Welcome to Beacon’s monthly newsletter, focused on keeping you up to speed with the latest insights, updates and resources.
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September flew by with a ton of great events packed into the month. We hosted our inaugural regional growth seminars in Newport Beach and Philadelphia. We had a great time talking with advisors about current market trends, connecting with next generation clients, and a deep dive on our Beacon strategies.
Our travels continue in October. Check out our events below to see where we can connect in person!
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Warm Regards,
Emily Damman
President, Beacon Capital Management
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Connect with us in-person at one of these upcoming events:
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- 10/9 – 10/10: Packerland National Conference, Green Bay, WI
- Advisor Panel – Secrets to Success: Insights & Strategies from your Packerland Peers
- 10/14 – 10/16: Axtella Vision 2024, Detroit, MI
- Presentation: Solving Your Clients Number One Question – Am I going to be okay?
- 10/20 – 10/23: IFG Practice Management Exchange, Palm Springs, CA
- 10/20 – 10/23: Cambridge RPM, Nashville, TN
- Presentation: Finding Sustainable Legacy with Next-Gen Clients
- 10/27 – 10/30: Osaic ConnectED, Orlando, FL
- Presentation: Critical Client Conversations
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Check out this upcoming webinar featuring Christina Viglietta, COO at Bento Engine.
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Leading with Advice during “Moments That Matter”
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Thursday, October 17
2:00 PM EST
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September has been a strong month for the stock market, driven by investor optimism and resilience. Despite a dramatic $280 billion loss in market value for NVIDIA—marking the largest single-day loss in history—the overall market rebounded, with major indices reaching new highs. Chinese markets also had their best week since 2008, fueled by significant policy stimulus. Tame inflation figures and a decline in Treasury yields further supported market momentum, although concerns about stretched valuations remain.
In mid-September, the Federal Reserve cut short-term interest rates by 50 basis points, marking the first reduction in four years, which helped propel stocks to record highs. Meanwhile, the Real Estate sector thrived, particularly with commercial Real Estate Investment Trusts (REITs), benefiting from lower financing costs. Conversely, the Energy sector faced challenges, declining nearly 14% due to falling oil prices and weak demand.
Explore the full insights and our outlook for what lies ahead.
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Schwab Transition Update: Advisors Must Review Accounts as Grace Period Ends
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As we mark one year since the transition from TD Ameritrade to Charles Schwab, it’s crucial for advisors to emphasize the importance of reviewing client accounts. Schwab now expects all clients to have thoroughly checked their accounts to ensure everything transferred correctly. Any discrepancies noticed after this period will require clients to submit paperwork to rectify the issues, as Schwab will not make exceptions for transition mismatches. Advisors should act promptly to encourage clients to review their accounts before the grace period concludes.
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Reporting is at your fingertips. Unlock insights with this month’s featured Orion query.
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Query ID: 7488
Title: RMD Calculation–Rep Query
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The Result: Provides detailed information on clients eligible for RMDs, including the current year’s RMD amount, year-to-date distributions, and remaining RMD balance.
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Mastering Practice Management
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Optimizing Your CRM for Firm Growth
Start systematizing your business through your Client Relationship Manager (CRM) by first creating written guidelines for key processes within your practice. Assign team members ownership of a process linked to their area of responsibility and ask them to write the tasks needed to complete that process. For example, ask your Client Service Associate to write down everything they do to prepare for a client review. Once you have agreed upon the process, translate it into a workflow using the tools provided in your CRM.
Building out Standard Operating Processes (SOPs) and using your CRM as the operational hub of your business can help ensure that everything gets done and nothing falls through the cracks, ultimately providing the client with a repeatable, consistent, and polished experience. Reach out to your Beacon representative if you are interested in attending a workshop on this topic.
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Welcome to Renee Hardman!
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Join us in welcoming our newest team member, Renee Hardman! Renee is joining us as Regional Vice President covering North Carolina, South Carolina, Georgia, Tennessee, and Northern Alabama. For the last 10 years, Renee has served as a financial advisor and is currently studying for her CFP designation at the University of Georgia. Outside of work, Renee is an avid equestrian and has spent most of her life riding and competing.
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FOR ADVISOR USE ONLY. NOT INTENDED FOR CONSUMER SOLICITATION PURPOSES.
Christina Viglietta is not an employee of Beacon Capital Management. The opinions and ideas expressed by her are her own and not necessarily those of Beacon Capital Management or its affiliates. Beacon does not endorse these opinions and ideas nor does the company or its advisors give tax advice.
Beacon Capital Management, Inc. is a registered investment adviser. Information presented herein is for educational purposes only. Beacon Capital Management does not provide tax advice, and strongly urges that retail investors consult with their tax professionals regarding any potential investment.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including Beacon Capital ManagementSM.
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P: 866.439.9093 | F: 937.424.4825
BeaconInvesting.com
E ContactUs@BeaconInvesting.com
7777 Washington Village Dr., Suite 280
Centerville, OH 45459
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