The Bendix Financial Group, Inc. (Garden City)

Name: The Bendix Financial Group, Inc.
Address: 585 Stewart Ave., Suite 314, Garden City, NY, 11530
Telephone: 516-228-8300

The Bendix Financial Group, Inc. is a mid-sized advisory firm based in Garden City. It manages $75.42 million of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, and New York.

The Bendix Financial Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Bendix Financial Group: assets under management

The assets under management (AUM) of The Bendix Financial Group, Inc. is $75.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 95% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $75.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $325.09 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in non-exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Bendix Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Bendix serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David Bendix is high net worth individuals with 27 clients and $42.8 million of assets under management. Among the 4 most similar advisory firms, The Bendix Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $75.42 million for 158 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.

The Bendix Financial Group doesn't advise any private funds.

Careers at The Bendix Financial Group, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

David Bendix has been acting as President since 1 Jan 1999. Daniel Eccleston joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Bendix	President	1 Jan 1999	75% - 100%	2081745
Daniel Eccleston	Chief compliance officer	1 Jan 2001	Other	3084004

Based in Garden City

The principal office where The Bendix Financial Group, Inc. performs its advisory services is located at 585 Stewart Ave., Suite 314, Garden City, NY 11530, 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 516-228-8300 or by fax 516-228-8302. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at bendixfinancial.com.