PHD Consulting provides financial planning, portfolio management for institutions and pension consulting.
PHD Consulting reports 66 pension and profit-sharing plans. Of its assets, 42.8% ($239M across 11 accounts) are managed with discretion; $320M across 55 accounts are not. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Pension and profit-sharing plans | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | 66 | $559M | 100.0% | $8.47M |
| Total | 66 | $559M | 100% | $8.47M |
- Clients
- 66
- Regulatory AUM
- $559M
- AUM share
- 100.0%
- Avg. per client
- $8.47M
Total
- Clients
- 66
- Regulatory AUM
- $559M
- AUM share
- 100%
- Avg. per client
- $8.47M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
PHD Consulting 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.
Troy Redstone owns 75% or more of PHD Consulting. It has 7 employees, 3 of them in advisory roles.
Leadership
- Troy RedstoneManaging Member / CCO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Troy Laton Redstone
Staff
- 7 employees
- 3 in advisory functions
- 1 state-registered rep
- Owns 75% or more of PHD Consulting LLC
Troy Redstone
Control person · since July 2019
PHD Consulting’s regulatory assets grew 5.4× from $104M (March 2021) to $559M (September 2026); clients rose from 20 to 66 and employees from 1 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $559M | 66 | 7 | 1 |
| March 2025 | $398M | 56 | 5 | 1 |
| March 2024 | $395M | 38 | 5 | 1 |
| March 2023 | $136M | 32 | 5 | 1 |
| March 2022 | $121M | 26 | 5 | 1 |
| March 2021 | $104M | 20 | 1 | 1 |
Besides its headquarters, PHD Consulting has 0 offices, with 1 listed address in Kansas.
Kansas · 1 listed address
- 7111 W 151st Street, Suite 175, Overland ParkHQ
Contact and registration details
- Legal name
- PHD Consulting LLC
- Headquarters
- 7111 W 151st Street, Suite 175, Overland Park, KS 66223-2231
- Website
- feeonly401kadvisor.com
- Phone
- 844-743-4015
- SEC file
- 801-117154
- Structure
- Kansas LLC
- Fiscal year end
- December
PHD Consulting uses Alerus Financial ($245M, 64%) and Transamerica ($138M, 36%) as custodians for its separately managed accounts. PHD Consulting does not have custody of client assets.
- Alerus FinancialAlerus Financial · Grand Forks, ND · $245M64%
- TransamericaTransamerica · Baltimore, MD · $138M36%
At year end, PHD Consulting’s separately managed accounts were mostly in funds (95%).
What the accounts hold
- Funds95%
- Cash5%
How many clients does PHD Consulting have?
PHD Consulting has 66 clients and manages $559 million for them, as of September 2026. They include 66 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does PHD Consulting offer?
PHD Consulting provides financial planning, portfolio management for institutions and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does PHD Consulting use?
PHD Consulting’s separately managed account assets are held at Alerus Financial (Grand Forks, ND), with $245M and Transamerica (Baltimore, MD), with $138M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does PHD Consulting have?
PHD Consulting has 1 investment adviser representative registered with state securities authorities, out of 7 employees, and 3 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 PHD Consulting invest in?
At the end of its last fiscal year, PHD Consulting’s separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs) and 5% 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 PHD Consulting?
PHD Consulting’s direct owner is Troy Redstone (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does PHD Consulting get paid?
PHD Consulting 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
Is PHD Consulting registered with the SEC?
Yes, PHD Consulting has been registered with the SEC as an investment adviser since 12 August 2019. Its CRD number is 304989 and its SEC file number is 801-117154.
Source: Form ADV Part 1A, Item 1, filed 16 September 2026; IAPD firm record
How do I contact PHD Consulting?
PHD Consulting’s main office is at 7111 W 151st Street, Suite 175, Overland Park, KS 66223-2231. Its phone number is 844-743-4015. Its website is feeonly401kadvisor.com.