Stephen Beam
Stephen Beam is a registered investment advisor at Stonex Advisors INC., based in Woburn, MA, with 33 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Education Planning, Estate Planning, Insurance Planning, and 2 more. Their firm serves 9,843 clients with $5.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
StoneX Advisors' investment management fees are negotiated between you and your financial advisor, with a maximum of 2% of your portfolio's value annually (1.5% for annuity allocations). There's a minimum annual fee of $200, or $300 for Unified Managed Accounts. Fees are typically deducted from your account quarterly or monthly in advance, but can be arranged in arrears. If you end the agreement early, you'll receive a refund for any unearned fees.
Location
10 Tower Office Park, Suite 600, Woburn, MA, 01801
Get directionsHistory
Regulatory History (2)
Regulatory
February 2006Customer Dispute
April 2004Other Business ActivitiesSells Insurance
Stephen is the owner/managing director of Regency Financial Group, LLC, where he services and offers insurance products and fixed annuities to clients. He spends a few hours per week on this activity.
Employment History
Current Registrations
Stonex Advisors INC.
Stonex Securities INC.Broker
Previous Registrations
Sterne Agee Investment Advisor Services, INC.
Wrp Investments, INC.Broker
Kovack Advisors, INC.
Rk Advisors
Kovack Securities INC.Broker
Linsco/private Ledger CORP.
Linsco/private Ledger CORP.Broker
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Quick & Reilly, INC.
Quick & Reilly, INC.Broker
Fis Securities, INC.Broker
440 Financial Distributors, INC.Broker
Putnam Mutual Funds CORP.Broker
State Registrations9 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.