Beacon Pointe Advisors

Beacon Pointe Recognized as a Barron’s Top 100 RIA Firm

bpclone — Tue, 17 Sep 2024 10:34:38 +0000

It is a humble honor to be recognized by Barron’s for over half a decade as a top wealth advisory firm in the nation. We are deeply appreciative of the recognition of our company’s thoughtful and intentional growth and our efforts put forth to help clients achieve their financial aspirations through our allWEALTH® process, designed to align our clients’ life and wealth through a focus on three key areas: access to Institutional Quality Investments, Life & Legacy Planning, and Impact Initiatives.

The Barron’s Top RIA Firms award ranking is dedicated to recognizing elite firms across the country that demonstrate steady growth, both organically and through mergers and acquisitions of smaller RIA firms. Barron’s evaluation is based on both qualitative and quantitative criteria, including assets managed by the firms, technology spending, staff diversity, succession planning, and other valuable metrics. There are additional subcategories considered, including type of asset, client retention, growth rate, philanthropic work, and more. The rankings are meant as a baseline for clients searching for an advisor – helping investors narrow down their search to feel confident about their RIA firm selection. For more information on Barron’s ranking methodology, click here.

Each year, the award has grown to include more and more firms in the list, starting with 20 top firms in 2016 and increasing year-over-year to reach 100 top firms in 2020, with over 13,000+ RIA firms across the country for Barron’s to select from. Barron’s Top 100 RIA Firms award ranking is dedicated to recognizing elite firms across the country that demonstrate steady growth, both organically and through mergers and acquisitions of smaller RIA firms.

Below is a compilation of Beacon Pointe’s various Barron’s year-over-year award rankings:

2024 –Beacon Pointe has been included in the 2024 Barron’s Top 100 RIAs shortlist securing a Top 7 ranking!

This is the eighth annual ranking put forth by Barron’s of independent advisory companies ranked by assets under management, firm growth, technology spending, succession planning, and other metrics. The Beacon Pointe team looks forward to further impacting the wealth advisory landscape in 2024 and beyond. To view the full list of Barron’s Top 100 RIA Firms for 2024, click here.

2023 – Barron’s annual Top RIA Firms ranking for 2023 is here and out of 100 noteworthy firms, Beacon Pointe has been named as a Top 15 Registered Investment Advisory (RIA) firm in the nation.

For the sixth consecutive year, Beacon Pointe has been recognized in the prestigious Barron’s Top 100 RIAs! The Beacon Pointe team is honored to be included and excited to continue making waves in the wealth advisory industry.

To view the full list of Barron’s Top RIA Firms for 2023, click here.

2022 – Out of 100 noteworthy firms, Beacon Pointe was ranked 16^th in the nation, having gained five positions from the 2021 ranking.

To view the full list of Barron’s Top RIA Firms for 2022, click here.

2021 – Beacon Pointe secured spot 21 in Barron’s annual ranking for 2021, having gained nine positions from the 2020 ranking.

To view the full list of Barron’s Top RIA Firms of 2021, click here.

2020 – Beacon Pointe was named to Spot 30 in Barron’s Top 100 RIA Firms ranking.

In addition to being ranked among the Top 100 RIA firms in the nation, Beacon Pointe Chief Executive Officer, Shannon Eusey, was also included in Barron’s Executive Class listing. The Top 100 RIA Firm Executives who graduated into their management roles after starting as ranked advisors are exclusively included in this list. Shannon was the only woman on the list, having spent four years as a financial advisor before founding Beacon Pointe Advisors in 2002.

To view the full list of Barron’s Top RIA Firms of 2020, click here.

To view Barron’s Executive Class ranking and read about the changes the RIA industry experienced in 2020, click here.

2019 – Jumping up 16 spots from the prior year’s nationwide Top RIA Firms ranking, Beacon Pointe was named a Top 20 RIA Firm by Barron’s.

To view the full list of Barron’s Top RIA Firms of 2019, click here.

2018 – Barron’s included Beacon Pointe in their 2018 list of the Top 40 RIA Firms. The award has jumped from recognizing 20 top firms in 2016, and 30 in 2017, to 40 in 2018 to make room for the “explosive growth” of firms.

To view the full list of Barron’s Top 40 RIA Firms, click here.

If you could benefit from a conversation with our advisory team,

we would be happy to provide a complimentary consultation.

About Barron’s

Barron’s (www.Barrons.com) is a prominent source of financial news, delivering detailed analysis and commentary on investments, stocks, bonds, ETFs, options, commodities, market movements, and more each week online and through Barron’s magazine. The world’s premier investing publication is published by Dow Jones & Company since 1921. For more information on Barron’s, click here.

About Beacon Pointe

Beacon Pointe Advisors is a multi-billion-dollar registered investment advisory headquartered in Newport Beach, California, with office locations and clients located nationally. Institutional and private clients have long relied on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans through our proprietary allWEALTH® approach. Our advisors’ extensive expertise and strong commitment to our clients can be seen through numerous awards.

To view Beacon Pointe’s complete list of all other awards and recognitions, click here.
To view Beacon Pointe’s Institutional Consulting Services Team’s Barron’s recognition, click here.
To view Beacon Pointe’s Women Advisors Barron’s recognition, click here.

Important Disclosure: Third-party awards, rankings, and recognitions are no guarantee of future investment success. These ratings should not be construed as an endorsement of the advisor by any client or prospective client, nor are they representative of any one client’s experience because the rating reflects an average of all, or a sample of all, of the experiences of the adviser’s clients. Registration as an investment advisor does not imply a certain level of training or skill. Beacon Pointe Advisors did not pay to participate in any award or survey. This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal, or tax advice. An investor should consult with their financial professional before making any investment decisions. For additional information about industry awards and rankings please see Important Disclosures.

The post Beacon Pointe Recognized as a Barron’s Top 100 RIA Firm appeared first on Beacon Pointe Advisors.

Beacon ‘Pointe of View’ – A Market Update September 2024

bpclone — Fri, 06 Sep 2024 22:27:01 +0000

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The Quick Facts

U.S. large-cap equities managed to recover from a 6.1% drawdown at the start of the month to finish August with a 2.4% gain for the S&P 500.
The worst volatility surge since the pandemic occurred in early August, with the CBOE Volatility Index (“VIX”) trading as high as 66.
The Sahm rule was triggered, but the U.S. is not in a recession, according to its creator.
The U.S. economy expands at a revised 3% rate on resilient consumer spending.
The market is now pricing in a scenario where the Federal Reserve (“Fed”) is about to cut rates into a healthy economy.
All eyes are on the September 18 Federal Open Market Committee (FOMC) meeting, with the debate surrounding the magnitude of the interest rate cut.

After a tumultuous start to the month with the worst volatility surge since the pandemic, markets finished strong across asset classes. As the Yen carry-trade unwind of the beginning of August settled down, concerns over the economy declined. Thanks to macroeconomic data pointing towards a soft landing remaining more likely than a recession, U.S. large-cap equities managed to recover from a 6.1% drawdown at the start of the month to finish August with a 2.4% gain for the S&P 500, and the year-to-date total return just shy of 20%.

