BFS Advisory Group
- Company typePrivate
- Founded2003
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
BFS Advisory Group firmographics
Firmographics- Name
- BFS Advisory Group
- Legal name
- NewEdge Advisors, LLC (doing business as BFS Advisory Group, LLC)
- Website
- https://bfsadvisorygroup.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
BFS Advisory Group industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Family Office Advisory (Single/Multi-Family) (FSAEAAAI)
Keywords
Where BFS Advisory Group is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BFS Advisory Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Financial Planning Fees: Flat-rate financial planning process charging clients based on their comprehensive needs rather than a percentage of assets under management. This model allows objective, unbiased recommendations without product sales incentives.
- Investment Management: Portfolios built and managed in house with tax-efficient investment services tailored to client goals, risk tolerance, and timeline. Revenue derived from investment management of client assets.
- Business Consulting Services: Customized business consulting combining small business insights and financial planning expertise to protect clients' most important assets—their businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Flat-rate comprehensive financial planning |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
BFS Advisory Group product offering
Product offeringCore offering
BFS Advisory Group is a Dallas-based wealth management firm that delivers flat-rate financial planning, fee-based investment management, and business consulting to high-net-worth individuals, executive families, and women investors. Its service is anchored by the proprietary DBT360 Financial Plan, a four-meeting process that produces a written blueprint covering values-based planning, tax strategy, wealth transfer, insurance, and charitable giving, paired with an in-house portfolio platform integrating public, private, and tax-efficient investments.
Product overview
BFS Advisory Group is a Dallas-based wealth management firm offering a comprehensive suite of financial services built around its proprietary DBT360 Financial Plan. The core offering consists of values-based financial planning integrated with tax strategy, investment management across public and private markets, wealth transfer and legacy planning, business consulting, insurance strategies, and charitable giving consulting. The firm also provides educational resources including free expert guides and a quarterly market report called 'Risks and Opportunities.' In November 2024, the firm partnered with NewEdge Advisors to expand its investment platform and capabilities for ultra-high net worth clients.
Differentiator
Problem solved
Functional benefit
Products and services
- DBT360 Financial Plan
Quantifiable outcome
- BFS Advisory Group clients have achieved financial independence through values-based planning focused on goals, values, and purpose.
- +2 more outcomes
Companies that use BFS Advisory Group
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
BFS Advisory Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
BFS Advisory Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- NewEdge AdvisorscoreBFS Advisory Group partnered with NewEdge Advisors in November 2024 to improve client experience, deepen bench of expertise, widen investment platform, and reach more clients. NewEdge is a pro-business, pro-advisor firm with an invitation-only platform for elite advisors. The partnership provides access to diverse investment solutions including nationally recognized managers, alternative/private/boutique offerings, and enhanced capabilities for ultra-high-net-worth clients with experts in tax, estate, philanthropy, investment, and insurance solutions.
- Communities Foundation of TexascoreBFS Advisory Group established the BFS Community Lift Fund with Communities Foundation of Texas (CFT) in 2017 as a business-advised fund supporting organizations that drive meaningful progress for women and girls, low-income families, those in crisis, job skills development, and financial literacy programs. Debra Brennan Tagg serves as a CFT Trustee and chairs the CFT Housing Strategy Committee.
- Children's HealthminorDebra Brennan Tagg serves on the Board of Directors for Children's Health. BFS Advisory Group supports Children's Health through philanthropy and community engagement as part of its local philanthropy initiatives.
- TootsiesminorBFS Advisory Group partners with Tootsies (Dallas fashion boutique) for the annual Fashion & Finance event. The event brings together clients, friends, and colleagues for a style show and financial education, partnering with designer Hilton Hollis.
- BFS Community Lift FundcoreBFS Community Lift Fund is a business-advised fund established by BFS Advisory Group with Communities Foundation of Texas in 2017. Through this fund, BFS and its clients collaborate to select grant recipients supporting women and girls, low-income families, those in crisis, job skills development, and financial literacy programs.
