194.59 million of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Connecticut and New York.

Benemark provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Benemark: assets under management

The assets under management (AUM) of Benemark, Inc is $194.59 million. $519.05 thousand of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in state and local bonds the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Benemark, Inc for their services and products based on a percentage of assets under management and fixed fees. 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 Robert Anthony Medvey serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Robert Anthony Medvey is individuals with 63 clients and $146.69 million of assets under management. Among the 8 most similar advisory firms, Benemark has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $194.59 million for 69 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Benemark doesn't advise any private funds.

Careers at Benemark, Inc

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Robert Anthony Medvey has been acting as President since 1 Aug 1995. Gregg Gerald Padilla joined the executive team most recently as the Treasurer, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregg Gerald Padilla	Treasurer, chief compliance officer	1 Aug 1995	50% - 75%	2299049
Robert Anthony Medvey	President	1 Aug 1995	50% - 75%	2513314

Based in Westport

The principal office where Benemark, Inc performs its advisory services is located at 965 Post Road East, Westport, CT 06880, 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 203-222-3575 or by fax 203-222-3576. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at benemark.com.