Investors are now focused on the September 18 Federal Open Market Committee (FOMC) meeting, with the debate surrounding whether to expect a 25 basis-point or 50 basis-point interest rate cut. Gains in equities, Treasuries and investment-grade bonds depict the market pricing in a scenario where the Fed is about to cut rates into a healthy economy. The U.S. economy grew at a slightly stronger 3.0% pace in the second quarter than initially reported, reflecting an upward revision to consumer spending.

During the Fed’s annual conference at Jackson Hole, Fed Chair Jerome Powell said, “The time has come for policy to adjust.” He added, “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”

July Asset Class Performance

As of August 31, 2024. Source: Bloomberg, Beacon Pointe.

Consumer Staples (+6.0%) and Real Estate (+5.7%) led among sectors in August, while Energy (-2.1%) and Consumer Discretionary (-0.2%) were the laggards. Year-to-date, the top three performing sectors are Financials (+22.6%), Utilities (+22.4%) and Communication Services (+20.8%), while the worst three are Consumer Discretionary (+5.1%), Real Estate (+10.6%) and Energy (+10.6%).

According to statistics provided by S&P Global, the Magnificent 7 (Apple, Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla), which account for 30.5% of the S&P 500’s market value, reduced the S&P 500’s total return for August by 0.75%, with only 3 of the 7 posting gains for August. Year-to-date, the 7 account for 45% of the index’s return, with Nvidia alone accounting for 23% of the S&P 500’s gain. As the dominance of the Magnificent 7 declined for the month, one major takeaway was the continued improvement of the other 493 (S&P 500 ex-the Magnificent 7) speaking to a broader equity market momentum.

Value marginally outperformed Growth, with the Russell 1000 Growth up 2.1% in August (+21.1% YTD) vs. +2.7% for the Russell 1000 Value (+15.1% YTD). Over the last three years, the total return of the Large-cap Value index has lagged the total return of the Large-cap Growth Index by 5.8%. The Russell 2000 Index – the world’s most closely followed gauge of smaller companies – was down 1.5% in August but remains up 10.4% year-to-date. The ESG segment of the market, as measured by the MSCI USA ESG Select Index, was up 3.0% in August, 0.6% ahead of the S&P 500. Over the last three years, the ESG index is up 22.2% and 7.0% behind the S&P 500 on a total return basis. Emerging markets equities underperformed in August, with a +1.6% total return. They continue to lag U.S. equity returns year-to-date (+9.5%), over the last 12 months (+15.1%), and over the last 3 years (-8.9%). The EAFE (Europe, Australasia, and the Far East) equity index outperformed in August, recovering from earlier election uncertainty. The index was up 3.3% in August and is now up 12.5% year-to-date, behind the U.S. but ahead of Emerging Market returns for equities.

The rise in the unemployment rate in July to 4.3%, announced on August 2, brought the Sahm rule to 0.53, just above its trigger. Even so, Economist Claudia Sahm, who created the rule in 2019, believes that “there is good reason to view the current rise in the unemployment rate as overstating the recessionary dynamics.” However, she also noted in an opinion piece published in August that “the risk of a recession is elevated, strengthening the case for the US Federal Reserve to cut interest rates.” Treasuries extended gains in August. The 10-year U.S. Treasury closed August at 3.90% vs. 4.40% at the end of June, 3.88% at the end of December 2023, and from a peak of 5.0% in October 2023. Shorter-term 2-year U.S. Treasury closed 34 basis points lower on the month at 3.92% vs. 4.25% at the end of 2023. The 2y x 10y yield curve inversion is almost gone with just 2 basis points left at the end of August. The U.S. Aggregate bond index was up 1.4% in August, bringing the YTD return to 3.1%. The Municipal Bond Index was up 0.8% in August and is now in the green YTD (+1.3%).

The Democratic National Convention nominated Vice President Kamala Harris as the party candidate for President and Governor of Minnesota Tim Walz for Vice President. They will oppose the Republican ticket of former president Donald Trump for President and Senator of Ohio J.D. Vance for Vice President at the November 5, 2024 election. While elections may create short-term fluctuations, it is essential to maintain a long-term perspective. Reacting impulsively to market fluctuations can lock in losses and derail investment strategy.

The VIX saw the worst volatility surge since the pandemic at the beginning of August, trading as high as 65.7. The VIX closed August at a more benign 15.0, compared to the post-GFC average of 18.5. Gold prices were up again in August (+2.3%), closing at $2,503 per ounce and up +21.3% YTD, ahead of U.S. large-cap equities. Oil futures, as measured by the WTI Crude Oil $/bbl, were down 5.6% in August to $74/ bbl. The U.S. Dollar Index, which indicates the general international value of the U.S. Dollar, weakened by another 2.3% in August, bringing the year-to-date gain to just 0.4%. Both Bitcoin and Ethereum were down in August (-8.7% and -22.2%, respectively) but the crypto assets remain up 38.7% and 9.8% year-to-date, respectively.

Chart of the Month – Consumer Loan and Credit Card Delinquency Rates, %

Fed fund futures are financial contracts based on the federal funds rate, which is the interest rate at which banks lend reserves to each other overnight. These futures are traded on exchanges like the CME and are used to hedge or speculate on changes in U.S. monetary policy.

Each Fed fund futures contract corresponds to a specific calendar month and settles based on the average effective federal funds rate for that month. By looking at the prices of these contracts, one can infer the market’s expectations for future Fed fund rates. For example, if the futures price suggests a higher rate, the market believes the Fed might raise rates; if lower, a rate cut might be expected. Fed fund futures reflect the market’s expectations of future Fed policy actions.

These futures are crucial tools for managing interest rate risk and are often used by institutions to align their portfolios with anticipated Fed policy moves.

Currently, Fed fund futures imply the Fed will start cutting rates in September and reduce them by 2.0% (equivalent to eight 25 basis point cuts) by 2026.

Apollo’s Chief Economist believes that the “Fed pricing is wrong, and the market is making the same mistake it made at the beginning of the year” as he sees “still no signs of a US recession, and the US economy is doing just fine.”

As of August 26, 2024, Source: Bloomberg, Beacon Pointe.

Quote of the Month

“Earnings don’t move the overall market; it’s the Federal Reserve Board … focus on the central banks, and focus on the movement of liquidity … most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.” – Stanley Druckenmiller

Major Asset Class Dashboard

As of August 31, 2024. Source: Bloomberg, Beacon Pointe.

Beacon ‘Pointe of View’ – A Market Update August 2024

Important Disclosure: The information contained in this article is for general informational purposes only. Opinions referenced are as of the publication date and may be modified due to changes in the market or economic conditions and may not necessarily come to pass. Forward-looking statements cannot be guaranteed. Past performance is not a guarantee of future results. Beacon Pointe has exercised all reasonable professional care in preparing this information. The information has been obtained from sources we believe to be reliable; however, Beacon Pointe has not independently verified or attested to the accuracy or authenticity of the information. The discussions, outlook, and viewpoints featured are not intended to be investment advice and do not consider specific investment objectives or risk tolerance you may have. All investments involve risks, including the loss of principal. Consult your financial professional for guidance specific to your circumstances.