- United Way of Metropolitan DallasminorBFS Advisory Group and Debra Brennan Tagg have been long-time supporters of United Way of Metropolitan Dallas. Debra served on the board and was honored as 2015 Innovator of the Year.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
BFS Advisory Group competitors and assessment
Company assessmentBroad incumbents
- Creative Planning: One of the largest flat-fee RIAs in the U.S. serving HNW clients. Directly comparable on the flat-rate pricing philosophy and comprehensive financial planning model, though at vastly greater scale than BFS.
- Schwab Wealth Advisory: Charles Schwab's wealth advisory solution serving HNW households with planning and investment management. Comparable as an incumbent, scaled wealth advisory alternative competing for the same HNW clientele.
- Bessemer Trust: Private multi-family office serving ultra-high-net-worth families with integrated investment management, tax, and estate planning. Comparable in the HNW/UHNW family-office-style service model, though at significantly higher asset minimums and scale.
- Mariner Wealth Advisors: Large independent RIA offering comprehensive wealth management to HNW individuals and families. Comparable as a competing comprehensive wealth advisor with similar service breadth, but with materially greater scale and a broader geographic footprint than BFS.
- Fisher Investments: Large investment management firm serving HNW private clients. Comparable as a competing wealth advisor for similar client segments, though using a primarily AUM-based fee model and operating at far greater scale.
- Focus Financial Partners: Roll-up platform partnering with independent wealth management firms. Comparable as an alternative parent platform to NewEdge Capital Group, illustrating the broader RIA consolidation trend that affects boutique firms like BFS.
- Edelman Financial Engines: Pioneer of the flat-fee RIA model serving mass-affluent and HNW households. Comparable as a flat-rate, objective-advice alternative to AUM-based advisors, with a much larger national footprint and broader service menu.
Direct peers
- Carson Group: Advisor network providing wealth management firms with investment, technology, and back-office support. Comparable as a partner platform that enables boutique RIAs to scale services for HNW clients in a similar partnership structure.
- Ronald Blue Trust: Values-based, fee-only wealth management firm offering comprehensive financial planning, investment management, and tax planning to HNW individuals and families. Closely comparable in mission-driven, planning-led approach and similar boutique team structure.
- Sanctuary Wealth: Boutique RIA platform partnering with elite independent advisors. Comparable as a partnership-led model where small advisory teams plug into institutional investment capabilities, mirroring BFS's NewEdge Advisors arrangement.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BFS Advisory Group social profiles
Digital presenceBFS Advisory Group compliance and trust
Trust signalCompliance3 records
BFS Advisory Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
BFS Advisory Group leadership team
Management profileNumber of profiles
Profiles8 records
BFS Advisory Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BFS Advisory Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BFS Advisory Group
What does BFS Advisory Group do?
BFS Advisory Group is a Dallas-based wealth management firm that delivers flat-rate financial planning, fee-based investment management, and business consulting to high-net-worth individuals, executive families, and women investors. Its service is anchored by the proprietary DBT360 Financial Plan, a four-meeting process that produces a written blueprint covering values-based planning, tax strategy, wealth transfer, insurance, and charitable giving, paired with an in-house portfolio platform integrating public, private, and tax-efficient investments.
Is BFS Advisory Group a public or private company?
BFS Advisory Group is a private company. It is classified as corporate owned and is currently operating.
When was BFS Advisory Group founded?
BFS Advisory Group was founded in 2003. It employs 1 to 10 people.
Where is BFS Advisory Group based?
BFS Advisory Group is headquartered in Dallas, United States, in the North America region.
How does BFS Advisory Group make money?
Three revenue lines are on record. Financial Planning Fees are the primary driver. The others are investment Management and business Consulting Services.
Who are BFS Advisory Group's main competitors?
Broad incumbents on record are Creative Planning, Schwab Wealth Advisory, Bessemer Trust, Mariner Wealth Advisors, Fisher Investments, Focus Financial Partners and Edelman Financial Engines. Direct peers are Carson Group, Ronald Blue Trust and Sanctuary Wealth.
Does BFS Advisory Group have an API?
No public API is recorded for BFS Advisory Group.
What industry is BFS Advisory Group in?
BFS Advisory Group's product category is Wealth Management. Its primary akta.pro industry code is FSAEAAAI, Family Office Advisory (Single/Multi-Family). Its NAICS code is 523940 and its SIC code is 6282.