Beacon Pointe Advisors, LLC

CRD#119290
Investment Advisor Firm

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Learn more about Beacon Pointe Advisors, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • 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

    $23.2 billion

    Number of Advisors

    230

    Disclosures

    No

    Office Location

    24 Corporate Plaza
    Newport Beach, CA 92660

    Beacon Pointe Advisors, LLC by the Numbers

    Total Assets Under Management

    $23.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    420

    National Average: 64
    Total Number of Accounts

    42,223

    National Average: 375,227
    Average Account Size

    $550.5 thousand

    National Average: $23.0 thousand
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    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

    • 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.

    • 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.

    • 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

    • 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.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

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

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    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

    • Offered by 69% 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 21% of firms

      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.

    • Offered by 32% of firms

      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.

    Unavailable

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

      Commissions

      Show Explanation

      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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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 10% 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

    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

    Gregory Taylor
    Newport Beach, CA
    Logan Bolick
    Newport Beach, CA
    Michael Gonzalez
    Newport Beach, CA
    Mark Moehlman
    Newport Beach, CA
    Todd Ruble
    Scottsdale, AZ
    Cal Dickman
    Newport Beach, CA
    Leah Loewenthal
    Campbell, CA
    Thomas O'Connor
    Newport Beach, CA
    Jonathan Acosta
    Newport Beach, CA

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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