BFSG provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, divorce planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 251–500 clients last fiscal year.
BFSG reports 887 clients. They include 536 individual clients, 325 high-net-worth individuals, and 15 pension and profit-sharing plans. Nearly all assets ($1.53B across 2,287 accounts) are managed with discretion; $546K across 2 accounts are not. Of its clients, 1% are outside the U.S. It advised 99 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 13% |
| High-net-worth individuals | 37% | 78% |
| Pension and profit-sharing plans | 2% | <1% |
| Charitable organizations | 1% | 2% |
| State or municipal government entities | Fewer than 5 | 3% |
| Other client typesCorporations and other businesses; Other | Not reported | 3% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 536 | $204M | 13.3% | $381K |
| High-net-worth individuals | 325 | $1.19B | 77.6% | $3.67M |
| Pension and profit-sharing plans | 15 | $12.8M | 0.8% | $855K |
| Charitable organizations | 11 | $34.8M | 2.3% | $3.16M |
| State or municipal government entities | Fewer than 5 | $45.2M | 2.9% | — |
| Corporations and other businesses | Fewer than 5 | $29.6M | 1.9% | — |
| Other | Fewer than 5 | $16.9M | 1.1% | — |
| Total | 887 | $1.54B | 100% | — |
- Clients
- 536
- Regulatory AUM
- $204M
- AUM share
- 13.3%
- Avg. per client
- $381K
- Clients
- 325
- Regulatory AUM
- $1.19B
- AUM share
- 77.6%
- Avg. per client
- $3.67M
- Clients
- 15
- Regulatory AUM
- $12.8M
- AUM share
- 0.8%
- Avg. per client
- $855K
- Clients
- 11
- Regulatory AUM
- $34.8M
- AUM share
- 2.3%
- Avg. per client
- $3.16M
- Clients
- Fewer than 5
- Regulatory AUM
- $45.2M
- AUM share
- 2.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $29.6M
- AUM share
- 1.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $16.9M
- AUM share
- 1.1%
- Avg. per client
- —
Total
- Clients
- 887
- Regulatory AUM
- $1.54B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 99
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
BFSG charges 0.25%–1.25% a year for its Investment Portfolio Management Fees. The fee is billed in advance or in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Stand-alone Financial Planning
- Stand-alone financial planning is negotiable and generally $150 to $500 per hour, with a $1,000 deposit or half the fee possibly required up front; divorce planning is up to $500 per hour.
- Tax Preparation Services
- Tax preparation fees range from $500 to $1,250.
Focus Operating, LLC owns 75% or more of BFSG and is in turn owned by Focus Financial Partners, LLC (75% or more). The leadership team of BFSG includes President Michael Allbee. It has 31 employees, 27 of them in advisory roles.
Leadership
- Michael AllbeeVice President and Chief Compliance Officer
- John CampbellCo-President
- Grace LauCo-President
- Patrick PowersCo-President
- Christopher RoweyVice President
- Martina SchackmanVice President
- Darren StewartVice President and Secretary
- Steven YamshonCo-President
Investment adviser representatives
25 representatives listed in the SEC register as of 9 October 2026.
- Michael Angelo Allbee
- Mark Layne Blom
- John Christopher Campbell
- Nicole Elizabeth Chou
- Gavin Walker Grove
- Paul D Horn
- Keith Merritt Johnson
- Grace Lau
- Antonia Angela Lipovac
- Sophia Yu Liu
- Brent James Miller
- Aksana Munoz
- Arash Navi
- Kyle Henry Nixon
- Chad Arash Noorani
- Patrick David Powers
- Braden Linwood Priest
- Christopher Scott Rowey
- Martina Marie Schackman
- Erin Rose Schneider
- Scott Matthew Sollars
- Darren Robert Stewart
- Henry Joseph Vanbuskirk
- Robert Verdugo
- Steven Lee Yamshon
Staff
- 31 employees
- 27 in advisory functions
- 25 state-registered reps
- Owns 75% or more of BFSG, LLC
Focus Operating, LLC
Control person · since March 2007
- Owns 75% or more of Focus Operating, LLC
Focus Financial Partners, LLC
Control person · since January 2007
- Owns 50% to 75% of Focus Financial Partners, LLC
Focus Financial Partners Inc.
Control person · since July 2018
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Acquisition, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Acquisition, LLC
Ferdinand FFP Intermediate Holdings, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Intermediate Holdings, LLC
Ferdinand FFP Parent, Inc.
Control person · since August 2023
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Ultimate Holdings, LP
Control person · since August 2023
- Owns 50% to 75% of Ferdinand FFP Ultimate Holdings, LP
CD&R Ferdinand Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of CD&R Ferdinand Holdings, L.P.
Clayton, Dubilier & Rice Fund Xii, L.P.
