Our Business Structure
Benedict Financial Advisors, Inc.
A Registered Investment Advisory firm registered with the state of Georgia. Provides financial advice to clients for a fee.
Please see Financial Planning section for more information.
Benedict Financial Advisors, Inc. does not manage investment accounts; our financial professionals provide that service through LPL financial Services.
LPL Financial Services
Advisory Services:
LPL Financial Services is a Registered Investment Advisory firm registered with the Securities and Exchange Commission. LPL is registered in fifty states serving independent-contractor representatives. Through this Registered Investment Advisory division, the company offers their Strategic Asset Management program where the independent-contractor Investment Advisory Representatives direct and manage investments for clients.
The Investment Advisory Representatives of Benedict Financial Advisors, Inc. are also independent-contractor representatives of LPL and make all the investment decisions within the accounts on a discretionary basis as explained further in the Investment Account Management section.
The advisory fee varies depending on the size and type of account with a maximum fee of 1.5% of assets within the account. The full fee schedule is available at the initial client meeting.
Brokerage Services:
LPL is a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA) and a member of the Securities Investors Protection Corporation (SIPC). This division offers the sale of investment products and variable insurance products through their independent-contractor registered representatives. This is the sales division of the firm and representatives are compensated through sales commissions on the products sold. These services are seldom used by members of Benedict Financial Advisors, Inc.
Benedict Financial Group, Inc.
Provides financial solutions using fixed value insurance products, meaning insurance investments that do not fluctuate in value. Insurance products include: fixed annuities, annuities with long-term care riders and basic life and long-term care insurance. The firm does not handle and property and casualty insurance.
Licensed Insurance Agency in Georgia, Florida, Michigan, and North Carolina.