Beacon Financial Partners

What Beacon Financial Partners does

Beacon Financial Partners is an independent, privately held wealth management firm founded in 2006 and headquartered in Cleveland, Ohio. The firm operates through Beacon Financial Advisory, LLC and Capital Analysts (both Registered Investment Advisers) for advisory services, and through Lincoln Investment (a FINRA-registered broker/dealer) for securities transactions. Beacon serves 2,000+ client households across Ohio and the broader U.S. (excluding non-U.S. clients) using a staff of 12 full-time advisors and 25 total employees. Its client base is heavily weighted toward pre-retirees, post-retirees, business owners, corporate executives, and healthcare professionals (including a notable concentration of Cleveland Clinic employees).

The firm's core offerings span financial plan creation and ongoing servicing, investment advice and account management, retirement income and distribution strategies, tax-efficient investing, insurance review (life, disability, long-term care), employer retirement plan management, and family wealth/estate planning. It differentiates through a fiduciary standard, an open-architecture investment approach with access to thousands of mutual funds, ETFs, and alternative investments, and a proprietary retirement income methodology called RetireWise™. The firm runs a four-step process — Learn, Plan, Implement, Partner — and delivers services entirely through direct advisor-client relationships. It has no proprietary technology platform; instead, it relies on third-party platforms including Advyzon (primary client portal), E-Money (financial planning), and custodians Fidelity and Charles Schwab.

Beacon's business model is built on recurring advisory fees (tied to assets under management) plus transaction-based commissions on securities products routed through Lincoln Investment. Revenue is not publicly disclosed. Growth has been organic and measured: the firm has tripled in size since 2006 while maintaining a boutique, locally rooted feel. Go-to-market is relationship-led, relying on complimentary consultations, educational seminars, community involvement (Beacon Gives Back), and advisor referrals rather than digital marketing campaigns. The firm has no subsidiaries, no funding rounds, no acquisitions, and no disclosed expansion beyond the single Cleveland office.

Name

Beacon Financial Partners

Legal name

Beacon Financial Partners LLC

Website

https://beaconplanners.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Beacon Financial Partners is an independent Cleveland-based Registered Investment Adviser founded in 2006 that serves 2,000+ client households through 12 advisors, offering financial planning, investment management, retirement income, tax, and estate services on a fiduciary basis.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Financial Planning–Led RIAs (FSAAACAB)

akta.pro secondary industries

Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE), Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)

Keywords

• Wealth management services
• Financial planning
• Retirement planning
• Investment advisory
• Estate planning

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Advisory Fees: Beacon operates as a registered investment adviser offering fiduciary financial advice. Advisory services are provided through Beacon Financial Advisory, LLC and Capital Analysts, with securities offered through Lincoln Investment, Broker/Dealer. Revenue is generated through advisory fees, likely charged as a percentage of assets under management, combined with transaction-based commissions through affiliated broker/dealer relationships.
2. Securities Transactions: Securities are offered through Lincoln Investment, a registered broker/dealer and member of FINRA/SIPC. The firm can receive commissions on securities transactions, mutual funds, and insurance products.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Beacon Financial Partners is an independent, fiduciary wealth management firm offering financial planning, investment advisory, retirement income and distribution strategies, tax-efficient investing, insurance review, employer retirement plan management, family wealth planning, and business consulting services. The firm delivers these through a four-step methodology (Learn, Plan, Implement, Partner) and its proprietary RetireWise™ retirement income process, serving 2,000+ client households from a single Cleveland, Ohio office via 12 full-time advisors.

Product overview

Beacon Financial Partners is a comprehensive wealth management firm offering a unified suite of financial advisory services organized around The Beacon Process methodology (Learn, Plan, Implement, Partner). The core offerings include Financial Plan Creation and Ongoing Servicing, Investment Advice and Investment Account Management, Retirement Income and Distribution Strategies, Tax-Efficient Investing, Insurance Review, and Employer Retirement Plan Management. Additional specialized services include Wealth Planning and Investment Services, Tax Reduction Planning, Family Wealth Planning, Consulting Services for Businesses, and Personalized Attention. The firm also offers its proprietary RetireWise retirement income generation process. Services are delivered through a network of 12 financial advisors using an open architecture approach with access to thousands of mutual funds, ETFs, and alternative investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Plan Creation and Ongoing Servicing Comprehensive financial planning service that develops personalized financial plans and provides ongoing servicing to review and update plans as client circumstances change. Delivered to individuals and households through dedicated advisors.
• Investment Advice and Investment Account Management Professional investment advisory services including portfolio management, asset allocation, and ongoing investment account management tailored to client risk tolerance and objectives, using an open architecture approach with access to thousands of mutual funds, ETFs, and alternative investments.
• Retirement Income and Distribution Strategies Planning services focused on generating retirement income through strategies including IRA distributions, 401(k), 403(b), 457 plans, pension accounts, and social security optimization for pre-retirees and retirees.
• RetireWise™ Retirement Income Generation Process Proprietary retirement income generation process developed by Managing Partner Gregory Randall to help pre and post retirees generate their paycheck in retirement. Used as a differentiated advisory framework for retirement income planning.
• Tax-Efficient Investing Investment approach designed to minimize tax liabilities through tax-advantaged investments, tax-loss harvesting, and strategic asset location strategies for clients across account types.
• Insurance Review (Life, Disability, Long Term Care) Comprehensive review of insurance coverage including life insurance, disability insurance, and long-term care insurance to ensure adequate protection aligned with the overall financial plan.
• Employer Retirement Plan Management Consultation and management services for employer-sponsored retirement plans including 401(k) plan consultation, retirement plan guidance, and business exit planning for employer clients and their employees.
• Wealth Planning and Investment Services Comprehensive wealth management combining frequent portfolio reviews, personalized portfolio development, ongoing investment monitoring, and recommendations for employer retirement plan investments.
• Tax Reduction Planning Tax planning service including comprehensive tax return review, tax-advantaged investment strategies, quarterly tax situation reviews, and coordination with clients' tax preparers.
• Family Wealth Planning Estate and legacy planning services including estate plan analysis, beneficiary designation reviews, trust assistance, insurance needs analysis, and family legacy education sessions.
• Consulting Services for Businesses Business-focused services including employer 401(k) plan consultation, proactive tax strategies, retirement plan guidance, exit planning, and corporate structure advice for business owners and corporate executives.