Control person · since August 2023
- Owns 25% to 50% of CD&R Ferdinand Holdings, L.P.
CD&R Ferdinand Co-Investor, L.P.
Control person · since August 2023
BFSG’s regulatory assets grew 1.6× from $951M (July 2021) to $1.54B (June 2026); clients rose from 702 to 887 and employees from 28 to 31. Between 2016 and 2020, 3 advisory firms joined it. The most recent was Stevens First Principles Investment Advisors, in April 2020.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $1.54B | 887 | 31 | 6 |
| March 2025 | $1.29B | 849 | 31 | 6 |
| July 2024 | $1.15B | 821 | 32 | 6 |
| March 2023 | $977M | 787 | 32 | 2 |
| July 2022 | $1.1B | 743 | 31 | 2 |
| July 2021 | $951M | 702 | 28 | 2 |
Firms that joined
20201 joined
- Stevens First Principles Investment AdvisorsNo filed AUM
20171 joined
- Pacwest Financial ManagementNo filed AUM
20161 joined
- Powers Capital InvestmentsNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, BFSG has 5 offices (4 private residences, listed without an address), with 2 listed addresses in Arizona and California.
Arizona · 1 listed address
- 1643 E. Bethany Home Road, Phoenix
California · 1 listed address
- 2040 Main Street, Suite 720, IrvineHQ
Other business names
BFSG has reported 2 other business names to the SEC.
- BFS Institutional Services
- BFS Wealth Management
Contact and registration details
- Legal name
- BFSG, LLC
- Headquarters
- 2040 Main Street, Suite 720, Irvine, CA 92614
- Website
- bfsg.com
- Phone
- 949-955-2552
- @bfsg-llc
- SEC file
- 801-67796
- Structure
- Delaware LLC
- Fiscal year end
- December
BFSG uses Fidelity ($882M, 61%) and Charles Schwab ($562M, 39%) as custodians for its separately managed accounts. BFSG has custody of $394M in client assets for 269 clients.
- FidelityNational Financial Services LLC · Boston, MA · $882M61%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $562M39%
At year end, BFSG’s separately managed accounts were largely in funds (46%) and stocks (42%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.13B across 768 positions; the largest are Vanguard Index Fds (4.2%), Nvidia Corporation (3.1%) and iShares Gold TR (2.7%).
What the accounts hold
- Stocks42%
- Funds46%
- Bonds6%
- U.S. government and agency bonds4%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash6%
- Other1%
- Private funds1%
Reported 13F holdings
- $1.13B
- Reported 13F value
- 768
- Positions
- 24.3%
- In the 10 largest
- +6.8%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt4.2%
- Nvidia Corporation3.1%
- iShares Gold TR · iShares New2.7%
- iShares TR · Core S&P500 ETF2.4%
- Newmont Corp.2.2%
- Apple Inc.2.1%
- American Centy ETF TR · US Sml CP Valu2.0%
- Microsoft Corp.2.0%
- Marvell Technology Inc.2.0%
- Vanguard BD Index Fds · Total Bnd Mrkt1.7%
Together, the ten largest are 24.3% of reported value.
How many clients does BFSG have?
BFSG has 887 clients and manages $1.54 billion for them, as of June 2026. They include 536 individual clients, 325 high-net-worth individuals, and 15 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 June 2026
What services does BFSG offer?
BFSG provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, educational seminars, divorce planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does BFSG charge?
BFSG charges 0.25%–1.25% a year for its Investment Portfolio Management Fees. The fee is billed in advance or in arrears and is negotiable.
Which custodians does BFSG use?
BFSG’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $882M and Charles Schwab & Co., Inc. (Westlake, TX), with $562M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 June 2026
How many financial advisors does BFSG have?
BFSG has 25 investment adviser representatives registered with state securities authorities, out of 31 employees, and 27 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
What does BFSG invest in?
At the end of its last fiscal year, BFSG’s separately managed accounts held 46% registered funds (mutual funds, ETFs, BDCs), 42% exchange-traded equities, 6% cash and equivalents, 4% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% other. The 1% other category is described as: Private Funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns BFSG?
BFSG is owned through a chain of holding companies by Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton, Dubilier & Rice Fund Xii, L.P. Its direct owner is Focus Operating, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 June 2026
How does BFSG get paid?
BFSG is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is BFSG registered with the SEC?
Yes, BFSG has been registered with the SEC as an investment adviser since 17 April 2007. Its CRD number is 143617 and its SEC file number is 801-67796.
Source: Form ADV Part 1A, Item 1, filed 15 June 2026; IAPD firm record
How do I contact BFSG?
BFSG’s main office is at 2040 Main Street, Suite 720, Irvine, CA 92614. Its phone number is 949-955-2552. Its website is bfsg.com.