ERISA Advisers provides portfolio management for individuals and small businesses and pension consulting.
ERISA Advisers reports 136 clients. They include 117 pension and profit-sharing plans, 17 individuals, and 1 charitable organization. Of its assets, 100.0% ($187M across 146 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 13% | 5% |
| Pension and profit-sharing plans | 86% | 94% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 17 | $9.39M | 5.0% | $552K |
| Pension and profit-sharing plans | 117 | $176M | 93.9% | $1.5M |
| Charitable organizations | 1 | $1.27M | 0.7% | $1.27M |
| Corporations and other businesses | 1 | $824K | 0.4% | $824K |
| Total | 136 | $187M | 100% | $1.38M |
- Clients
- 17
- Regulatory AUM
- $9.39M
- AUM share
- 5.0%
- Avg. per client
- $552K
- Clients
- 117
- Regulatory AUM
- $176M
- AUM share
- 93.9%
- Avg. per client
- $1.5M
- Clients
- 1
- Regulatory AUM
- $1.27M
- AUM share
- 0.7%
- Avg. per client
- $1.27M
- Clients
- 1
- Regulatory AUM
- $824K
- AUM share
- 0.4%
- Avg. per client
- $824K
Total
- Clients
- 136
- Regulatory AUM
- $187M
- AUM share
- 100%
- Avg. per client
- $1.38M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
ERISA Advisers is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
ERISA Corporation owns 75% or more of ERISA Advisers and is in turn owned by Richard Phillips (75% or more). The leadership team of ERISA Advisers includes President Richard Phillips. It has 4 employees, 1 of them in advisory roles.
Leadership
- Richard PhillipsPresident/Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Richard Scott Phillips
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of ERISA Advisers, Inc.
ERISA Corporation
Control person · since December 2017
- Owns 75% or more of ERISA Corporation
Richard Phillips
Control person · since October 2017
ERISA Advisers’ regulatory assets grew from $146M (April 2024) to $187M (March 2026); clients rose from 99 to 136 and employees from 1 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $187M | 136 | 4 | 1 |
| March 2025 | $203M | 118 | 1 | 1 |
| April 2024 | $146M | 99 | 1 | 1 |
Besides its headquarters, ERISA Advisers has 0 offices, with 1 listed address in Tennessee.
Tennessee · 1 listed address
- 215 Centerview DR, Suite 110, BrentwoodHQ
Contact and registration details
- Legal name
- ERISA Advisers, Inc.
- Headquarters
- 215 Centerview DR, Suite 110, Brentwood, TN 37027
- Website
- erisaadvisers.com
- Phone
- 855-255-2391
- SEC file
- 801-130090
- Structure
- Tennessee corporation
- Fiscal year end
- December
ERISA Advisers uses Charles Schwab ($96.2M) as custodian for its separately managed accounts. ERISA Advisers does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $96.2M100%
At year end, ERISA Advisers’ separately managed accounts were mostly in funds (96%).
What the accounts hold
- Stocks3%
- Funds96%
- Cash1%
How many clients does ERISA Advisers have?
ERISA Advisers has 136 clients and manages $187 million for them, as of March 2026. They include 117 pension and profit-sharing plans, 17 individuals, and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does ERISA Advisers offer?
ERISA Advisers provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does ERISA Advisers use?
ERISA Advisers’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $96.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does ERISA Advisers have?
ERISA Advisers has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 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 ERISA Advisers invest in?
At the end of its last fiscal year, ERISA Advisers’ separately managed accounts held 96% registered funds (mutual funds, ETFs, BDCs), 3% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns ERISA Advisers?
ERISA Advisers is owned through a holding company by Richard Phillips. Its direct owner is ERISA Corporation (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does ERISA Advisers get paid?
ERISA Advisers is paid through a percentage of assets under management and fixed fees. 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
How do I contact ERISA Advisers?
ERISA Advisers’ main office is at 215 Centerview DR, Suite 110, Brentwood, TN 37027. Its phone number is 855-255-2391. Its website is erisaadvisers.com.