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Is An Annuity Right For You?

bpclone — Thu, 29 Aug 2024 19:42:03 +0000

When considering options for securing a stable retirement income, annuities often come into the conversation as a viable solution. But with so many types and details involved, it’s essential to understand what an annuity is, how it works, and whether it aligns with your financial goals. We will break down key questions you may have about annuities, ranging from the basics and various types available to how they’re taxed and their potential benefits and drawbacks. Whether you’re exploring ways to safeguard your financial future or looking for options to cover long-term care expenses, understanding annuities can help you make an informed decision.

Q: What is an annuity?

A: An annuity is a contract between the purchaser/owner and the issuing insurance company. Annuities can be purchased by making either a single payment or a series of payments over time. Annuities are generally viewed as retirement vehicles because they offer tax-deferred growth and provide a reliable, guaranteed stream of income that cannot be outlived.

Q: What are the different types of annuities?

A: There are three types of annuities: Fixed, Indexed, and Variable.

Fixed Annuity – A fixed annuity is one in which the insurance company promises a guaranteed rate of return for a period of time set forth in the annuity contract.
Indexed Annuity – An index annuity offers growth based on some market index, such as the S&P 500. Index annuities offer downside market protection, and the accumulation value is not affected by negative market performance.
Variable Annuity – A variable annuity allows for growth based on mutual fund-type investments called sub-accounts. The rate of return is determined by the performance of these sub-accounts. Variable annuities generally offer a wide range of sub-accounts, allowing the annuity owner to choose sub-accounts that meet their risk tolerance and investment objectives. The accumulation value in a variable annuity will fluctuate with market performance.

Q: How are annuities taxed?

A: Distributions from annuities are taxed as ordinary income. When an annuity is funded with after-tax dollars, it is considered a non-qualified annuity. In a non-qualified annuity, only the gains above the original investment are taxed. Distributions from a non-qualified annuity are taxed on a “Last In, First Out” basis. This means interest earned must be withdrawn first before the original investment. When an annuity is funded with pre-tax dollars, it is considered a qualified annuity. All distributions from a qualified annuity are fully taxable. (Please consult your tax advisor for the tax treatment of distributions from an annuity).

Q: Can an annuity be helpful to the success of my financial plan?

A: Yes. Distributions from annuities can be used how one chooses. There are, however, hybrid annuities that offer traditional guaranteed growth while providing the added benefit of leveraged dollars for long-term care. Should you not be able to perform two of the six activities of daily living, or you are cognitively impaired, these annuities will provide a monthly long-term care benefit. The biggest advantage of these types of annuities is that the interest growth is not taxable if used for long-term care.

Q: Am I required to annuitize an annuity to receive income?

A: No. You are not required to annuitize an annuity to receive income. While annuitization is one option to receive a guaranteed lifetime income stream, many annuities offer income riders. Choosing to exercise the income rider will provide guaranteed income for life. Additionally, you may simply make withdrawals from the accumulation value of your annuity. Making periodic withdrawals from an annuity does not provide for guaranteed lifetime income and could lead to depleting the accumulation value of your annuity.

Q: Can annuities provide joint benefits for spouses?

A: Yes. Annuities can be structured to provide a guaranteed lifetime income benefit to a couple as long as one person is alive.

Q: What are the disadvantages of an annuity?

A: Annuities offer many benefits, but they are not right for everyone. There may be surrender charges, rider costs, investment fees, and other costs associated with the purchase of an annuity. Annuities can be complex investment vehicles. Please reach out to your advisor to initiate a conversation about annuities and discuss whether they are appropriate for your situation.

* Beacon Pointe Advisors, LLC and Beacon Pointe Insurance Services, LLC do not endorse any insurance company or product. Insurance and annuity products are not depositions, not guaranteed by a bank or its affiliates, not insured by the FDIC or other federal government agencies and may decrease in value. All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company.

Important Disclosure: This commentary is intended for general information purposes only, and should not be construed as legal, tax, investment, financial, or other advice. It does not consider the specific investment objectives, tax and financial condition or needs of any specific person. Past performance is not a guarantee of future results. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Information that has been obtained from outside sources we believe to be reliable; however, Beacon Pointe has not independently verified or attested to the accuracy or authenticity of the information. Beacon Pointe Advisors, LLC is under common control with a related insurance agency, Beacon Pointe Insurance Services, LLC (“BPIS”). Certain employees are licensed insurance agents of BPIS and are compensated for the sale of insurance products. Clients will not pay both a management fee and commission for such products.

The post Is An Annuity Right For You? appeared first on Beacon Pointe Advisors.

Celebrating History: National 401(k) Day

bpclone — Wed, 28 Aug 2024 21:50:04 +0000

Overview of the 401(k)

However you plan on spending your retirement is up to you, yet it will likely be the most expensive thing you will have to pay for. And for this you cannot receive a loan, entailing that you will have to save for it. An employer sponsored retirement account simply gives the employee a chance to commit a percentage of their pre-taxed paycheck to a retirement account.

History of the 401(k)

Despite the widespread popularity of the 401(k), 401(k) retirement plans were created essentially by accident. In 1978, Congress passed the Revenue Act of 1978, including provision, Section 401(k). This section gave employees a tax-free method to defer compensation from bonuses or stock options. Ted Benna, the founding father of the 401(k), found an opportunity to build a more tax-friendly retirement account. In 1981, the IRS issued rules, giving employees the chance to contribute to their 401(k) plans through salary deductions. Companies across the U.S. found this retirement plan much more appealing than pensions because it was much more predictable to fund, and it was less expensive to do so. Employees were drawn to it because it was advertised as an advanced savings vehicle that would put them in an optimal position to retire. In fact, 401(k) plans across the United States roughly account for $7.3 trillion in assets as of March 31, 2022. To spread awareness, the Plan Sponsor Council of America, created National 401(k) Day. The Friday following Labor Day was appointed, so employees can “start the week with Labor Day and end the week with retirement.”¹

The 4-1-1 About Your 401(k)

If your employer offers a 401(k) and you meet the eligibility requirements, you can start your 401(k) and begin making contributions from your paycheck. Before you start, you may want to make some considerations. First, what type of 401(k) are you going to contribute to: a Traditional or a Roth 401(k)? Traditional 401(k): employee contributions to a 401(k) plan are tax deferred. You pay the taxes on contributions and earnings when the savings are withdrawn. Roth 401(k): similar to the traditional plan, however, contributions by employees are not tax-deferred but are made with after-tax dollars. Income made on the account from interest, dividends, or capital gains, is tax-free. Choosing either a Traditional or Roth 401(k) heavily resides on the tax bracket you are a part of and your income.

Next, you should review how much you want to save in your 401(k). However much you decide is completely up to you, but remember, there is a maximum contribution limit set by the IRS every year. Also, it is a very good idea to meet your employer’s match… it is free money you do not want to leave on the table! As you determine this information, you will then choose how much you would like deducted; this will come straight from your paycheck.

Finally, you will want to consider what you are going to do with the money you save. A 401(k) plan will offer a range of investments, allowing you to choose what you want to invest in. Whether you are conservative or aggressive with your investments (also known as risk tolerance), choose an investment that is compatible with you and your goals.

