Allied Beacon Wealth Management, LLC (Richmond)


Allied Beacon Wealth Management, LLC is a multi-state adviser based in Richmond. It manages $61.36 million of regulatory assets for 523 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Colorado, Connecticut, and 21 other states.

Allied Beacon Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Allied Beacon Wealth Management: assets under management

The assets under management (AUM) of Allied Beacon Wealth Management, LLC is $61.36 million. The firm's AUM has grown by 1225% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.02 million in discretionary accounts and $20.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $104.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $157.7 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allied Beacon Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

Careers at Allied Beacon Wealth Management, LLC

Robert Philip Mather has been acting as President since 1 Feb 2011. Albert Akerman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Harvey Seward Martin Chief operating officer & chief compliance officer 1 Aug 2005 Other 1001534
Inc. Beacon Acquisition Partners Owner 1 Feb 2011 75% - 100% 85-8522188
Robert Philip Mather Chairman 1 Feb 2011 Other 1764918
Christopher Charles Pollina Vice president 1 May 2011 Other 2552092
Roger Farrell Leibowitz Chief financial officer 1 Nov 2011 Other 2536523
Albert Akerman Chief compliance officer 1 Sep 2013 Other 1699114
Craig Michael Gould President 1 Sep 2013 Other 2367293
Llc Prime United Holdings Holding company 1 Sep 2013 75% - 100% 45-3719544

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Eli Verschleiser Member 1 Aug 2004 75% - 100% 6006914
Llc Winter Investors Member 1 Mar 2011 75% - 100% 36-4688613
Jacob Abraham Frydman Manager 1 Oct 2011 Other 1104535
Llc Eve Member 1 Oct 2011 50% - 75% 37-1546523
Llc Summer Investors Member 1 Oct 2011 50% - 75% 27-5782560

Based in Richmond

The principal office where Allied Beacon Wealth Management, LLC performs its advisory services is located at 1100 Boulders Parkway, Richmond, VA 23225, which is also the mailing address of the firm. An additional office of the firm is in Madison, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-521-7615 or by fax 804-560-4466. The normal business hours are 9:00-5:00 et on Monday - Friday. You can find more information about the New York firm at alliedbeacon.net/abpwealthmanagement.html.