Wealth manager, independent · Covington, LA
Beam Wealth Advisors, Inc.
SEC-registered investment adviser · CRD 109867 · SEC 801-60334
At a glance
Beam Wealth Advisors, Inc. is an SEC-registered investment adviser based in Covington, Louisiana, with $1.6B in regulatory assets under management as of its Form ADV filed August 13, 2026. It reports 2,207 individual clients, 445 of them high-net-worth, holding an average of about $0.6 million each, and 27 employees. That ranks it 676th among the nation’s 5,657 independent wealth management RIAs and 5th of 46 in Louisiana. It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Raymond James and Charles Schwab.
Main office 985-893-1440beamwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.6B
- Rank among independent wealth managers
- #676 of 5,657
- Rank among all SEC RIAs
- #4,116 of 17,210
- Rank in Louisiana
- #5 of 46
- Individual clients
- 2,207
- High-net-worth clients
- 445
- Accounts
- 5,324
- Discretionary
- 98% of AUM
- Employees
- 27
- Advisory staff
- 27
- Offices
- 33
Owners and executives on its Form ADV
- Amy L. BettsChief Compliance Officer
- Jaime A. BenedettiChief Executive Officer
- Baburhan GucerChief Financial Officer
- Jennifer D. ClouseChief Operations Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Beam Wealth Advisors, Inc. is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Purshe Kaplan Sterling Investments as the broker-dealer its advisers are registered with.
vised Persons, in their individual capacities as registered representatives of Purshe Kaplan Sterling Investments (“PKS”), may provide securities brokerage services and implement securities transactions under a separate commission-based ar
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 445 | $890M | 56% |
| Individuals | 1,762 | $490M | 31% |
| Pension and profit sharing plans | 40 | $202M | 13% |
| Corporations or other businesses | 10 | $18M | 1% |
| Charitable organizations | 1 | $0M | <1% |
Disciplinary disclosures
Beam Wealth Advisors, Inc. 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
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Market timing
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗beamwealth.com ↗
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Louisiana
All of Louisiana →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Waters, Parkerson & Co., LLCNew Orleans | $2.9B | 741 |
| Summit Financial Wealth AdvisorsLafayette | $1.8B | 1,208 |
| Argent Advisors, Inc.Ruston | $1.7B | 1,410 |
| FPL Capital Management, LLCMetairie | $1.1B | 268 |
Background
Questions
How much does Beam Wealth Advisors, Inc. manage?
Beam Wealth Advisors, Inc. reports $1.6B in regulatory assets under management across 5,324 accounts, 98% of it on a discretionary basis, on its Form ADV filed August 13, 2026.
How many clients does Beam Wealth Advisors, Inc. have?
It reports 2,207 individual clients: 445 high-net-worth individuals and 1,762 other individuals. Individuals account for about 86% of its regulatory assets.
Where is Beam Wealth Advisors, Inc. headquartered?
Its main office is in Covington, Louisiana. It reports 33 offices in total and 27 employees, 27 of whom perform investment advisory functions.
How does Beam Wealth Advisors, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Beam Wealth Advisors, Inc. use?
It reports 3 custodians for its clients’ separately managed accounts: Fidelity, Raymond James and Charles Schwab. On Schedule D of its Form ADV filed August 13, 2026, it reports these amounts held: Fidelity ($692M); Raymond James ($513M); Charles Schwab ($202M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Beam Wealth Advisors, Inc. a hybrid RIA with a broker-dealer?
Beam Wealth Advisors, Inc. is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Beam Wealth Advisors, Inc. a fiduciary?
As an SEC-registered investment adviser, Beam Wealth Advisors, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 16 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 Beam Wealth Advisors, Inc.’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 (2026-08-13), 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 →