Beacon Retirement Planning Services Inc. is a large advisory firm based in Dallas. It manages $689.12 million of regulatory assets for 2,170 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Beacon Retirement Planning Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Beacon Retirement Planning Services Inc. is $689.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1229% since the beginning of its operation, and $706.42 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Beacon Retirement Planning Services Inc. for their services and products based on a percentage of assets under management and fixed fees. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Stephen Anthony Engro is high net worth individuals with 764 clients and $612.86 million of assets under management. Among the 7 most similar advisory firms, Beacon Retirement Planning Services has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $689.12 million for 776 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Beacon Retirement Planning Services doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Stephen Anthony Engro has been acting as President since 1 Jan 2000. L.P. Kingfisher Holding joined the executive team most recently as the Owner.
The principal office where Beacon Retirement Planning Services Inc. performs its advisory services is located at 17300 Preston Rd, Suite 120, Dallas, TX 75252 5654, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 972-726-9888 or by fax 972-726-9880. The normal business hours are 8am cst - 5pm cst on Monday - Friday. You can find more information about the New York firm at beaconfg.com.