Herbert Boyd

Beacon Advisors Holdings charges a percentage of your assets under management, ranging from 0.15% to 1.5% annually. The specific percentage depends on factors like the investment advisor representative, the type of client, and the complexity of the client's situation. There is a minimum account size of $1,000,000. Accounts under the same household will be aggregated for a discounted fee. When managing a client's account on a wrap fee basis, Beacon Advisors Holdings receives the balance of the total wrap fee after custodial, trading and other management costs have been deducted.