Beacon Wealth Advisory refers clients to third-party money managers (TPMs) to manage client accounts. Beacon receives referral fees from the TPMs. Beacon acts as the liaison between the client and the TPM. Financial planning services are offered to all clients at no additional charge. Beacon also holds seminars and workshops to educate the public.
Fee Structure
Beacon Wealth Advisory does not directly manage client investments. Instead, Beacon refers clients to third-party money managers (TPMs). Clients will be billed according to the TPM's fee schedule, which will be disclosed to the client before signing an agreement. Beacon receives a portion of the annual fee from the TPM.
When using Gradient Investments, LLC as the third-party money manager, the annual fees are:
- Strategic, Tactical, Allocation & Defined Outcome Portfolios: 1.60% of assets (0.60% to Gradient Investments and 1.00% to Beacon)
- Preservation Portfolios: 1.00% of assets (0.40% to Gradient Investments and 0.60% to Beacon)
- Private Wealth Portfolios: 1.50% of assets (0.50% to Gradient Investments and 1.00% to Beacon)
A quarterly service fee of $15 is also charged per account or investment strategy. These fees are negotiable.