Beacon Pointe Advisors, LLC
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Overview
Beacon Pointe Advisors, LLC is a financial advisor company based in Newport Beach, California. Beacon Pointe Advisors, LLC controls $23.2 billion in assets throughout 42,223 accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The company has a large group, including 230 financial advisors. Beacon Pointe Advisors, LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like bonds, equities and options.
Beacon Pointe Advisors, LLC oversees more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by an investment advisor without requiring the customer's approval. Beacon Pointe Advisors, LLC also administers 325 non-discretionary accounts with a total of $2.1 billion in AUM. The company's average account size is $550,547. The average financial advisor at Beacon Pointe Advisors, LLC manages about 184 client accounts.
The company's central office is located at 24 Corporate Plaza, Newport Beach, California 92660. It is permitted to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Beacon Pointe Advisors, LLC by the Numbers
$23.2 billion
420
42,223
$550.5 thousand
Products and Services
Beacon Pointe Advisors, LLC provides a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and other services. In the last financial year, Beacon Pointe Advisors, LLC provided financial planning services to 5800 of its clients. It is engaged in selling products or offering services apart from investment advisory services to its customers. It is also affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm, insurance company or agency and real estate broker or dealer.
Core Advisor Services
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Offered by 31% of firms
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.
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Offered by 46% 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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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% 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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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management typically are based on which services the firm provides the client. However, fee types billed by the company likely are comprised of some blend of the following fee types: asset-based, hourly or fixed. The company participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Beacon Pointe Advisors, LLC does business with a number of different clients. Beacon Pointe Advisors, LLC works with retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations. Out of its 42,223 accounts, Beacon Pointe Advisors, LLC's largest client by number of accounts is retail investors, but it also serves 4,800 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 36%
- Other Individuals - 62.2%
- Corporations - 1.16%
- Charitable Organizations - 0.64%
* 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
Beacon Pointe Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Beacon Pointe Advisors, LLC
Newport Beach, CA
Newport Beach, CA
Newport Beach, CA
Newport Beach, CA
Scottsdale, AZ
Newport Beach, CA
Campbell, CA
Newport Beach, CA
Newport Beach, CA
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