5 Tips to Maximize Potential Out of Your 401(k)

Begin Contributions Early
- Maximize your savings by contributing as an early as possible

Utilize Matching Contributions
- Employers may match contributions up to a certain percent of your paycheck
- Essentially your employer is offering you “free” money, so take advantage of it

Avoid Early Withdrawals
- Withdrawals result in penalty fees and additional tax payments which you avoided when you began your 401(k)

Check in Regularly
- Make sure your 401(k) is taking the course you want it to take
- Make adjustments as needed

Stay Invested
- Fight the urge to liquidate

Ways to Celebrate 401(k) Day

Try using a retirement calculator. Calculate how much you will need to save for retirement, set your savings goals, and when you can expect to retire.

Review your 401(k). Take today to check on your assets. Make sure your retirement plan is turning out how you expected.

Increase your retirement plan contributions, especially if you have the funds. Receiving a bonus or a raise is a great time to increase your contributions.

Happy 401(k) Day, and best wishes for a wealthy and healthy retirement!

1 Elkins, Kathleen. “A brief history of the 401(k), which changed how Americans retire.” CNBC, NBCUniversal News Group, 5 Jan 2017, https://www. cnbc.com/2017/01/04/a-brief-history-of-the-401k-which-changed-how-americans-retire.html

Beacon Pointe Advisors are investment advisers registered with the Securities and Exchange Commission (“SEC”). Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary or investment advice. Investing involves risk including potential loss of principal.

Important Disclosure: This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal or tax advice. Only private legal counsel may recommend the application of this general information to any particular situation or prepare an instrument chosen to implement the design discussed herein. An investor should consult with their financial professional before making any investment decisions.

The post Celebrating History: National 401(k) Day appeared first on Beacon Pointe Advisors.

FA Magazine Recognizes Beacon Pointe

bpclone — Mon, 19 Aug 2024 16:00:38 +0000

It is a humbling honor to be recognized by Financial Advisor Magazine for nearly a decade as a top wealth advisory firm amongst its ranking lists of RIAs with more than $1 billion in assets under management. Below is a compilation of Beacon Pointe’s various FA Magazine year-over-year award rankings.

2024 – Beacon Pointe Advisors is excited to announce our firm has earned a spot in Financial Advisor Magazine’s annual RIA rankings of the Top Registered Investment Advisory (RIA) Firms and Top 50 Fastest Growing RIA Firms for 2024. Out of 278 leading RIA firms in the country that manage over $1bn in assets under management, Beacon Pointe Advisors has secured position 18 in the list of top RIAs by FA Magazine.

To view the 2024 Top RIA Ranking report, please click here.

2023 – Beacon Pointe Advisors is pleased to announce our firm has earned a spot in Financial Advisor Magazine’s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2023. Out of 321 leading RIA firms in the country that manage over $1bn in assets under management, Beacon Pointe Advisors has secured position 33 in the prestigious list of top RIAs by FA Magazine.

To view the 2023 Top RIA Ranking report, please click here.

2022 – Beacon Pointe Advisors is pleased to announce our firm has earned a spot in Financial Advisor Magazine’s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2022 while also earning an additional accolade by FA Magazine as one of the top six fastest-growing RIA firms in the nation.

FA Magazine determined candidate ranking by the AUM of the previous year, amongst firms filing their own ADV report to the SEC and being an independent registered investment advisor. With a 90.28% growth from 2020 to 2021 and a year-end 2021 asset report of $24bn, Beacon Pointe is honored to have been ranked #6 amongst 50 competitors and earning spot 21 in the list of 100 Top RIAs in the nation by FA Magazine.

To view the 2022 50 Fastest Growing Firms report, please click here.

To view the 2022 Top RIA Ranking report, please click here.

2021 – Beacon Pointe Advisors is pleased to announce our firm has earned a spot in Financial Advisor Magazine’s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2021.

To view the 2021 Top RIA Ranking report, please click here.

2020 – Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine‘s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2020. Beacon Pointe was ranked within the Top 50 RIA Firms in the country that include over $1bn in assets under management in FA Magazine’s annual RIA ranking.

To view FA Magazine’s 2020 Top RIA Ranking report, please click here.

2019 – Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine‘s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2019. Out of 282 leading Registered Investment Advisory Firms in the country that include over $1bn in assets under management, Beacon Pointe Advisors has secured position 45 in the prestigious list of top RIAs by FA Magazine.

To view FA Magazine’s 2019 Top RIA Ranking report, please click here.

2018 – Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine‘s nationwide ranking of the Top Registered Investment Advisory (RIA ) Firms for 2018. Out of 275 leading RIA firms in the country that include over $1bn in assets under management, Beacon Pointe Advisors has secured position 49 in the prestigious list of top RIAs by FA Magazine.

To view FA Magazine’s 2018 Top RIA Ranking report, please click here.

2017 – Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine’s nationwide ranking of the Top Registered Investment Advisory (RIA) Firms for 2017. Out of 214 Registered Investment Advisor Firms in the country that include over $1bn in assets under management, Beacon Pointe Advisors has secured position 31 in the prestigious list of top RIAs by FA Magazine.

To view FA Magazine’s 2017 Top RIA Ranking report, please click here.

2016 – Out of 205 Registered Investment Advisor Firms nationwide that include over $1bn in assets under management, Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine‘s nationwide ranking of the Top Registered Investment Advisory Firms for 2016.

To view FA Magazine’s 2016 Top RIA Ranking report, please click here.

2015 – Out of 203 Registered Investment Advisor Firms nationwide that include over $1bn in assets under management, Beacon Pointe Advisors is pleased to announce it has earned a spot in Financial Advisor Magazine‘s nationwide ranking of the Top Registered Investment Advisory Firms for 2015.

To view FA Magazine’s 2015 Top RIA Ranking report, please click here.

To view Beacon Pointe’s 2015 FA Magazine Cover Story – High Flying, please click here.

About FA Magazine

FA Magazine is a publication serving financial planners, registered investment advisors (RIAs), and independent broker-dealers. Its articles and information focus on strategies and management advice for advisors of affluent clients.

To be eligible for consideration in the Top RIA Survey & Rankings, FA Magazine requires that firms be independent registered investment advisors (RIAs) and provide financial planning and related services to individual clients, among other factors.

About Beacon Pointe

Beacon Pointe Advisors is a multi-billion-dollar registered investment adviser headquartered in Newport Beach, California, with office locations and clients located nationally. Institutional and private clients have long relied on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans through our proprietary allWEALTH® approach. Our advisors’ extensive expertise and strong commitment to our clients can be seen through numerous awards, including being recognized by Bloomberg, Forbes, Financial Advisor Magazine, CNBC, Barron’s, and more. For more information on Beacon Pointe’s wealth advisory services, please visit www.beaconpointe.com.

To view additional Beacon Pointe awards and recognitions, please click here.

