Expand Financial Group, LLC (Burleson)

Expand Financial Group, LLC is an adviser based in Burleson. It manages $25.35 million of regulatory assets for 205 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Louisiana, Montana, and Texas.

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

Expand Financial Group: assets under management

The assets under management (AUM) of Expand Financial Group, LLC is $25.35 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.16 million in discretionary accounts and $3.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $151.84 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Expand Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Expand Financial Group serves?

The only and largest group of clients of Expand Financial Group is individuals with 127 clients and $22.59 million of assets under management. Among the 1 most similar advisory firms, Expand Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $22.59 million for 127 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.

Expand Financial Group doesn't advise any private funds.

Careers at Expand Financial Group, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jay Bennett	Managing member & chief compliance officer	1 Mar 2018	75% - 100%	2648958

Based in Burleson

The principal office where Expand Financial Group, LLC performs its advisory services is located at 11805 Hassop Lane, Burleson, TX 76028, which is also the mailing address of the firm. An additional office of the firm is in Campbell, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 916-521-5451. The normal business hours are 9am-5pm on Monday - Friday.