Beach Investment Counsel, Inc

CRD#107615
Investment Advisor Firm

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Overview

Beach Investment Counsel, Inc operates as a financial advisory company headquartered in Conshohocken, Pennsylvania. The firm oversees $1.4 billion in assets under management throughout 121 client accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). Beach Investment Counsel, Inc has a small team of 12 employees, including four financial advisors. Beach Investment Counsel, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like options, bonds and equities.

Beach Investment Counsel, Inc oversees all of the company's accounts in a discretionary manner. Discretionary management means that buy and sell choices are made by a portfolio manager without needing to seek client permission. The advisory firm's average account size is $11.2 million. The average advisor at Beach Investment Counsel, Inc administers around 30 client accounts, making it about average in terms of personalization.

Beach Investment Counsel, Inc's central office is located at 300 Barr Harbor Drive, Conshohocken, Pennsylvania 19428. The company is permitted to provide services to clients across 5 states, including Florida, New Hampshire, New York, Pennsylvania and Texas.

Assets Under Management

$1.4 billion

Number of Advisors

4

Disclosures

No

Office Location

300 Barr Harbor Drive
Conshohocken, PA 19428

Beach Investment Counsel, Inc by the Numbers

Total Assets Under Management

$1.4 billion

National Average: $3.3 billion
Total Number of Employees

12

National Average: 31
Total Number of Accounts

121

National Average: 1,935
Average Account Size

$11.2 million

National Average: $1.7 million

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Products and Services

Beach Investment Counsel, Inc provides multiple services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. It does not sell products or offer services aside from investment advisory services to its investment advisory accounts.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors largely are based on the financial services offered. However, fee types billed by the company likely include some combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Beach Investment Counsel, Inc.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 39% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It provides services to high net worth investors, pooled investment vehicles, charitable organizations and corporations. Out of its 121 clients, Beach Investment Counsel, Inc's largest client is high net worth investors, but it also manages money for 108 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 89.26%
  • Other Individuals - 0%
  • Corporations - 5.79%
  • Charitable Organizations - 4.96%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Beach Investment Counsel, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA