Beacon Financial Strategies Corp. (Raleigh)

Name: Beacon Financial Strategies Corp.
Address: 7100 Six Forks Road, Raleigh, NC, 27615
Telephone: 919-803-3801

Beacon Financial Strategies Corp. is a large advisory firm based in Raleigh. It manages $155.22 million of regulatory assets for 489 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of North Carolina and Texas.

Beacon Financial Strategies Corp provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beacon Financial Strategies Corp: assets under management

The assets under management (AUM) of Beacon Financial Strategies Corp. is $155.22 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $152.3 million in discretionary accounts and $2.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $314.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $583.64 thousand.

Beacon Financial Strategies Corp has custody of $40.04 million in cash and securities for 39 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beacon Financial Strategies Corp. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nathan Ross Hymiller serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Nathan Ross Hymiller is high net worth individuals with 42 clients and $112.84 million of assets under management. Among the 6 most similar advisory firms, Beacon Financial Strategies Corp has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $155.22 million for 133 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 Financial Strategies Corp doesn't advise any private funds.

Careers at Beacon Financial Strategies Corp.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Nathan Ross Hymiller has been acting as President since 1 Jul 2004. Erin Price Campbell joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Erin Price Campbell	Vice president	1 Jul 2004	50% - 75%	4257764
Nathan Ross Hymiller	President/ cco	1 Jul 2004	50% - 75%	2392438

Based in Raleigh

The principal office where Beacon Financial Strategies Corp. performs its advisory services is located at 7100 Six Forks Road, Raleigh, NC 27615, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-803-3801 or by fax 800-675-3197. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at beaconfinancialstrategies.com.