Benningfield Financial Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Benningfield Financial Advisors provides integrated financial planning and discretionary portfolio management primarily for high‑net‑worth individuals and families, and also serves pension and profit‑sharing plans, charitable organizations, and trusts. The firm is fee‑only and structures client relationships around written investment policy statements and periodic financial planning updates.
Its investment approach emphasizes strategic asset allocation and broad diversification, favoring passive index and ETF exposures alongside selectively used active managers. The firm accepts discretionary trading authority and, while it generally does not employ option strategies, it will use derivatives in separately managed accounts in limited circumstances (for example, covered calls on concentrated positions or options used to hedge).
A noteworthy aspect of the firm is that its managing member is a licensed attorney, yet the firm does not provide legal services and explicitly states that no attorney‑client privilege is created, a setup that is uncommon among peers. The firm also operates with a relatively small client roster and a compact advisor team managing substantial assets, and it relies on institutional custodial and support services rather than commission‑based relationships.
Client services
Expertise
Fee options
One-time inception fee ranging from $7,500 to $15,000 per client relationship
$0 - $3,000,000: 1.00% $3,000,001 - $5,000,000: 0.75% $5,000,001 - $10,000,000: 0.50% $10,000,001+: 0.25%
$375 per hour for certain financial planning or advisory services
Account minimum: $3,000,000 Minimum fee: Minimum quarterly fee of $7,500 if portfolio value is below $3,000,000 Fee-only: Fee-only advisory firm; receives compensation solely from client fees, no commissions or referral fees
Main office
1160 Battery Street East, Suite 100
San Francisco CA 94111
Advisors at this office
3
Most active in
California · New York
Also doing business as
Benningfield Financial Advisors · Benningfield Financial Advisors, LLC · Benningfield, Milo Mark
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Milo B
CFP®, Series 65
San Francisco, CA
Benningfield Financial Advisors, LLC
Milo Benningfield is a CFP® and holds a Series 65 license with 13 years of industry experience. He has been with Benningfield Financial Advisors, LLC since 2003. Outside of his financial advisory work, he leads a small jazz ensemble that performs locally. Benningfield Financial Advisors provides integrated financial planning and discretionary investment management primarily to high-net-worth individuals, families, pension, and charitable accounts. The firm employs a strategic asset allocation approach, combining passive index and ETF holdings with select active managers, and maintains a small client base to support a tailored service model.
Michael J
CFP®, CFA®, Series 66
San Francisco, CA
Benningfield Financial Advisors, LLC
Michael Johnson is a CFP® and CFA® with 10 years of industry experience. He has been with Benningfield Financial Advisors, LLC since 2014, where he serves as one of three advisors. Benningfield Financial Advisors provides integrated financial planning and discretionary investment management to high-net-worth individuals and families, as well as pension and charitable accounts. The firm employs a strategic asset allocation approach, combining passive index and ETF investments with select active managers, and manages accounts under limited discretionary authority.
Richard T
Series 63, Series 65
San Francisco, CA
Benningfield Financial Advisors, LLC
Richard Truong is a financial advisor at Benningfield Financial Advisors, LLC in San Francisco, CA, holding Series 63 and Series 65 licenses with six years of industry experience. He worked at Dragon Financial Group for five years before joining Benningfield Financial Advisors in 2019. Benningfield Financial Advisors provides integrated financial planning and discretionary investment management to high-net-worth individuals, families, pension, and charitable accounts. The firm employs a strategic asset allocation approach with globally diversified portfolios combining passive index and ETF holdings alongside select active managers.
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