Beneficient Company Group
Beneficient Company Group provides liquidity and trust services for alternative assets through its AltAccess platform, offering instant quotes and custodial services. The company is listed on Nasdaq and supports charitable initiatives in Texas and Kansas.
Services
Beneficient Company Group provides liquidity and related trust and custody services to holders of alternative assets via its proprietary online platform, AltAccess. The company offers a range of liquidity exit options within minutes using its AltQuote tool. Customers can digitize their alternative assets on the AltAccess portal to explore early exit opportunities, receive proposals for liquidity, engage custodial services, and receive data analytics. The company also offers a Preferred Liquidity Provider (PLP) program for General Partners and Wealth Advisors, which includes rapid transaction timelines and white-labeling services. Furthermore, it provides a Primary Commitment Program, which includes an anchor capital commitment and optional participation in the Preferred Liquidity Provider Program for General Partners' funds.
Platform and Technology
Beneficient Company Group's AltAccess platform has earned multiple certifications for its cybersecurity and operational excellence. It holds the AT&T NetBond® Certification for Cybersecurity and the SOC 2® Type I and Type 2 and SOC 3® independent auditor's attestation. The platform also provides instant quotes on over 82,000 alternative asset funds. These certifications ensure the security and reliability of the platform, offering peace of mind for its users.
Subsidiaries and Regulatory Compliance
A key subsidiary of Beneficient Company Group, Beneficient Fiduciary Financial, L.L.C., received its charter under Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is regulated by the Office of the State Bank Commissioner. This legislation enables the creation of regulated trust companies that provide alternative asset financing and custodial asset management services. Beneficient Fiduciary Financial operates within these regulatory frameworks, ensuring compliance and oversight.
Community Initiatives
Beneficient Company Group actively supports charitable initiatives within Texas and Kansas communities. Significant programs include the HERO program and the Heartland Foundation. The Beneficient Heartland Foundation, specifically, was established to receive and redistribute funding generated by TEFFI operations to benefit rural Kansas. These efforts underscore the company’s commitment to positive social impact and community support.
NASDAQ and Market Presence
Beneficient Company Group is publicly traded on the Nasdaq under the symbol BENF. The company has recently regained compliance with the Nasdaq minimum bid price requirement and announced a 1-for-80 reverse stock split to maintain this compliance. The company actively participates in industry events such as the Planet MicroCap Showcase, where it presents its market opportunity and business model to potential investors.