Beacon Wealth Management LLC is a large advisory firm based in Hackensack. It manages $284.98 million of regulatory assets for 960 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.
Beacon Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and financial and business consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Beacon Wealth Management: assets under management
The assets under management (AUM) of Beacon Wealth Management LLC is $284.98 million. The firm's AUM has grown by 670% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $281.3 million in discretionary accounts and $3.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $298.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.73 thousand.
Beacon Wealth Management has custody of $20.78 million in cash and securities for 21 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.
