Wealth manager, independent · Dallas, TX
Beacon Financial Group
Beacon Retirement Planning Services Inc. · SEC-registered investment adviser · CRD 110038 · SEC 801-57962
At a glance
Beacon Financial Group is an SEC-registered investment adviser based in Dallas, Texas, with $1.3B in regulatory assets under management as of its Form ADV filed March 13, 2026. It reports 1,052 individual clients, 510 of them high-net-worth, holding an average of about $1.2 million each, and 18 employees. That ranks it 851st among the nation’s 5,657 independent wealth management RIAs and 55th of 367 in Texas. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 972-726-9888beaconfg.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #851 of 5,657
- Rank among all SEC RIAs
- #4,636 of 17,210
- Rank in Texas
- #55 of 367
- Individual clients
- 1,052
- High-net-worth clients
- 510
- Accounts
- 2,152
- Discretionary
- 100% of AUM
- Employees
- 18
- Advisory staff
- 8
- Offices
- 1
Owners and executives on its Form ADV
- Stephen A. EngroPresident/ Treasurer/ Chief Compliance Officer/ Secretary
- Robert B. NorwoodExecutive Vice President of Kestra Financial, Inc
- Yin YinController at Kestra Financial, Inc
- Brandon K. SherbertChief Operating Officer
- Robert B. NorwoodAssistant Secretary and Assistant Vice President
- Lori A. MarkhamAssistant Secretary
Custody and brokerage
Broker-dealer
Hybrid RIA
Beacon Financial Group is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Grove Point Advisors, LLC, Grove Point Investments, LLC and Kestra Investment Services, LLC.
- Grove Point Advisors, LLC ↗CRD 313171
- Grove Point Investments, LLC ↗CRD 1763
- Kestra Investment Services, LLC ↗CRD 42046
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Kestra Investment Services as the broker-dealer its advisers are registered with.
Disciplinary Information 9 Some of the Investment Advisory Representatives of Beacon are also registered representatives of Kestra Investment Services, LLC, a FINRA member broker -dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 510 | $1.1B | 86% |
| Individuals | 542 | $185M | 14% |
Disciplinary disclosures
Beacon Financial Group reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗beaconfg.com ↗
AtlasMembers
The full record on Beacon Financial Group
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,837 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| FMP Wealth AdvisersAustin | $1.3B | 721 |
| Victory FinancialAustin | $1.3B | 2,937 |
| Rhame & Gorrell Wealth ManagementThe Woodlands | $1.3B | 837 |
| Meristead Wealth, LLCWestlake | $1.3B | 975 |
| Childress Capital Advisors, LLCHouston | $1.2B | 128 |
| Autumn Lane Advisors, LLCHouston | $1.2B | 59 |
Background
Questions
How much does Beacon Financial Group manage?
Beacon Financial Group reports $1.3B in regulatory assets under management across 2,152 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 13, 2026.
How many clients does Beacon Financial Group have?
It reports 1,052 individual clients: 510 high-net-worth individuals and 542 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Beacon Financial Group headquartered?
Its main office is in Dallas, Texas. It reports 1 office in total and 18 employees, 8 of whom perform investment advisory functions.
How does Beacon Financial Group charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Beacon Financial Group use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed March 13, 2026, it reports these amounts held: Charles Schwab ($1.0B); Fidelity ($124M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Beacon Financial Group a hybrid RIA with a broker-dealer?
Beacon Financial Group is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Grove Point Advisors, LLC, Grove Point Investments, LLC and Kestra Investment Services, LLC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Beacon Financial Group a fiduciary?
As an SEC-registered investment adviser, Beacon Financial Group owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 12 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Beacon Financial Group’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-13), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →