Beacon Global Advisor Network, LLC (Atlanta)

Name: Beacon Global Advisor Network, LLC
Address: One Glenlake Parkway, Atlanta, GA, 30328
Telephone: 770-713-9001

Beacon Global Advisor Network, LLC is a large advisory firm based in Atlanta. It manages $228.71 million of regulatory assets for 696 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Beacon Global Advisor Network provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Beacon Global Advisor Network: assets under management

The assets under management (AUM) of Beacon Global Advisor Network, LLC is $228.71 million. The firm's AUM has grown by 72% since the beginning of its operation, and $188.11 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $121.36 million in discretionary accounts and $107.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $494.71 thousand.

Beacon Global Advisor Network has custody of $126.03 million in cash and securities for 217 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beacon Global Advisor Network, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beacon Global Advisor Network serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Beacon Global Advisor Network is individuals with 300 clients and $158.35 million of assets under management. Among the 9 most similar advisory firms, Beacon Global Advisor Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $228.71 million for 336 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 Global Advisor Network doesn't advise any private funds.

Careers at Beacon Global Advisor Network, LLC

The company employs 38 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Benjamin Gruber	Member, chief compliance officer	1 Apr 2017	Other	1351241
Randy Yale Landsman	Member	1 Apr 2017	25% - 50%	1901787
Robert Rigby Hall	Member	1 Apr 2017	25% - 50%	6644290

Based in Atlanta

The principal office where Beacon Global Advisor Network, LLC performs its advisory services is located at One Glenlake Parkway, Atlanta, GA 30328, which is also the mailing address of the firm. An additional office of the firm is in Fort Myers, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-713-9001 or by fax 770-252-0117. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at bganetwork.com/.