Beacon Wealth Consultants Announce New Director of Advisory Services Roanoke, VA, October 18, 2022 – Beacon Wealth Consultants, a wealth management company committed to faith-based investing, is pleased to announce that Jake Preston, CFP® has accepted the role of Director of Advisory Services. Preston interned with Beacon Wealth for two years while studying financial planning…
Details
Despite market downturn, plan participants stay the course Finally, some good retirement news! Despite the increased market volatility and belt tightening caused by inflation, most 401(k) and 403(b) participants are sticking with their retirement plan. The Investment Company Institute surveyed recordkeepers representing over 40 million participant accounts. The results show[1] that participants are still contributing,…
Details
Do you really know what benefits your employees want? When it comes to employee benefits, a defined contribution plan is the second most desired benefit after health insurance. A recent survey from the Transamerica Institute asked employees and employers about the most valued benefits and 89% of employees said a retirement plan was somewhat or…
Details
How do advisors want to spend their time? Survey says… Advisors love their clients and want to focus on serving new and existing clients! A recent survey from fintech company Broadridge Financial Solutions revealed that most advisors really want to focus on serving clients and business development. 62% want to spend more time on client-facing…
Details
Employers are Essential for Improving Retirement Savings The U.S. Census Bureau recently released it’s The Wealth of Households: 2019 report. Digging into the stats underlying the report makes for a fascinating read for a data geek like me but I wanted to focus on what the report revealed about retirement savings. Only 58.8% of households…
Details
3 Assumptions ERISA Makes About Plan Sponsors Many plan sponsors do not understand the full weight of their fiduciary duty towards the employees participating in the company retirement plan. The Employee Retirement Income Security Act of 1974 (ERISA) lays out standards of conduct for plan fiduciaries. Built into the standards are several assumptions the Department…
Details
What if my retirement plan doesn’t offer faith-based funds? The opportunities for Christians to align their investments with their faith values have never been better! Beacon Wealth Consultants has helped Believers with biblically responsible investing for over 25 years and many individuals and families have discovered the joy and freedom that comes with planning and…
Details
Stop Checking Your 401(k) Balance! The ongoing volatility in the stock market and relentless onslaught of negative economic news is raising investor anxiety. If you are feeling worried about your 401(k) performance, let me offer you some advice: stop checking your account balance! Most 401(k) providers allow participants to easily check their account online. But…
Details
Using GIPS® Standards to Compare Portfolio Managers Many advisors understand the benefits of outsourcing portfolio management – benefits such as tapping into the expertise of professional portfolio managers and increasing the time spent meeting with clients and prospects. One dilemma advisors face in choosing a portfolio manager is how to evaluate their past performance. Acting…
Details
Can a Pastor Have a 401(k) and a 403(b)? Bi-vocational pastors make up a sizeable minority of pastors in America – 26% according to a 2019 Barna survey. This means that 26% of pastors have another paid or unpaid role in addition to pastoring a church. For those employed by a church and another employer…
Details