About the Firm
Beacon Wealth Consultants, Inc. (“Beacon Wealth Consultants,” “us” or “we") is an investment advisory firm registered
with the U.S. Securities and Exchange Commission. We commenced doing business as an advisory firm in 2010. As a
registered investment advisory firm, we are a fiduciary to our clients. This means we have an obligation to put client
needs ahead of our own and to act in our client’s best interest, without regard to financial or other interests of
ourselves, a financial institution or any other affiliate, related party or other party.
Our owners are Richard S. Laymon, Jr. and Cassandra Chandler Laymon.
Description of Advisory Services
We provide investment advice including comprehensive Wealth Management Services that include our proprietary True
Wealth Solution™, including investment in our exclusive LightPoint Portfolio Solutions™, custom financial planning and
continuous investment oversight and advice. Similar services are also available on a non-discretionary, la carte basis in
addition to Estate Administration & Wealth Transfer Consulting, 401(k) Advisory Service and True Wealth Legacy
Coaching™. We also offer retirement plan services to plan sponsors.
Beacon Wealth Consultants, Inc. also provides the LightPoint Portfolios investment solutions on a sub-advisory basis and
via model portfolios to non-affiliated investment professionals and plan sponsors. For a description of our LightPoint
Portfolios, see LightPoint Portfolio Solutions™ below.
Each of these services are described more fully below.
The True Wealth Solution™
The True Wealth Solution™ is our proprietary financial planning process. It begins with The Vision Clarifier™, our discovery
process that is designed to identify and understand your unique goals, financial needs and passions. It serves to bring
clarity and focus to the entire planning process. The True Wealth Solution™ is designed to coordinate your finances, plot
your current course, and help you clearly see where you stand relative to accomplishing established measurable goals.
The True Wealth Solution™ then sets out charting a new custom strategic plan, Investment Policy Statement and portfolio
design — providing a valuable framework for making wise decisions about time and money.
The True Wealth Solution is available as an a la carte planning service or bundled with our Investment Management
Services (discretionary). The investment advisor representative will meet with you periodically, but at least once per year,
either in person or virtually, to review plan progress, the performance of investments and make updates to the plan as
appropriate.
LightPoint Portfolio SolutionsTM
The LightPoint Portfolio Solutions™ are fully screened, Biblically Responsible Investment (BRI) portfolios designed to
reflect faith and family values while pursuing competitive returns.
• LightPoint™ Mutual Fund/ETF Portfolios – A strategic asset allocation program ($25,000 minimum) that primarily
utilizes mutual funds, closed end funds, and/or exchange traded products to implement a variety of investment
portfolios with different risk and reward characteristics.
• LightPoint™ Select Equity Portfolios – A strategic asset allocation program ($500,000 recommended minimum)
that primarily utilizes strategic asset allocation to achieve broad-market exposure with mild equity-to-fixed
income and sector tilts. Securities utilized could include, but are not limited to, common stock, exchange traded
products, mutual funds, closed-end funds, preferred stock, and convertible securities to implement a variety of
investment portfolios with different risk and reward characteristics.
Annuities
In limited circumstances, where an annuity (fixed, equity-index, or variable) is appropriate per the client’s financial plan,
approved, commission-free annuities may be utilized as part of plan implementation. A standard advisory fee will apply.
See Item 5 below for details.
TIAA Program
TIAA-CREF provides record-keeping and related services to employer-sponsored retirement plans and annuity products.
TIAA-CREF allows us to provide asset allocation services to clients at select Institutions. These services are only available
to certain legacy clients; we do not offer these services to new clients. We can view general information about TIAA
products, view client account information; request forms; change premium allocations; transfer/exchange funds among
like accounts within TIAA; and cancel transfer/exchanges of funds among like accounts within TIAA. The asset allocation
program utilizes funds that are made available to plan participants by the plan sponsor to implement a variety of
investment portfolios with different risk and reward characteristics.
Small Account Program
The Small Account Program is designed for new investors who are growing their investment assets, or larger investors
who are creating legacy accounts for their heirs. The Small Account Program is an asset allocation program ($1,000
minimum [$25 for SIMPLE IRAs] and $25,000 maximum) that utilizes screened, Biblically Responsible Investment (BRI)
portfolios of mutual funds to implement a variety of investment objectives with different risk and reward characteristics.
