OUR SERVICES
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Depending on your specific needs, Beacon Financial Partners can work with you in a number of ways, including Financial Planning, Asset Management, Wealth Management, and Hourly Consulting:
Financial Planning Financial Planning is not an end product - it's an ongoing process. By creating a road map to get you where you want to go, you will gain a better understanding of what's important to you and how you can achieve your goals and dreams in life. Beacon Financial Partners works together with you to clarify your goals and help you achieve financial prosperity by building a custom Financial Plan for your specific needs. We help you achieve financial prosperity by following a six-step planning process:
The Financial Planning process includes an initial information gathering and goal-setting meeting, a follow-up “plan check” discussion, and a presentation meeting where we explain your formal, written plan. Your plan will address and give specific recommendations in many critical areas such as:
You will also receive a personal Net Worth (Balance Sheet) and Cash Flow (Income and Expenses) report for your current situation. We can coordinate our plans with your existing accountant, attorney, or insurance agent, or refer you to one as needed. Your financial plan is just the beginning of a life-long process that needs to be updated and maintained on a regular basis. Asset Management
Asset Management clients want to simplify their lives and reduce the worry that they won't achieve their financial goals. First we review with you your investment experience, the historical performance of the market, realistic expectations for the future, and our value-oriented investment philosophy. Then we mutually agree on an Investment Policy Statement that governs how we will custom manage your portfolio taking into account your risk tolerance, cash flow needs, tax situation, investment preferences, and any other constraints. The Investment Policy Statement is also the place to address special strategies such as exiting a large stock position or integrating your portfolio with a stock option exercise plan. We balance your personal risk tolerance and cash needs with the time frame and funding status of your goals to determine an appropriate investment strategy. Your accounts will typically consist of a well-diversified mix of mutual funds and individual securities in asset classes such as:
Whenever possible, we will minimize taxes while managing your portfolio. However, we view tax management, although very important, as a secondary consideration to having a well-diversified portfolio with appropriate risk levels and accessibility to your money. Your investment accounts will typically be custodied at Shareholders Service Group (SSG*) in San Diego. SSG provides institutional custody services exclusively to financial advisors. We will make changes to your portfolio, if appropriate, under the guidelines and constraints of your Investment Policy Statement. Remember, as fee-only advisors, we receive no payment of any kind for trading on your accounts. Any trading commissions incurred are paid directly to SSG for executing the trade. You will receive detailed quarterly reports from us on your consolidated portfolio, as well as monthly or quarterly reports from SSG on your individual accounts. Please note that to be eligible for our asset management services, clients must generally have combined total assets of at least $100,000 under our management, with no individual account being less than $10,000. * SSG is not affiliated with any advisor(s) whose name(s) appear(s) on this web site. BFP is independently owned and operated. SSG neither endorses nor recommends any particular advisor or investment strategy. BFP provides investment advisory services for your account(s). SSG provides certain brokerage and custody services to BFP. SSG does not review the BFP web site, and makes no representation regarding the content of the web site. The information contained in the BFP web site should not be considered to be either a recommendation by SSG or a solicitation of any offer to purchase or sell any securities. SSG is not responsible for advice, information or management provided by BFP. For more information about SSG, please go to shareholdersgroup.com. Wealth Management
Our Wealth Management program provides you with a combination of our Financial Planning services at discounted rates, free Hourly Consulting, and Asset Management services together in one overall package. Depending on the level of assets you have under management with us, you will qualify for one of three classes of Wealth Management service: Select, Premiere, or Elite.
Hourly Consulting Hourly Consulting clients usually want specific, one-time solutions to help them avoid making a costly mistake, or to choose between various complicated financial alternatives. Typical issues that our hourly clients seek advice on include college savings strategies, retirement check-ups, investment reviews, charitable donation/tax planning, stock option exercise strategies, real estate buy/sell/rent analysis, or determining the best type of retirement plan to set-up for a small business.
To learn about the wide spectrum of wealth solutions that Beacon Financial Partners provides or has access to, click here.
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