Benson L K & Co P C (Towson)

Name: Benson L K & Co P C
Address: 1107 Kenilworth Drive, Towson, MD, 21204 2186
Telephone: 410-494-6680

Benson L K & Co P C is a large advisory firm based in Towson. It manages $320.52 million of regulatory assets for 100 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Maryland.

Benson L K & Co P C provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Benson L K & Co P C: assets under management

The assets under management (AUM) of Benson L K & Co P C is $320.52 million. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $235.22 million in discretionary accounts and $85.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.68 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.37 million.

Benson L K & Co P C has custody of $71.13 million in cash and securities for 46 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Benson L K & Co P C for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lyle Kraus Benson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lyle Kraus Benson is high net worth individuals with 50 clients and $312.34 million of assets under management. Among the 7 most similar advisory firms, Benson L K & Co P C has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $320.52 million for 66 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.

Benson L K & Co P C doesn't advise any private funds.

Careers at Benson L K & Co P C

The company employs 10 people that are either part- or full-time employees. 40 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.

Lyle Kraus Benson has been acting as President since 1 Nov 1994. Christopher David Benson joined the executive team most recently as the Principal And Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lyle Kraus Benson	President	1 Nov 1994	75% - 100%	4363773
Lyle Kraus Benson	Chief compliance officer	1 Sep 2004	75% - 100%	4363773
Christopher David Benson	Principal and shareholder	1 Dec 2018	Other	6199681

Based in Towson

The principal office where Benson L K & Co P C performs its advisory services is located at 1107 Kenilworth Drive, Towson, MD 21204 2186, 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 410-494-6680 or by fax 410-494-6682. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at lkbenson.com.