Beacon Wealth Consultants provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Beacon Wealth Consultants reports 537 clients. They include 497 individual clients, 25 high-net-worth individuals, and 13 pension and profit-sharing plans. Of its assets, 100.0% ($278M across 1,138 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $2.34M. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 60% |
| High-net-worth individuals | 5% | 27% |
| Pension and profit-sharing plans | 2% | 12% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 497 | $168M | 60.2% | $337K |
| High-net-worth individuals | 25 | $74.9M | 26.9% | $2.99M |
| Pension and profit-sharing plans | 13 | $33.6M | 12.1% | $2.58M |
| Charitable organizations | Fewer than 5 | $2.31M | 0.8% | $1.15M |
| Total | 537 | $278M | 100% | — |
- Clients
- 497
- Regulatory AUM
- $168M
- AUM share
- 60.2%
- Avg. per client
- $337K
- Clients
- 25
- Regulatory AUM
- $74.9M
- AUM share
- 26.9%
- Avg. per client
- $2.99M
- Clients
- 13
- Regulatory AUM
- $33.6M
- AUM share
- 12.1%
- Avg. per client
- $2.58M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.31M
- AUM share
- 0.8%
- Avg. per client
- $1.15M
Total
- Clients
- 537
- Regulatory AUM
- $278M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Beacon Wealth Consultants charges 0.65%–2.00% a year for its Wealth Management Services. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable. The brochure also prices 4 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$100K | 2.00% |
| $100K–$250K | 1.50% |
| $250K–$500K | 1.40% |
| $500K–$1M | 1.25% |
| $1M–$2M | 1.00% |
| $2M–$5M | 0.85% |
| $5M–$10M | 0.75% |
| $10M and above | 0.65% |
Fee details and sources
Other fees
- Basic Retainer Service
- Fee of $300 per quarter, billed quarterly in advance and stoppable at any time.
- Comprehensive Financial Plan
- One-time plan for planning-only engagements at 1% of net worth or $1,500, whichever is higher; reviews and updates billed at $300 per hour.
- Estate Administration and Wealth Transfer Consulting
- Hourly rate of $250 per hour, invoiced in arrears as services are provided.
- True Wealth Legacy Coaching
- Fixed fee ranging from $3,500 to $35,000 annually, depending on the scope of services and the size and complexity of the estate; billed quarterly in advance.
Richard Laymon owns 75% or more of Beacon Wealth Consultants. Richard Laymon is CEO; the leadership team includes President Cassandra Laymon, Chief Investment Officer Hillary Sunderland and Chief Compliance Officer Ann Zemann. It has 19 employees, 15 of them in advisory roles.
Leadership
- Richard LaymonChief Executive Officer
- Cassandra LaymonOwner/President
- Ann ZemannChief Compliance Officer
- Hillary SunderlandChief Investment Officer
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- David Walker Black
- Chase Cavanaugh
- Conner Griffin Compton
- Colin Philip Craig
- Kirk Clayton Hobart
- Kimberly Dawn Jenkins
- Cassandra C. Laymon
- Richard Stephen Laymon JR
- Jerry Lee McMillan
- Cameron Michael Smith
- Hillary Ann Sunderland
- Michael Ryan Sunderland
Staff
- 19 employees
- 15 in advisory functions
- 1 insurance agent
- Owns 75% or more of Beacon Wealth Consultants, Inc.
Richard Laymon
Control person · since August 2010
- Owns 10% to 25% of Beacon Wealth Consultants, Inc.
Cassandra Laymon
since August 2012
Beacon Wealth Consultants’ regulatory assets grew 1.9× from $146M (June 2021) to $278M (August 2026); clients rose from 496 to 537 and employees from 12 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $278M | 537 | 19 | 5 |
| March 2025 | $237M | 1,097 | 19 | 3 |
| February 2024 | $204M | 491 | 15 | 3 |
| March 2023 | $184M | 469 | 15 | 3 |
| May 2022 | $173M | 400 | 10 | 3 |
| June 2021 | $146M | 496 | 12 | 3 |
Besides its headquarters, Beacon Wealth Consultants has 4 offices, with 5 listed addresses across 5 states.
Florida · 1 listed address
- 114 Pennsylvania Ave., Winter Garden
Michigan · 1 listed address
- 4211 Michelle Circle, Lansing
North Carolina · 1 listed address
- 375 Main Ave Ne, Hickory
Pennsylvania · 1 listed address
- 250 E. Beaver Avenue, Suite E-762, State College
Virginia · 1 listed address
- 302 Washington Ave. SW, RoanokeHQ
Other business names
Beacon Wealth Consultants has reported 1 other business name to the SEC.
- Lightpoint Portfolios
Contact and registration details
- Legal name
- Beacon Wealth Consultants, Inc.
- Headquarters
- 302 Washington Ave. SW, Roanoke, VA 24016-4312
- Website
- beaconwealth.com
- Phone
- 540-345-3891
- @beacon-wealth-consultants-inc-
- SEC file
- 801-118970
- Structure
- Virginia corporation
- Fiscal year end
- December
Beacon Wealth Consultants uses Charles Schwab ($170M, 100%) and MTG ($0, 0%) as custodians for its separately managed accounts. Beacon Wealth Consultants has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $170M100%
At year end, Beacon Wealth Consultants’ separately managed accounts were mostly in funds (70%) and stocks (28%).
What the accounts hold
- Stocks28%
- Funds70%
- Cash2%
How many clients does Beacon Wealth Consultants have?
Beacon Wealth Consultants has 537 clients and manages $278 million for them, as of August 2026. They include 497 individual clients, 25 high-net-worth individuals, and 13 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 August 2026
What services does Beacon Wealth Consultants offer?
Beacon Wealth Consultants provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Beacon Wealth Consultants charge?
Beacon Wealth Consultants charges 0.65%–2.00% a year for its Wealth Management Services. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable.
Which custodians does Beacon Wealth Consultants use?
Beacon Wealth Consultants’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $170M. The filing also lists MTG, LLC with no separately managed account assets.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 August 2026
How many financial advisors does Beacon Wealth Consultants have?
Beacon Wealth Consultants has 0 investment adviser representatives registered with state securities authorities, out of 19 employees, and 15 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Beacon Wealth Consultants invest in?
At the end of its last fiscal year, Beacon Wealth Consultants’ separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Beacon Wealth Consultants?
Beacon Wealth Consultants’ direct owners are Richard Laymon (75% or more) and Cassandra Laymon (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 18 August 2026
How does Beacon Wealth Consultants get paid?
Beacon Wealth Consultants is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Beacon Wealth Consultants?
Beacon Wealth Consultants’ main office is at 302 Washington Ave. SW, Roanoke, VA 24016-4312. Its phone number is 540-345-3891. Its website is beaconwealth.com.