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Preventative Measures for Consideration

bpclone — Sat, 17 Aug 2024 18:57:43 +0000

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On August 13th, 2024, data broker National Public Data (NPD), admitted to a potential breach of stored names, addresses, email addresses and Social Security numbers.* Media reports claim hackers may have sold personal data relating to nearly 3 billion people, including potentially everyone’s Social Security number.**

Protective Actions to Consider While Details Unfold

Freeze your credit to prevent the unauthorized opening of accounts. We are strong proponents of freezing your credit as it will prevent fraudsters from opening new accounts in your name but not impact your ability to use your existing credit cards or lines of credit. Credit freeze hurdles have also been removed so that freezing your credit is now relatively simple, free and easy to temporarily remove when needed (e.g., buying a car or taking a loan). While you need to put the freeze in place with all three credit reporting agencies, doing so should take under 30 minutes.

Freeze your credit online with Experian, TransUnion, and Equifax by:

- sharing your name, Social Security number, date of birth, address, email and mobile phone number
- creating a username and password
- confirming your identity by inputting the code sent to you by text or email when prompted
- selecting the option to freeze your account that should now be viewable on the screen

You will receive a confirmation email from all three agencies after freezing your credit. Note that with the media attention around this data breach, you may notice some traffic-related website buffering.

Review copies of your credit reports for any evidence of identity theft. You may obtain a free credit report from each of the three credit reporting agencies (Experian, TransUnion, and Equifax) through the website annualcreditreport.com. Despite the website’s name, access to your credit reports has been changed to weekly free access from each agency so there is no need to wait to check your credit if you have done so in the last year. Read through each credit report carefully. If you notice some unfamiliar accounts or credit checks not initiated by you, immediately contact all three reporting agencies and read Additional Considerations if Your Identity was Stolen/Accounts Accessed, which follows.
Verify the accuracy of your current Social Security account information online to ensure no one is using your Social Security Number to work or collect benefits. To review or create an online Social Security account go to the Social Security Administration website here. Call the Social Security Administration’s fraud hotline at 800-269-0271 if you suspect your Social Security number has been compromised and read Additional Considerations if Your Identity was Stolen/Accounts Accessed, below.
Review the Taxpayer Guide to Identity Theft, available at the IRS website here for tips to reduce the risk of tax-related identify theft. Not all data breaches or computer hacks result in tax-related identity theft. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. While not helpful for those who file an extension, filing your tax return as soon as possible in each calendar year may help prevent a fraudulent return from being filed under your Social Security number.

Additional Considerations if Your Identity was Stolen/Accounts Accessed

Contact the Federal Trade Commission (FTC) at www.identitytheft.gov and click on Report Identity Theft to access the Identity Theft Recovery Steps to be guided through each step of the recovery process, from reporting the crime to creating a personal recovery plan and putting your plan to action.
Inform your advisor of the potential identity theft. Your advisor will work with your custodian to put you in touch with the custodian’s fraud/identity theft department to take any escalated steps to protect your accounts.
Continue to review statements on all accounts as neither a fraud alert nor a credit freeze can protect the security of existing accounts. If you find any unauthorized actions, immediately report any suspicious transactions to the business where the unauthorized or suspicious activity occurred.
At least annually, verify the accuracy of your Social Security account information online to determine if you have become a victim of Social Security fraud. To review or create an online Social Security account go to the Social Security Administration website at https://www.ssa.gov/myaccount/.

*“Security Breach”, nationalpublicdata.com, (accessed 8/16/2024).

**“Massive data breach that includes Social Security numbers may be even worse than suspected”, latimes.com, (accessed 8/16/2024).

Important Disclosure: Beacon Pointe Advisors does not offer legal or tax advice. Please consult with the appropriate tax or legal professional regarding your circumstances. This information is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice. Only a tax or legal professional may recommend the application of this general information to any particular situation or prepare an instrument chosen to implement any design discussed herein. Nothing herein should be relied upon as personalized investment advice, nor should it be considered an individualized recommendation, offer or solicitation for the purchase or sale of any security or to adopt a specific investment strategy. An investor should consult with their financial professional before making any investment decisions. Beacon Pointe is not responsible for errors or omissions in the material on third-party websites and does not necessarily approve or endorse the information provided.

The post Preventative Measures for Consideration appeared first on Beacon Pointe Advisors.

Beacon ‘Pointe of View’ – A Market Update August 2024

bpclone — Thu, 08 Aug 2024 22:33:06 +0000

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The Quick Facts

Rotation and profit-taking increased volatility, with the S&P 500 up 1.2% in July and 16.7% YTD.
Growth mega-cap stocks that powered gains in the first half of the year stumbled in July.
Most S&P factor-based indices posted gains, led by Dividend and Value strategies, a sign of the market’s rotation away from Growth and Momentum.
Treasuries and all our reported Fixed Income indices (U.S. Aggregate, Muni Bond Index, Investment Grade, High Yield, etc.) posted gains in July.
The muted increase in core inflation in June strengthens the case for a September rate cut.
Federal Reserve (Fed) fund futures are now pricing in an 80% probability of at least one rate cut at the September meeting.
Markets have largely taken with calm the dramatic events in the U.S. presidential race over the month of July.

The S&P 500 posted seven new closing highs in July, resulting in 38 new highs YTD and a +1.2% return for the month. However, the Growth mega-cap stocks that powered gains in the first half of the year stumbled in July. In fact, the market witnessed a significant rotation toward Value and smaller-cap stocks in July due to positive economic data and a strong expectation of the first Fed interest rate cut coming at the September meeting. As for the Magnificent 7, Apple and Tesla added 0.6% to the index, while Microsoft, Nvidia, Alphabet, Meta, and Amazon reduced it by 1.3%. The July 1.2% S&P 500 total return would have been 1.9% without the seven. Year-to-date, the S&P 500 total return of 16.7% would have been 8.3%, according to data compiled by S&P Dow Jones indices.

Real Estate (+7.2%), Utilities (+6.8%), and Financials (+6.4%) led among sectors, while Technology (-3.3%) and Communication Services (+0.2%) were the laggards. Most S&P factor-based indices posted gains, led by Dividend and Value strategies, a sign of the market’s rotation away from Growth and Momentum, which remain the leaders YTD.

July Asset Class Performance

As of July 31, 2024. Source: Bloomberg, Beacon Pointe.

Value significantly outperformed Growth, with the Russell 1000 Growth down 1.7% in July (+18.6% YTD) vs. +5.1% for the Russell 1000 Value (+12.1% YTD). Over the last three years, the total return of the Large-cap Value index has lagged the total return of the Large-cap Growth Index by 8.7%. The Russell 2000 Index – the world’s most closely followed gauge of smaller companies – was up as much as 10.2% in July and up 12.1% YTD. The ESG segment of the market, as measured by the MSCI USA ESG Select Index, was up 2.3% in July, 1.1% more than the S&P 500. Over the last three years, the ESG index is up 22.6% and 9.0% behind the S&P 500 on a total return basis. Emerging markets equities underperformed in July, with a +0.3% total return. They continue to lag U.S. equity returns YTD (+7.8%), over the last 12 months (+6.3%), and over the last 3 years (-8.0%). The EAFE (Europe, Australasia, and the Far East) equity index recovered from election uncertainty. The index was up 3.0% in July and is now up 8.9% YTD, behind the U.S. but ahead of Emerging Market returns for equities.

