Beacon Associates Wealth Management works with a third-party manager to manage client investments. Beacon helps clients select an investment approach that matches their goals and risk tolerance. Beacon monitors the third-party manager to ensure they stick to their investment style and that their performance aligns with the client's goals. Beacon can change third-party managers if it's in the client's best interest. Beacon also offers project-based financial advice for a fixed or hourly fee.
Fee Structure
Beacon Associates uses a third-party manager to manage investments. The fee for this service is a percentage of the value of your portfolio and is negotiable, ranging from 0.10% to 2.00% per year. These fees are typically paid monthly or quarterly. You are responsible for third-party fees such as custodian fees and mutual fund fees.