Beacon Pointe Wealth Advisors, LLC is a large advisory firm based in Newport Beach. It manages $2.19 billion of regulatory assets for 7,761 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
Beacon Pointe Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Beacon Pointe Wealth Advisors, LLC is $2.19 billion. The firm's AUM has grown by 2481% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Beacon Pointe Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Beacon Pointe Wealth Advisors is high net worth individuals with 608 clients and $1.5 billion of assets under management. Among the 9 most similar advisory firms, Beacon Pointe Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.19 billion for 2,044 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Beacon Pointe Wealth Advisors doesn't advise any private funds.
The company employs 80 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 55 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Gaffney Dow has served as the Chief Investment Officer since 1 Nov 2018. Llc Bpwa Boston Ownership joined the executive team most recently as the Class B Member.
The principal office where Beacon Pointe Wealth Advisors, LLC performs its advisory services is located at 24 Corporate Plaza Drive, Newport Beach, CA 92660, which is also the mailing address of the firm. An additional office of the firm is in Tulsa, OK. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 949-718-1600 or by fax 949-718-0601. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bpwealthadvisors.com.