The muted increase in core inflation in June strengthens the case for a September rate cut. The June Consumer Price Index (CPI) published on July 11 decreased by 0.1% (the first decline in four years), when it was expected to increase by 0.1%. Core CPI was up 0.1% (+0.2% in May), as the year-over-year rate reached 3.3% from the prior month’s 3.4%. The first report on 2Q 2024 GDP posted a 2.8% year-over-year increase (vs. 2.0% expected), an acceleration from the 1Q 2024 rate of 1.4%.

At the Federal Open Market Committee (FOMC) July 31 meeting, Fed Chair Powell said a rate cut could come as soon as September after the Committee voted to leave its benchmark rate unchanged. Fed officials made several adjustments to their language in the statement released after their meeting, signaling they were closer to reducing Fed funds. The Committee notably shifted to saying it was “attentive to the risks to both sides of its dual mandate” rather than prior wording singling out inflation risks. Fed officials also adjusted their assessment of the labor market, noting the unemployment rate had moved up and job gains had moderated. Fed fund futures are now pricing in an 80% probability of at least one rate cut at the September FOMC meeting.

Treasuries extended gains in July. The 10-year U.S. Treasury closed July at 4.03% vs. 4.40% at the end of June, 3.88% at the end of December 2023, and from a peak of 5.0% in October 2023. Shorter-term 2-year U.S. Treasury closed 50 basis points lower on the month at 4.26% vs. 4.25% at the end of 2023. The 2y x 10y yield curve remains inverted by 23 basis points at the end of July. The U.S. Aggregate bond index was up 2.3% in July, bringing the YTD return to 1.6%. The Municipal Bond Index was up 0.9% in July and is now in the green YTD (+0.5%).

Days after miraculously surviving an assassination attempt, Donald Trump became the official Republican candidate for president at the Republican convention on July 15. On July 21, President Joe Biden withdrew from running for re-election and endorsed his vice president, Kamala Harris, to be the Democratic candidate. Markets have largely taken these dramatic events in stride, but a close race now appears to be back on the table, with polls showing Harris and Trump neck-and-neck. Bear in mind that elections are mostly irrelevant when investing for the long-term other than exacerbating short-term volatility.

Gold prices were up strongly in July (+5.2%), closing at $2,448 per ounce and up +18.6 YTD. Oil futures, as measured by the WTI Crude il $/bbl, were down 4.5% in July to $78 bbl. The U.S. Dollar Index, which indicates the general international value of the U.S. Dollar, weakened by 1.7% in July, bringing the YTD gain to 2.7%. Bitcoin’s value increased by 4.3% in July (+51.9% YTD). Ethereum, on the other end, was down 5.7% in July (+41.1 YTD) despite the new listing of spot Ethereum ETF products.

The CBOE Volatility Index (“VIX”) saw a spike in July. The VIX closed at 16.4, trading as high as 19.4 compared to the post-GFC average of 18.5. A low VIX can be a sign of complacency in the stock market.

Chart of the Month – Consumer Loan and Credit Card Delinquency Rates, %

Consumer loan and credit card delinquency rates are key indicators of financial health for both consumers and the broader economy. Monitoring these rates helps in understanding the broader economic environment and making informed financial decisions.

Delinquency in consumer loans refers to the percentage of borrowers who are behind on their loan payments. This includes various types of loans such as auto, personal, and student loans. High delinquency rates can indicate financial distress among consumers, which might lead to tighter credit conditions and higher borrowing costs. For lenders, increased delinquencies can signal higher risk and potentially impact their profitability.

Delinquency on credit cards refers to the percentage of credit card accounts that are overdue on their minimum payments. This typically includes accounts that are 30 days or more past due. High delinquency rates can affect a lender’s profitability and may lead to increased interest rates or tighter credit limits for borrowers. For consumers, it could mean higher interest rates and fees, and potentially negative impacts on credit scores.

Delinquency rates for consumer loans and credit cards have been relatively stable in recent years but are now rising in response to economic conditions, such as higher interest rates, inflation, and changes in the labor market.

According to data from the Fed, the share of credit card balances that are past due recently reached the highest level since 2012. The U.S. consumer is showing some signs of stress.

As of June 30, 2024, Source: Bloomberg, Beacon Pointe.

Quote of the Month

“It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.” – Henry Ford

Major Asset Class Dashboard

As of July 31, 2024. Source: Bloomberg, Beacon Pointe.

Beacon ‘Pointe of View’ – A Market Update July 2024

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Beacon ‘Pointe of View’ – A Market Update July 2024

bpclone — Mon, 08 Jul 2024 18:59:58 +0000

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The Quick Facts

Powered by mega-cap outperformance, U.S. large-cap equities led the world with the S&P 500 up 3.6% in June, 4.6% quarter-to-date (QTD), and 15.3% year-to-date (YTD).
The S&P 500 recorded 31 all-time highs in 1H 2024.
The equal-weight version of the S&P 500 trailed the market cap-weighted one by 10.3% YTD.
Growth significantly outperformed value yet again, with the Russell 1000 Growth up 6.7% in June (+20.7% YTD) vs. -0.9% for the Russell 1000 Value (+6.6% YTD).
Technology and Consumer Discretionary were the top-performing sectors in June, up 7.8% and 3.9%, respectively. YTD, all sectors are up (with Communication Services leading at +18.5%) except for Real Estate, down -2.5%.
Federal Reserve (Fed) fund futures have now priced in a two-third probability of at least one rate cut at the September meeting.

Powered by mega-cap outperformance, U.S. large-cap equities broke new all-time highs, with the S&P 500 up 3.6% in June and 15.3% YTD. According to data compiled by Bloomberg, the S&P 500 has notched 31 all-time closing highs in the first half of 2024. Only one other year – 2021 – surpassed it this century. Small caps did not perform as well as their large-cap peers, with the Russell 2000 index down 0.9% for June and up a meager 1.7% YTD.

Thanks to AI-related optimism, markets are dismissing inflation concerns and uncertainty over the timing of potential Fed rate cuts. For instance, AI chipmaker Nvidia contributed the most to the S&P 500’s rally, with a 150% total return in 1H 2024. The equal-weight version of the S&P 500, which makes no distinction between the market capitalization of the 500 companies in the index, has trailed the market-cap weighted version by 10.3% YTD. That is the widest ever underperformance in the first six months of the year.

Markets continue to have no problem with higher for longer rates, geopolitical issues, and the pending U.S. election. Are higher long-term interest rates putting pressure on earnings? We will get some answers in the coming weeks as the second-quarter earnings season is approaching, with bullish expectations priced in.

June Asset Class Performance

As of June 30, 2024. Source: Bloomberg, Beacon Pointe.

Growth significantly outperformed value yet again, with the Russell 1000 Growth up 6.7% in June (+20.7% YTD) vs. -0.9% for the Russell 1000 Value (+6.6% YTD). Over the last three years, the total return of the Large-cap Value index has lagged the total return of the Large-cap Growth Index by 20.4%. The Russell 2000 Index – the world’s most closely followed gauge of smaller companies – was down 0.9% in June and up 1.7% YTD, reflecting the vulnerability of small companies to higher interest rates. The ESG segment of the market, as measured by the MSCI USA ESG Select Index, was up 3.1% in June, 0.5% less than the S&P 500. Over the last three years, the ESG index is up 23.2% and 9.8% behind the S&P 500 on a total return basis. Emerging markets equities outperformed in June, with a +3.9% total return. They remain behind U.S. equity returns YTD (+7.5%), over the last 12 months (+12.4%), and over the last 3 years (-14.4%). The EAFE (Europe, Australasia, and the Far East) equity index was dragged down in June by French stocks taking a beating on election worries. The index was down 1.6% in June and is now up just 5.8% YTD, behind U.S. and emerging market returns for equities.