Quantifiable outcome

• Tripled in size since 2006 while maintaining boutique, personal feel
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Capital AnalystscoreStrategic or Co-development PartnerCapital Analysts is a Registered Investment Adviser through which Beacon Financial Advisory provides advisory services. Together with Lincoln Investment, they enable Beacon to offer comprehensive financial advisory and securities services.
• Beacon Financial Advisory, LLCcoreStrategic or Co-development PartnerBeacon Financial Advisory, LLC is the registered investment adviser arm of Beacon Financial Partners, offering fiduciary financial planning and investment advisory services separate from the broker/dealer relationship with Lincoln Investment.
• FNA Wealth ManagementminorStrategic or Co-development PartnerFNA Wealth Management is an affiliate partner led by Joseph Randazzo, JD, CFP. The firm values its relationship with FNA Wealth Management and together they help clients plan and invest for their legacy.
• AdvyzoncoreTechnology or IntegrationAdvyzon is the primary client portal and wealth management platform used by Beacon clients to access their accounts, planning tools, and financial information.
• E-MoneycoreTechnology or IntegrationE-Money is a financial planning platform integrated with Lincoln Investment and used by Beacon for comprehensive financial planning and modeling.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Northwestern Mutual: Large mutual financial services firm employing financial advisors who deliver comprehensive planning including retirement, investment, tax, and insurance solutions. Closely comparable to Beacon's holistic planning approach and integrated insurance review offering, though at significantly larger scale.
• Ameriprise Financial: Large publicly-traded financial services company with a vast advisor network delivering comprehensive financial planning, investment advisory, and retirement income services to individuals and business owners - directly comparable to Beacon's full-suite wealth management offering, but at significantly greater scale.
• Raymond James Financial Services: Diversified financial services firm with a large independent advisor channel offering comprehensive wealth management, retirement planning, and investment services. Highly comparable to Beacon in terms of service breadth, target market, and hybrid advisory/transactional revenue model.
• Cetera Financial Group: National network of independent financial advisors offering wealth management, retirement planning, and investment advisory services. Highly comparable broker-dealer/RIA hybrid model with similar RIA affiliations, target segments, and open-architecture investment approach.
• LPL Financial: Largest independent broker-dealer in the U.S., supporting independent financial advisors with wealth management, retirement, and investment advisory services. Provides the same type of broker-dealer/RIA infrastructure Beacon accesses through Lincoln Investment, and serves a near-identical advisor-independent client base.

Direct peers

• Edward Jones: National financial advisory firm with a comparable relationship-based, advisor-led model serving individual investors and pre/post-retirees. Significant overlap in target clientele (mass-affluent and HNW individuals), fiduciary positioning, and geographic-decentralized branch model similar to Beacon's local-office approach.
• Commonwealth Financial Network: Privately-held independent broker-dealer/RIA supporting independent financial advisors with comprehensive wealth management, retirement, and planning services. Closely matches Beacon's independence model, advisor-led delivery, and use of third-party custodial platforms.
• Mariner Wealth Advisors: Independent national RIA providing comprehensive wealth advisory, retirement planning, and tax/estate services to HNW individuals, business owners, and corporate executives - a near-identical target client profile to Beacon, though operating at substantially greater scale.
• Cambridge Investment Research: Independent broker-dealer supporting independent financial advisors with retirement planning, investment management, and business consulting services. Mirrors Beacon's open-architecture approach, advisor-centric culture, and flexibility in serving individuals and business owners.
• Hightower Advisors: Independent RIA serving HNW individuals, families, and business owners with comprehensive wealth management, retirement, and succession planning. Comparable fiduciary model, target segments, and open-architecture approach, with a similar advisor-team acquisition strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/beaconplanners

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beacon Financial Partners