Beacon Investment Advisory Services, Inc. is a large advisory firm based in Morristown. It manages $2.96 billion of regulatory assets for 2,150 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.
Beacon Investment Advisory Services provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Beacon Investment Advisory Services, Inc. is $2.96 billion. The firm's AUM has grown by 2260% since the beginning of its operation, and $9 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Beacon Investment Advisory 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, investment companies, charitable organizations, and high net worth individuals. The largest group of clients of James Domenick Nesci is high net worth individuals with 1,631 clients and $2.17 billion of assets under management. Among the 9 most similar advisory firms, Beacon Investment Advisory Services has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.93 billion for 2,148 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 Investment Advisory Services doesn't advise any private funds.
The company employs 37 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 21 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
James Domenick Nesci has been acting as President since 1 Apr 2015. Valerie O Murray joined the executive team most recently as the President.
The principal office where Beacon Investment Advisory Services, Inc. performs its advisory services is located at 163 Madison Avenue, Morristown, NJ 07960, which is also the mailing address of the firm. An additional office of the firm is in Hauppauge, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-377-8090. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mdegroup.com.