Technology and Consumer Discretionary were the top-performing sectors in June, up 7.8% and 3.9%, respectively. YTD, all sectors are up (with Communication Services leading at +18.5%) except for one. Real Estate is the only sector with losses in 2024 (-2.5% YTD), posting its worst first half ever relative to the broad index since it was created in the late 1990s, data compiled by Bloomberg show. High interest rates, coupled with the work-from-home shift that has reshaped the office market, have hurt the sector.

Even with signs of the U.S. economy cooling, the rally is benefiting from a Fed that is now expected to trim rates after the most aggressive tightening campaign in decades. A strong first half in markets has historically boded well for the rest of the year. However, the run-up to the U.S. presidential election in November and uncertainty about the path of interest-rate cuts could lead to more volatility in the second half.

Solid job growth and consumer spending continue to be key supports to the U.S. economy. The core Personal Consumption Expenditures (PCE) price index – the Fed’s preferred inflation gauge – published at the end of June was up 0.1% m/m in May and up 2.6% y/y. Higher for longer remains the interest rate narrative to reflect the Fed’s position in 2024. The next Fed move continues to likely be a cut, but not before the September 18 meeting. Fed fund futures are now pricing in a two-third probability of at least one rate cut at the September Federal Open Market Committee (FOMC) meeting, with another hold (92% change) at the July 31 meeting. Treasuries extended gains in June as core PCE inflation was below estimates. The 10-year U.S. Treasury closed June at 4.40% vs. 4.50% at the end of April, 3.88% at the end of December 2023, and from a peak of 5.0% in October 2023. Shorter-term 2-year U.S. Treasury closed 12 basis points lower on the month at 4.75% vs. 4.25% at the end of 2023. The 2y x 10y yield curve remains inverted by 36 basis points at the end of June. The U.S. Aggregate bond index was up 0.9% in June, bringing the YTD return to -0.7%. The Municipal Bond Index was up 1.5% in June but remains in the red YTD (-0.4%).

Gold prices showed significant volatility in June, trading within a range of approximately $2,285 to $2,450 per ounce but closing flat m/m (+12.8% YTD). Oil futures, as measured by the WTI Crude il $/bbl., were up 5.9% in June to $82 bbl. The U.S. Dollar Index, which indicates the general international value of the U.S. Dollar, strengthened by 1.1% in June, bringing the YTD gain to 4.5%. Selling pressure weighed on Bitcoin and crypto markets more broadly during June. Bitcoin’s value declined by 8.5% in June but is up 45.6% YTD. Ethereum followed the trend with -9.9% in June (+49.7% YTD). More progress was made toward the potential listing of spot Ethereum ETF products.

Interest rate volatility has been constant since the Fed began its rate-hiking cycle in 2022. Bond investors closely watch the ICE BofA MOVE (“MOVE”) Index, which measures bond market volatility. The MOVE was relatively unchanged in June, after a spike to 120 in April and from an 86 low at the end of March, indicating a more certain rate environment. The CBOE Volatility Index (“VIX”) remained extremely low throughout the month of June, trading in a narrow range between 11.5 and 13.5, compared to the post-GFC average of 18.5. A low VIX can be a sign of complacency in the stock market.

Chart of the Month – Ratio of Interest Costs to Tax Receipts

The ratio of interest cost to tax receipts is a financial metric used to assess the burden of interest payments on a government’s fiscal resources. It is calculated by dividing the government’s interest payments on public debt by its total tax receipts (revenue) and is usually expressed as a percentage. This ratio provides insight into how much of the government’s tax revenue is being consumed by interest payments, which can impact its ability to fund other essential services and investments.

A low ratio indicates that a smaller portion of tax revenue is being used to service debt, suggesting more fiscal accommodation for other expenditures and investments. A high ratio suggests a significant portion of tax revenue is being used for interest payments, which can limit fiscal flexibility and the government’s ability to respond to economic challenges.

By keeping this ratio in check, governments can maintain fiscal degrees of freedom, ensuring they have the capacity to fund essential services and invest in economic development. When a significant portion of tax revenues is allocated to interest payments, it limits the government’s flexibility to fund other priorities, which can have long-term economic implications.

Interest costs have risen above the “14% threshold,” thought to be significant for policy shifts from stimulus to austerity. The next President and Congress may be forced to deal with the debt. The last time Congress and the President were “forced” to consider austerity was in the nineties.

Source: Bloomberg, Beacon Pointe.

Quote of the Month

“A government debt is a government claim against personal income and private property – an unpaid tax bill.” – Hans F. Sennholz, German-American economist

Major Asset Class Dashboard

As of June 30, 2024. Source: Bloomberg, Beacon Pointe.

Macro & Markets: An Update from Beacon Pointe CIO – August 13, 2024 @ 11am PT / 2pm ET

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Worth Magazine Honors Beacon Pointe Advisors

bpclone — Mon, 24 Jun 2024 22:00:32 +0000

In an era marked by rapid changes in the financial and technology landscapes, Worth Magazine (“Worth”) recognizes the critical need for forward-thinking financial planning for the affluent and has relaunched the Leading Advisors Program for 2024 and years to come. The Leading Advisor program uses a rigorous selection process to identify the best-registered investment advisors (RIA), including AUM of over $500 million, the predominance of high-net-worth clients, and unbiased advice independent from broker-dealers.

Beacon Pointe Advisors is honored to be recognized by Worth, below is a list of various awards and magazine features:

2024 – Out of 41,000 leading RIAs and financial advisors, Beacon Pointe is honored and humbled to be included in Worth’s list of the nation’s leading advisors. The core value of the Leading Advisor Program to the readers of Worth Magazine lies in its rigorous selection process and the credibility it bestows upon each listed advisor.

To view the complete list of the Worth Magazine Leading Advisor Program, click here.

2020 – Shannon Eusey, founder and CEO of Beacon Pointe Advisors has been named to Worth’s 2020 Groundbreakers List of the ‘50 Women Changing the World.’ This is the second annual ranking produced by Worth Magazine, in which 50 women who are considered changemakers and leaders across a wide variety of industries from finance to aeronautics to art history are recognized. The listing focuses not only on women with high financial power but those who have elicited change in ways that shift the conversation around gender equality in the workplace.

To view the complete list of Worth’s 50 Women Changing the World in 2020, click here.

Beacon Pointe CEO, Shannon Eusey, had the opportunity to sit down with Worth Magazine in 2019 to talk about her recipe for success that originally started as a business school class project. Shannon sheds light on the critical elements that have played a role in Beacon Pointe’s road to becoming a powerhouse firm in the RIA industry. Worth’s piece touches on everything from Beacon Pointe’s commitment to culture to the development of their Women’s Advisory Institute and how the RIA industry has evolved since Shannon began the firm in 2002.

To read the full article on the Worth Magazine website, click here.

