Beacon Financial Planning, Inc. (South Easton)

Name: Beacon Financial Planning, Inc.
Address: 45 Bristol Drive, South Easton, MA, 02375
Telephone: 508-230-3588

Beacon Financial Planning, Inc. is a large advisory firm based in South Easton. It manages $143.2 million of regulatory assets for 642 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and Texas.

Beacon Financial Planning provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beacon Financial Planning: assets under management

The assets under management (AUM) of Beacon Financial Planning, Inc. is $143.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $163.26 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $143.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $223.06 thousand each.

Beacon Financial Planning has custody of $1.19 million in cash and securities for 142 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beacon Financial Planning, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beacon Financial Planning serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Beacon Financial Planning is high net worth individuals with 37 clients and $74.02 million of assets under management. Among the 12 most similar advisory firms, Beacon Financial Planning has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $143.2 million for 261 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Beacon Financial Planning doesn't advise any private funds.

Careers at Beacon Financial Planning, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter Kendall Herlihy	Director, president, secretary	1 Jan 2005	75% - 100%	1190239
Peter Leo Deschenes	Treasurer	1 Feb 2005	Other	4632664
Linda Barnes Gadkowski	Chief compliance officer	1 Jul 2019	Other	4720136

Based in South Easton

The principal office where Beacon Financial Planning, Inc. performs its advisory services is located at 45 Bristol Drive, South Easton, MA 02375, which is also the mailing address of the firm. An additional office of the firm is in Wellesley Hills, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 508-230-3588 or by fax 508-230-3633. The normal business hours are 9 to 5 pm on Monday - Friday. You can find more information about the New York firm at beaconfinancialplanning.com.