Floyd, Benjamin Joseph (Texarkana)

Floyd, Benjamin Joseph is a large advisory firm based in Texarkana. It manages $164.29 million of regulatory assets for 342 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arkansas and Texas.

Floyd, Benjamin Joseph provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Floyd, Benjamin Joseph: assets under management

The assets under management (AUM) of Floyd, Benjamin Joseph is $164.29 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $164.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480.38 thousand each.

Investments

The firm invests in other assets the most. They account for 60% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Floyd, Benjamin Joseph for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Floyd, Benjamin Joseph serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Floyd, Benjamin Joseph is high net worth individuals with 243 clients and $122.08 million of assets under management. Among the 7 most similar advisory firms, Floyd, Benjamin Joseph has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $153.24 million for 336 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Floyd, Benjamin Joseph doesn't advise any private funds.

Careers at Floyd, Benjamin Joseph

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin Joseph Floyd	Chief compliance officer	1 Jun 1986	75% - 100%	1551383

Based in Texarkana

The principal office where Floyd, Benjamin Joseph performs its advisory services is located at 6004 Summerfield Dr, Ste A, Texarkana, TX 75503, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 903-794-2704 or by fax 214-889-2704. The normal business hours are 8:00-4:00 on Monday - Friday.