What is Beacon Wealthcare’s mission?

We empower people to live more abundant and purposeful lives.

What makes your client experience unique?

Quite simply, our clients worry less and enjoy life more. They are content knowing that we pay attention to the important things of their plans and finances, freeing them to live richer, less distracted lives.

As a client of Beacon your calls are answered by Patty, Sam, Geoff, or Jared and your requests or concerns are resolved quickly. We listen like you are our only client. Your plan becomes as unique as you are. Planning is interactive and entertaining; a sharing of stories and dreams, rather than a mindless questionnaire of spending and single-point goals. What-ifs are explored real-time with results informing new and bolder what-ifs. Our advice is independent, unbiased and delivered in a way that does not confuse or intimidate. Clients leave meetings more excited about their future.

How does Beacon as Fiduciary  differ from Stockbrokers and Insurance Representatives?

Beacon Wealthcare is a Registered Investment Advisor (RIA) operating under the regulations imposed by the Investment Advisers Act of 1940. The Act imposes the highest standard of client service known as fiduciary. A fiduciary is one in whom another, known as beneficiary has placed the utmost trust and confidence to manage and protect property or money. An RIA Fiduciary must follow the “trust” standard (the highest standard in law) which requires that it always act in its client’s best interest and ahead of its own, providing the best advice for its client.

Stockbrokers (also called Registered Representatives, Account Executives, Financial Advisors or Wealth Managers) and Insurance Representatives are not fiduciaries. A non-fiduciary stockbroker follows what is known as a suitability standard. The standard does not require the stockbroker/insurance rep to place the interests of his clients ahead of his own. The advisor need only provide advice that is suitable to his clients, even if he knows the advice is not the best advice for that client. Any fiduciary relationship that exists for a Registered Representative or Insurance Rep, exists between him and his employer (the Brokerage or Insurance Company). He is contractually obligated to act in the best interest of his employer, not his client when there are conflicts.

What services does Beacon provide?

There are many components of your financial picture including financial planning, investments, insurance, taxes and estate planning. No one person or organization can be an expert in all these areas. To excel at what we do we have chosen to specialize in planning and investment as we are passionate about both and believe they are inextricably linked. With that said, our comprehensive planning process also considers your insurance, long term care, and estate requirements. We work with some of the best tax, insurance and estate planning advisors in town and refer our clients to the appropriate teams when they do not already have trusted relationships.

Has indexing gotten too big?

Indexing as an investment strategy has clearly gained some traction in recent years. Many have realized the value in not chasing after active returns (and the managers who manage them), and assets have flooded into the growing number of ETFs at places like Vanguard, Blackrock, and others. This growing trend has caused some to ask whether indexing has gotten “too big,” or, more pointedly, whether its growth will cause inefficiencies in the capital markets. In short, the evidence says that the answer to this is no. The size of passively invested assets relative to the whole equity and bond  market is still very small (15% and 5%, respectively), and its growth has not been correlated with any increase in market inefficiency. If you are interested in reading more about this topic, take a look at this Vanguard paper, or give us a call!

How do you charge for your services, and how much?

We have chosen to operate as an independent advisory firm, free from product sales, commissions and conflicts of interest. We charge a simple, transparent fee of 1.25% on the first $250,000 of the assets we manage,  1% on the next $750,000, with .10% reductions for each $1 million after that. One fourth of the fee is charged each calendar quarter. We combine, within a household, all accounts in the family relationship to maximize the fee discount. The fee is considered in all planning and reporting.

Does Beacon require a minimum account size?

We do not require a minimum account size, but we may charge a minimum fee depending on the complexity of the client’s planning needs.

How much contact do you have with your clients?

Ideally, we meet face to face every quarter, but some clients prefer less frequent meetings and some by telephone if time or distance require. We update our client’s plans every month with new asset values and post the results to their secure website portal for easy, highly secure viewing.

Can I see a sample financial plan?

Absolutely, Just give us a call at 919.821.5225.

Is Beacon a regulated financial institution?

As fiduciaries, we are held to the highest standard of professionalism in the financial services industry. Beacon Wealthcare, Inc. is a Registered Investment Advisor, regulated by the State of North Carolina. The document we file with the State, known as the ADV Part 2 is available for your review any time on this website.

Beacon does not custody or hold any client funds. All client assets are held by Schwab Institutional , the nation’s largest Broker-Dealer for RIAs. Your assets are insured by the industry’s own SIPC and carry additional insurance through Schwab’s Asset Protection Plan.

Do you provide references?

Of course. We are happy to share client references with similar circumstances, or of those who meet criteria you specify. Just give us a call at 919.821.5225

How much experience do you have?

Together Sam and Geoff have 50 years of investment and financial planning experience, ever mindful of and adaptive to the absolute best practices for maximizing our clients’ lives.

How do I get started?

Hiring a financial planner is one of the most important decisions you make. It begins with a foundation of understanding and trust that we understand takes time – and we are willing to investment the time necessary to develop mutually productive life-long relationships.

Generally we start with two meetings. These confidential conversations are complimentary to you. The first is a ‘discovery consultation’ lasting 60 to 90 minutes in which we get to know one another and, if you are comfortable, begin building an initial plan. During the plan development segment, you can expect us to ask questions about your dreams, goals, and aspirations.  We will ask you to begin thinking about what’s important in your life and how it might be improved if certain areas of your finances could be more optimally aligned.

The lights come on and the imagination runs freely during our second meeting as we present your initial plan. It is pretty basic compared to what it will develop into, but robust enough to help you to dream more easily than our first meeting and discover, real-time, some exciting opportunities that may lie hidden among your current resources. We’d love to meet you and help you discover your opportunities. Please click today to schedule an appointment.