Beach Investment Counsel Inc (West Conshohocken)

Beach Investment Counsel Inc is a large advisory firm based in West Conshohocken. It manages $1.14 billion of regulatory assets for 115 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Hampshire, New York, Pennsylvania, and Texas.

Beach Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Beach Investment Counsel: assets under management

The assets under management (AUM) of Beach Investment Counsel Inc is $1.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.92 million each.

Beach Investment Counsel has custody of $93.42 million in cash and securities for 14 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 13% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beach Investment Counsel Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beach Investment Counsel serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Beach Investment Counsel is high net worth individuals with 104 clients and $776.94 million of assets under management. Among the 9 most similar advisory firms, Beach Investment Counsel has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.14 billion for 115 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.

Beach Investment Counsel doesn't advise any private funds.

Careers at Beach Investment Counsel Inc

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Earl Beach	Managing director	1 Jan 1995	25% - 50%	1795713
Walter Thomas Beach	Managing director	1 Dec 1997	75% - 100%	2324814
Edward Wright Turville	Managing director	1 Apr 2000	Other	450881
Keith Slater Jennings	Managing director	1 Jun 2002	Other	1938910
Cheri Ann Cecchin	Chief compliance officer	1 Mar 2013	Other	6179204

Based in West Conshohocken

The principal office where Beach Investment Counsel Inc performs its advisory services is located at 300 Barr Harbor Drive, West Conshohocken, PA 19428, 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 610-940-1111 or by fax 610-940-1118. The normal business hours are 9:00am - 5:00pm on Monday - Friday.