{"url":"https://nivawealth.com/firms/phd-consulting-304989","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/304989","regulatoryAum":559187300,"crd":"304989","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4726874","suffix":null,"lastName":"REDSTONE","firstName":"TROY","middleName":"LATON"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":103666106,"clients":20,"employees":1,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":120605551,"clients":26,"employees":5,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":135981890,"clients":32,"employees":5,"offices":1},{"filedOn":"2024-03-05","regulatoryAum":394576606,"clients":38,"employees":5,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":398423921,"clients":56,"employees":5,"offices":1},{"filedOn":"2026-09-16","regulatoryAum":559187300,"clients":66,"employees":7,"offices":1}],"secFileNumber":"801-117154","legalName":"PHD Consulting LLC","displayName":"PHD Consulting","slug":"phd-consulting-304989","website":"https://feeonly401kadvisor.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Kansas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"7111 W 151st Street, Suite 175","city":"Overland Park","state":"KS","stateName":"Kansas","country":"United States","postalCode":"66223-2231"},"tradeNames":[],"registration":{"secApproved":"12 August 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":7,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":559187300,"discretionary":239364388,"discretionaryAccounts":11,"nonDiscretionary":319822912,"nonDiscretionaryAccounts":55,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":3},"clientTypes":[{"label":"Pension and profit-sharing plans","clients":66,"regulatoryAum":559187300}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Alerus Financial","shortName":"Alerus Financial","location":"Grand Forks, ND","smaAssets":245284795},{"name":"Transamerica","shortName":"Transamerica","location":"Baltimore, MD","smaAssets":138010730}],"custodyNote":"PHD Consulting does not have custody of client assets.","leadership":[{"name":"Troy Redstone","title":"Managing Member / CCO","crd":"4726874"}],"ownership":[{"label":"Troy Redstone","detail":"Managing member / cco in the 75% or more ownership band and a control person, since July 2019."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Kansas","offices":1,"addresses":[{"street":"7111 W 151st Street, Suite 175","city":"Overland Park","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"844-743-4015","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":95},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"16 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/304989/PDF/304989.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 PHD Consulting have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does PHD Consulting offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does PHD Consulting use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does PHD Consulting have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does PHD Consulting invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns PHD Consulting?","answer":"PHD Consulting’s direct owner is Troy Redstone (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 16 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does PHD Consulting get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is PHD Consulting registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact PHD Consulting?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 16 September 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."}