Basic Retainer Service
For those who do not meet our minimum account size for the LightPoint Portfolios, we offer a basic retainer service that
provides client a one-page financial plan and on-going advice for overall wealth management and investments held in
unmanaged accounts or held away from the adviser. This is a completely customizable service to meet a broad range of
client needs.
401(k) Advisory Service
An investment adviser representative will perform a quarterly review and provide recommendations on investment
options for the client’s 401(k), other employee sponsored retirement program or investment accounts that the adviser
does not have the ability to place trades on behalf of the client.
Estate Administration and Wealth Transfer Consulting
Estate Administration – We are available to assist executors and trustees with the compiling and valuation of an estate’s
financial assets; working with custodians of those assets to transfer registration to the estate beneficiaries. This could
include Collaboration with estate attorney and CPA as necessary.
Wealth Transfer Consulting – We are available to evaluate the various planning strategies and mechanisms available to
effectively transfer wealth to others while still living (children, charitable organizations, etc.) to meet client’s planning
objectives, including the tax and financial planning implications of each. Collaboration with the attorney and CPA as
needed for implementation.
True Wealth Legacy Coaching™
The True Wealth Legacy Coaching service helps guide you in assessing your current financial situation and allocating
resources towards the fulfillment of your family legacy, charitable gift planning, estate, business and wealth transfer and
non-financial goals. It could include conducting family retreats, the drafting of a family mission statement and ethical
wills, training and mentoring the next generation of stewards, estate design, and establishing various charitable giving
vehicles as appropriate. We will provide ongoing monitoring, plan progress and implementation counsel related to
achieving your long-term goals and objectives in these areas
LightPoint Kingdom(k) ®, LightPoint Kingdom(b) ® and other Retirement Plan Services
Beacon Wealth Consultants, Inc. provides consulting and advisory services in the form of ERISA Section 3(38) fiduciary
services for 401(k) qualified plans, certain defined benefit plans, non-ERISA 403(b) plans and ERISA-covered 403(b)7
plans to employers and plan sponsors for the benefit of its employee retirement plan. There is no plan size minimum.
Services eligible to be selected in the Retirement Plan Consulting & Advisory Agreement include:
o Assisting the employer or plan sponsor in the implementation of the Plan’s Investment Policy Statement (IPS) or
assist in creating one.
o Plan
investment due diligence, selection, monitoring, and replacement.
o The design and maintenance of risk-based model portfolios which are screened according to the criteria outlined
in the Plan’s IPS. The asset allocation program primarily utilizes mutual funds and exchange traded products to
implement a variety of investment portfolios with different risk and reward characteristics.
o Participant education and enrollment support.
Details of the specific obligations of Beacon Wealth Consultants, Inc. is provided in the Retirement Plan Consulting &
Advisory Agreement and Non-ERISA Retirement Plan Consulting & Advisory Agreement between the employer or plan
sponsor and Beacon Wealth Consultants, Inc. Beacon Wealth Consultants, Inc. does not provide record keeping,
custodial, or Third-Party Administrator (TPA) services for the employer or plan sponsor. The employer or plan sponsor
will choose providers for these services.
With respect to plans that are not participant–directed (e.g., defined benefit plans such as cash balance plans and
certain defined contribution plans such as money purchase and profit-sharing plans) and that utilize Beacon Wealth’s
discretionary investment management services, Beacon Wealth Consultants exercises full discretion with respect to
delegated assets as to the selection of fund managers and the allocation of plan assets among such managers. Beacon
Wealth Consultants is responsible for monitoring the performance of the managers.
LightPoint Kingdom(k)® and LightPoint Kingdom(b) ® Retirement Plan Distribution
Beacon Wealth Consultants, Inc. provides consulting and advisory services to companies and organizations (“Plan
Sponsors”) eligible under current law to sponsor 401(k) retirement plans and churches and organizations eligible to
sponsor 403(b) retirement plans in our LightPointTM Portfolio Solutions model portfolios. These services are offered
through an alliance with Epic Retirement Plan Services. In these arrangements, Beacon Wealth Consultants, Inc.
establishes an agreement with the Plan Sponsor. The Plan Sponsor could, at its own discretion, have a separate
agreement with a financial advisor that is not affiliated with Beacon Wealth Consultants. If this is the case, Beacon
Wealth Consultants actions will be guided by the Plan Sponsor’s investment objectives, as reported to Beacon Wealth
Consultants by the client. Under these circumstances, Beacon Wealth Consultants, Inc. will coordinate with the Plan
Sponsor’s financial advisor but will always act in the best interest of the Plan Sponsor.
