Beacon Financial Advisors is an independent wealth advisory firm offering personalized financial planning and asset management services. Beacon Financial Advisors helps clients with estate planning, retirement and income planning, asset management, multigenerational financial planning, stock option planning, non-citizen investment issues, and business succession planning. The firm takes a holistic approach, often coordinating with estate attorneys and accountants to act as the primary quarterback for clients' financial lives. Beacon Financial Advisors manages investment portfolios on a discretionary basis, typically using professional fund managers who implement strategies through mutual funds or exchange-traded funds rather than picking individual stocks. The firm operates its own wrap fee program, which bundles asset management, trade execution, and financial plan monitoring into a single fee.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $3.5M | 0.75% |
| $3.5M - $5.0M | 0.60% |
| $5M+ | 0.50% |
Fees and household minimums are negotiable. Existing clients who signed an agreement prior to January 1, 2019, have a legacy fee schedule with rates ranging from 2.00% down to 0.50% before becoming negotiable.