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Benchmark Financial Wealth Advisors
Benchmark Financial Wealth Advisors LLC is an SEC-registered investment adviser in Boca Raton, FL, registered since 2017. The firm manages approximately $766...
Overview
Benchmark Financial Wealth Advisors LLC is an SEC-registered investment adviser in Boca Raton, FL, registered since 2017. The firm manages approximately $766 million in regulatory assets. It has 14 employees and 7 investment advisers.
General information
Firm type
RIA
Location
Region
North America
Country
United States
Frequently asked questions
Is Benchmark Financial Wealth Advisors still an operational firm?
No. The SEC barred Dawn Bennett from the industry in 2016, and she was later convicted on federal fraud charges in 2019. There are no reports of any advisory operations continuing under this name.
What was the nature of the SEC action against Dawn Bennett?
The SEC charged Bennett with overstating her firm's assets, fabricating performance claims, and misappropriating over $20 million in client funds through a Ponzi-like scheme. The scheme involved selling promissory notes in a related entity, DJB Holdings, to cover personal expenses and prior investor redemptions (per SEC, 2015).
What investment services did Benchmark Financial Wealth Advisors offer?
The firm was a boutique RIA that purported to specialize in wealth management for athletes and high-net-worth individuals. In practice, its offering became a vehicle for securities fraud, according to federal prosecutors, rather than a functioning advisory practice with a definable investment strategy.
Where was Benchmark Financial Wealth Advisors headquartered?
The firm operated primarily out of Chevy Chase, Maryland, though no active offices remain following the SEC and criminal proceedings.
Are there any known portfolio holdings or deal history for Benchmark Financial Wealth Advisors?
No legitimate portfolio holdings, fund commitments, or direct investments have been publicly attributed to the firm as a going concern. The SEC's case described the supposed investments as a facade to extract client deposits.
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