To read the full article on Yahoo Finance, click here.

If you could benefit from a conversation with our advisory team, we would be happy to provide a complimentary consultation.

About Worth Magazine (“Worth”)

Worth is a leading international media platform that fosters a community valuing more than just wealth – aiming to motivate and enlighten a group of successful and influential individuals, encouraging them to excel and make meaningful contributions globally. Worth’s offerings include a wide array of event programming and multimedia content across several platforms including, online gatherings, in-depth articles, analytical reports, collaborative content, as well as podcasts, videos, summits, and exclusive dinners, all designed to serve their core communities effectively.

About Beacon Pointe

Important Disclosure: Third-party awards, rankings, and recognitions are no guarantee of future investment success. These ratings should not be construed as an endorsement of the advisor by any client or prospective client, nor are they representative of any one client’s experience because the rating reflects an average of all, or a sample of all, of the experiences of the adviser’s clients. Registration as an investment advisor does not imply a certain level of training or skill. Beacon Pointe Advisors did not pay to participate in any award or survey. This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal, or tax advice. An investor should consult with their financial professional before making any investment decisions. For additional information about industry awards and rankings please see Important Disclosures.

The post Worth Magazine Honors Beacon Pointe Advisors appeared first on Beacon Pointe Advisors.

AdvisorHub Awards Beacon Pointe

bpclone — Mon, 24 Jun 2024 08:00:11 +0000

We are thrilled to announce Beacon Pointe Advisors has garnered recognition in AdvisorHub’s prestigious annual rankings. With each office we open and the professional team members we bring aboard, we meticulously assess the cultural alignment as a fundamental component of success, ensuring seamless integration into our entrepreneurial ethos and unwavering commitment to a client-first approach, facilitated by our proprietary allWEALTH® process to serve clients.

Below are Beacon Pointe’s various year-over-year AdvisorHub recognitions:

2024 – Out of 1,000 talented wealth advisors, we are proud to announce that senior wealth advisor, Karen Reifel, CFP® was included in the ‘200 RIAs to Watch’ category ranking, securing the Top 14 position in the 2024 AdvisorHub ‘Advisors to Watch’ awards. With this year’s ranking including 100 more wealth advisors in the category talent pool than last year, we commend Karen Reifel, CFP® for proudly representing Beacon Pointe Advisors and for her client service excellence. Notably, AdvisorHub also highlighted Karen for her dedication to financial literacy, with her efforts backing the Amazon best-selling book, Your Dollars, Our Sense: A Simple Guide to Money Matters, and co-hosting the Beacon Pointe podcast, Your Dollars, Our Sense.

In the 2024 released rankings, AdvisorHub received nominations from 339 firms, with nominees required to have a minimum of seven years of experience, a $150m AUM minimum, and a clean regulatory record. Additionally, advisors were ranked on the 1) size and makeup of their practice; 2) year-over-year growth; 3) and professionalism. The trends driving advisors’ success this year were noted by AdvisorHub as teamwork, systemization, and AI usage, advisor plus models, and values (not ESG) – however, the publication also highlights that it is hard work and diligence that create the habits that drive the results and create the success.

Karen’s alignment with our Beacon Pointe mission to provide comprehensive, client-focused wisdom marks her as a vital asset to our team and this recognition is a testament to her outstanding efforts to strengthen individuals and her clients with the knowledge to achieve financial autonomy.

To view the full list of the ‘Top 200 RIAs’, click here.

To read more about Karen Reifel, CFP®, click here.

2023 – In the 2023 edition of ‘100 RIAs To Watch,’ we are honored to share that wealth advisor LeEric Daye out of our Beacon Pointe Boston office was featured as one of the top 100 advisors that are growing in the industry.

The advisors are ranked based on three criteria: scale, growth, and professionalism. The second annual ranking shines a light on advisors who have maintained consistent growth through market uncertainty. LeEric has spent over two decades helping high-net-worth individuals and families navigate complex financial planning matters including investment management, tax planning, retirement income distribution strategies, cash flow management, estate planning, and charitable giving. As a passionate advisor helping clients align their wealth with their values, LeEric specializes in Environmental, Social, and Governance (ESG) investing, known as Values-Based Investing at Beacon Pointe, which has accounted for his rapid growth since joining the firm. He helps high-net-worth individuals and families navigate complex financial planning matters to create a comprehensive roadmap to achieving their financial goals.

We are proud of LeEric and his commitment to making a positive difference in the lives of his clients and the environment.

To view the full list of the ‘100 RIAs to Watch, click here.

To read more about LeEric Daye, click here.

To download Beacon Pointe’s Guide to Values-Based Investing, click here.

2022 – The AdvisorHub ‘Firms to Watch’ rankings are in, and we are humbled to share that Beacon Pointe Advisors was featured as one of the top four RIA firms to watch in 2022. The final selection was due in part to Beacon Pointe’s tremendous acquisition growth in 2021, completing 14 RIAs acquisitions, and simultaneously holding a strong commitment to our company culture and values.

Embracing a strong client-first committed approach, and the value-added services we offer such as our Women’s Advisory Institute. Shannon Eusey, Beacon Pointe Chief Executive Officer, shares with AdvisorHub, “We felt it was our calling and our obligation to educate, engage, and empower women.”

In addition to Beacon Pointe’s firmwide recognition as a ‘Firm to Watch,’ Beacon Pointe Scottsdale wealth advisor, Eric Newby, CFP®, was included as a Top 50 Solo Advisor by AdvisorHub. The solo advisor rankings were determined by both scale and growth; function of assets, production, and quality of service; and year-over-year change in assets, clients, and production.

To learn more about Beacon Pointe’s Women’s Advisory Institute, click here.

To view the E-edition of the AdvisorHub September issue, please click here.

To read more about Eric Newby, CFP®, click here.

To see our feature story on AdvisorHub’s website as one of the four RIA Firms to Watch, please click here.

If you could benefit from a conversation with our advisory team, we would be happy to provide a complimentary consultation.

About AdvisorHub

As a financial advisor voice and advocator, AdvisorHub provides insight into breaking news, relevant products and services, significant compensation data, and a safe place to share growth strategies and best practices. The publication expands on traditional trade industry coverage and investigates journalism while providing sophisticated commentary on the wealth management industry.

For more information about AdvisorHub, please click here.

About Beacon Pointe

To view additional Beacon Pointe awards and recognitions, please click here.

Important Disclosure: Third-party awards, rankings, and recognitions are no guarantee of future investment success. These ratings should not be construed as an endorsement of the advisor by any client or prospective client, nor are they representative of any one client’s experience because the rating reflects an average of all, or a sample of all, of the experiences of the adviser’s clients. Registration as an investment advisor does not imply a certain level of training or skill. Beacon Pointe Advisors did not pay to participate in any award or survey. This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal, or tax advice. ‘Your Dollars, Our Sense’ was authored by the women of Beacon Pointe Advisors. Rating provided by Amazon Book Services in 2017. Best Seller Publishing was compensated by Beacon Pointe for facilitating the book publication and ranking process by Amazon Book Services. An investor should consult with their financial professional before making any investment decisions. For additional information about industry awards and rankings please see Important Disclosures.

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