August Payne is a registered investment advisor at Beacon Financial Group, based in Austin, TX, with 20 years of industry experience. August operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 748 clients with $1.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1000K | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5.0M - $7.0M | 0.80% |
| $7.0M - $9.0M | 0.70% |
| $9.0M - $10.0M | 0.60% |
| $10M+ | 0.60% |
Fees negotiable for accounts over $10,000,000. If a Client utilizes Independent Managers, the fees charged may be more or less than set out above as each manager determines their own fees. The Firm will receive its standard fee on top of the fee paid to the Independent Manager.
Fee Estimator
Location
2313 Lake Ausin Blvd. Ste 211, Austin, TX, 78703
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
August is an employee of Beacon Financial Group, performing registered representative activities through Kestra Investment Services, dedicating nearly full-time hours. August also owns Dos Veces Inc, a consulting business, and works as a relationship manager for Kestra Advisory Services, LLC, spending minimal time on this role.
Employment History
Current Registrations
Beacon Financial Group
Kestra Investment Services, LLC
Kestra Investment Services, LLCBroker
Previous Registrations
Kestra Advisory Services, LLC
NFP Advisor Services, LLC
Optionsxpress, INC.Broker
Scottrade, INC.Broker
State Registrations1 state
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.