{"url":"https://nivawealth.com/firms/benchmark-plus-management-127471","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/127471","regulatoryAum":767365428,"crd":"127471","history":[{"filedOn":"2021-03-30","regulatoryAum":1006889362,"clients":4,"employees":9,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":984038754,"clients":4,"employees":8,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":1021065076,"clients":4,"employees":8,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":1026456829,"clients":9,"employees":8,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":947414604,"clients":9,"employees":8,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":767365428,"clients":9,"employees":5,"offices":1}],"secFileNumber":"801-62490","legalName":"Benchmark Plus Management, LLC","displayName":"Benchmark Plus Management","slug":"benchmark-plus-management-127471","website":"https://bpfunds.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/1209349/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3118 Judson St, #1069","city":"Gig Harbor","state":"WA","stateName":"Washington","country":"United States","postalCode":"98335"},"tradeNames":[],"registration":{"secApproved":"31 October 2003","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":5,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":767365428,"discretionary":767365428,"discretionaryAccounts":9,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":9,"regulatoryAum":767365428}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Benchmark Plus Management has custody of $775M for 9 clients.","otherCustodians":[],"leadership":[{"name":"Steven Carroll","title":"CCO, CFO, & Owner","crd":"6437452"},{"name":"Robert Ferguson","title":"CIO & Owner","crd":"2384807"},{"name":"Scott Franzblau","title":"Owner","crd":"705800"},{"name":"Stephen Westphal","title":"Owner","crd":"2957697"}],"ownership":[{"label":"Scott Franzblau","detail":"Owner in the 10% to 25% ownership band and a control person, since July 2003."},{"label":"Robert Ferguson","detail":"Cio & owner in the 25% to 50% ownership band and a control person, since August 2008."},{"label":"Steven Carroll","detail":"Cco, cfo, & owner in the 10% to 25% ownership band and a control person, since January 2015."},{"label":"Stephen Westphal","detail":"Owner in the 10% to 25% ownership band and a control person, since December 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"3118 Judson St, #1069","city":"Gig Harbor","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"253-573-0657","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":9},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/127471/PDF/127471.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Benchmark Plus Management have?","answer":"Benchmark Plus Management has 9 clients and manages $767 million for them, as of March 2026. They include 9 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Benchmark Plus Management offer?","answer":"Benchmark Plus Management provides portfolio management for pooled vehicles and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Benchmark Plus Management have?","answer":"Benchmark Plus Management has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Benchmark Plus Management?","answer":"Benchmark Plus Management’s direct owners are Scott Franzblau, Robert Ferguson, Steven Carroll and Stephen Westphal, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Benchmark Plus Management get paid?","answer":"Benchmark Plus Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Benchmark Plus Management?","answer":"Benchmark Plus Management’s main office is at 3118 Judson St, #1069, Gig Harbor, WA 98335. Its phone number is 253-573-0657. Its website is bpfunds.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}