Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Publication of Periodicals or Newsletters
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Beacon Pointe Advisors, LLC Overview
Beacon Pointe Advisors, LLC is a fee-only registered investment advisory firm headquartered in Newport Beach, CA, that has been providing investment advice since 2002. As an investment advice-only firm, Beacon Pointe Advisors offers a wide range of portfolio management services to individuals, small businesses, pooled investment vehicles, businesses, and institutional clients. They also offer pension consulting services, selection of other advisors, publication of periodicals or newsletters, educational seminars, and workshops, as well as consulting services. In addition to their portfolio management services, Beacon Pointe Advisors provides financial planning services to help clients achieve their financial goals. They tailor financial plans to each client, considering their risk tolerance, time horizon, and investment objectives. With their guidance, clients can make better-informed decisions about their finances and achieve greater financial security. As a fee-only firm, Beacon Pointe Advisors is committed to providing transparent, independent advice to their clients. They do not earn commissions on investment products and are solely compensated by their clients’ fees. This compensation structure ensures that their clients’ best interests are always at the forefront, and they work to provide the most effective solutions for their clients’ financial goals.
BEACON POINTE ADVISORS, LLC caters to a diverse array of clients. Among the clientele, there are individuals, high net worth individuals, pooled investment vehicles, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, and other corporations not listed. Each client is unique and requires individualized attention and solutions that are customized to fit their specific needs. BEACON POINTE ADVISORS, LLC has flexible fee structures to accommodate the varying needs of their clients. These fees are determined by the service provided and can be configured as a percentage of assets under management (AUM), fixed fees, or hourly. The percentage of AUM is a common fee structure for investment management that charges a percentage of assets under the advisor's control. Fixed fees, on the other hand, are predetermined fees that are charged regardless of the amount of assets managed. Lastly, an hourly fee structure charges for advisory services on an hourly basis. This encourages clients to utilize the services as needed and pay for services received. Ultimately, these flexible fee structures allow BEACON POINTE ADVISORS, LLC to work closely with clients to create investment strategies that fit perfectly into their financial budgets.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Beacon Pointe Advisors' Managed Account Program is $1 million, as stated in their Part 2 Brochure. Clients are typically required to maintain this minimum account size, and significant fund withdrawals may require additional deposits to continue management of accounts. The firm also reserves the right to reduce or waive the minimum requirement at their discretion.
How This Office Can Help Wauwatosa, WI Residents
Beacon Pointe Advisors is a wealth management firm that assists clients in Wauwatosa, WI by providing customized financial planning services. Wauwatosa residents face a variety of financial situations, such as managing retirement savings, planning for long-term care, and navigating complex tax laws. Beacon Pointe Advisors understands the unique challenges facing clients in this area and provides personalized advice and investment solutions to meet their needs. The firm offers investment management, financial planning, tax planning, and estate planning services to ensure that clients have a comprehensive financial plan that addresses all aspects of their financial lives. From building retirement savings to preserving wealth for future generations, Beacon Pointe Advisors strives to help clients achieve their financial goals and dreams. With a focus on long-term success, the firm provides ongoing support and guidance to ensure that clients stay on track and make informed decisions about their money.
Services Offered by Beacon Pointe Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Beacon Pointe Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Beacon Pointe Advisors, LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Beacon Pointe Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.