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…
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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…
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Are you personally liable for your retirement plan? Does your company retirement plan have a named fiduciary investment manager in the plan documents? If it doesn’t or if you don’t know then chances are that it’s you. Under Employee Retirement Income Security Act of 1974, the plan sponsor is the principal administrator and investment manager…
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3(16), 3(21), or 3(38) Fiduciary – What’s the Difference? When it comes to your company retirement plan, there are several different fiduciaries with which your company can partner. But knowing the differences can be confusing at best and at worse can mean thinking you have reduced your liability when you really haven’t. Each one is…
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4 Reasons Your Business Needs a Retirement Plan For most Americans, their company 401(k) is their primary means of saving for retirement. Despite this fact, less than half of all small businesses offer a retirement plan as an employee benefit[i]. There are two sides to this problem – first, employers do not understand all the…
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Bi-Partisan Congressional Support for Retirement You may not have noticed but Congress is extremely interested in retirement right now. (No, not their own retirement!) While most headlines are about congressional debates on abortion and other hot issues, there are several bills, some with bi-partisan support, being discussed by the House and Senate. If passed, they…
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8 Things to Consider Before Joining a BRI Advisory Firm There has never been a better time to be a Christian advisor focusing on faith-based, or biblically responsible investing (BRI). When Beacon Wealth Consultants began implementing BRI in 1997, the number of firms specializing in it could be counted on one hand and there was…
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3 Reasons to Outsource Portfolio Management Portfolio management is one of our featured services at Beacon Wealth Consultants and we are so pleased to be able to offer these services to Christian financial advisors. There are several good reasons why advisors should consider outsourcing portfolio management to Beacon Wealth Consultants. Depth of Expertise…
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As a Christian business owner, you are already incorporating biblical principles into many aspects of your business, but what about your company retirement plan? Is it possible to honor God through your 401(k) plan, and if it is, what would that look like? Fiduciary responsibility Many business owners don’t understand the personal liability they…
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Roanoke, VA, 4/19/2022 — Beacon Wealth Consultants, a wealth management company committed to faith-based investing for over 20 years, is pleased to announce its sponsorship of the Christian Medical & Dental Associations® (CMDA) National Convention in Indianapolis. The National Convention brings together Christian healthcare professionals from across the country for several days of learning, fellowship,…
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