Employer-Sponsored Retirement Accounts If you are leaving your employer, you have various options regarding your
employer sponsored retirement plan. You will be able to leave your money in the former employer’s plan. You will be
able to roll over the assets to a new employer’s plan. It will be possible to cash out your account value and there could
be tax consequences associated with that choice. You could instead opt to roll over the retirement assets into another
account, and you could choose to have that account managed by Beacon Wealth Consultants. When we provide
investment advice to you regarding your retirement plan account or individual retirement account, we are
fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal
Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some
conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not
put our interest ahead of yours. If Beacon Wealth Consultants recommends you roll over your retirement plan or
IRA into a retirement account or IRA managed by us, this creates a conflict of interest in that Beacon Wealth
Consultants is acting on behalf of its best interest to receive investment advisory fees from your account. When we do
this, Beacon has an obligation to document our evaluation of both plans, provide you with a copy and a written reason
why rolling over is in your best interest for you to choose which option is best for you. Please ensure you have
reviewed your options and made the best choice for your situation prior to making a decision about your retirement
plan. You are under no obligation to rollover assets into an account managed by Beacon Wealth Consultants, Inc.
LightPoint TM Portfolio Solutions Distribution - Sub-Advisory Services and Model Delivery Program
LightPointTM Portfolio Solutions Sub-Advisory Services
Beacon Wealth Consultants provides consulting and advisory services to other registered investment advisers and
investment professionals (the “primary advisers”) as a sub-advisor, allowing their respective clients to invest in our
LightPointTM Portfolio Solutions portfolios. In these arrangements, we establish an agreement with the advisor or
advisory firm, and not directly with the investor/client. We will implement and manage an investment strategy in the
client’s account; however, we do not serve as the primary adviser to the client. The primary adviser will retain direct
contact with the client and will manage the client relationship. We will have exclusive investment discretion as to which
securities shall be purchased or sold in the sub-advised client’s account in a manner consistent with the client’s selected
product, investment objectives, policies and restrictions (if any) and the capabilities of the broker-dealer. In order to
determine whether the strategy is suitable for a client, the primary adviser and the client are responsible for
ascertaining the goals and objectives of the portfolio in question. In addition, we will obtain initial documentation of the
client’s risk parameters and investment objectives. However, it is the responsibility of the primary adviser and/or the
client to promptly notify us of any changes in financial condition of the client that would necessitate a change in the
client’s investment objective.
LightPointTM Portfolio Solutions Model Delivery
Beacon Wealth Consultants also participates in Model Delivery programs where we are retained by the Program Sponsor
to provide a model portfolio and update the model portfolio as we make changes to our own LightPoint Portfolio
Solutions portfolios. In Model Delivery programs, we do not exercise investment discretion or trade the account. Rather,
the Program Sponsor maintains investment discretion for the account and may or may not elect to execute any or all of
the purchase or sale transactions that we recommend. Furthermore, in Model Delivery arrangements, the Program
Sponsor is responsible for determining the timing of transactions, execution venue, and other decisions relating to the
trade execution. Additionally, Program Sponsors may accept individualized client investment guidelines and restrictions
on the management of the account. As a result, there is expected to be material performance differences between
account performance in Model Delivery programs and our LightPoint Portfolio Solutions portfolios.
As a model portfolio adviser in a managed account platform, we provide recommendations and investment advice
regarding model portfolios which is delivered and administered by a platform to other investment professionals that
have either “wrap” fee or non-wrap managed account programs. We receive fees from the providers of such platforms
based on the amount of assets managed using our model portfolios. A wrap fee program is considered any arrangement
under which clients receive investment advisory and securities brokerage services for a specified fee or fees not based
upon transactions in their accounts. Beacon Wealth Consultants does not, however, serve as the sponsor of any wrap
fee programs.
As of February 15, 2023, our discretionary assets under management were $183,646,650; our non-discretionary assets under
management were $0; and our assets under advisement were $3,779,847. We tailor our advisory services to the individual needs
of clients based upon the information you provide to us during our meetings. Clients can impose restrictions on investing
in certain securities.