Finance

Beacon Capital Management

Just twenty minutes outside of Nashville in Franklin, Tennessee, sits a financial services firm committed to helping people on their journey to and through their retirement.

With a strong presence in the central part of the state, Beacon Capital Management is entrusted with $750 million of client assets. The firm has tripled in size since the economic downturn of 2008, and is set to launch its third office soon, and additional plans call for several more branches in the Nashville area.

As a full-service, comprehensive wealth management firm, Beacon Capital Management assists their clients with tax and estate planning, and retirement planning using annuities, alternative investments, individual stocks, mutual funds and other financial management options.

Emphasizing his firm’s versatility, Co-owner and Partner, Pete Benson said, “I want to be a custom builder of our clients’ financial or fiscal house; I can’t do that if all I can help them with is doors.”

As Registered Investment Advisers (RIA), Beacon Capital Management embrace working according to the mandatory fiduciary standard which puts each client’s best interests above their own.
Each week, Benson and Jon Maxson, also a co-founder and partner of the firm, host three one-hour long radio shows where they discuss money management and retirement planning. “Strategic Wealth Solutions” airs on the highest rated talk radio stations in Nashville and will soon increase to five shows a week; plans also call for entering the television market in the near future to expand the show’s reach.

According to Benson, however, client referrals top the firm’s method for attracting new clients.

“We take care of our clients and that has come back to us with people wanting to introduce us to their friends,” said Benson.

Whether on the airwaves or at the offices of Beacon Capital Management, longevity is a hot topic for many as people are living longer than previous generations. On that topic, Benson describes what he calls, a perfect storm. 

“You have disappearing pensions that used to represent guaranteed lifetime income even if people lived to be 102, interest rates are at an all-time low, increasing long-term care issues due to an aging America, and the market has averaged 2.6 percent for fifteen years,” he explained.

Consequently, Benson suggests that annuities are an option worth considering for seniors as well as other options that offer liquidity. He also urges that people in their forty’s and fifty’s should start to consider financial planning options for long-term care.

“The good thing is that there are now a lot of new and innovative products under the name of asset-based long-term care where you can ensure protection. You’ve got to plan for long-term care and for longevity of life, but frankly most people haven’t,” he said.

Benson serves as a trustee on the boards of two Christian colleges, and has provided a financial education platform for the student body.

For more information on Beacon Capital Management, visit: http://www.beaconcm.com


Securities offered through Kalos Capital, Inc. located at 11525 Park Woods Circle, Alpharetta, Georgia 30005, (678) 356-1100,  TD Ameritrade Institutional Services located at 5010 Wateridge Vista Dr., San Diego, California 92121 (800) 431-3500,  Fidelity located at 100 Crosby Pkwy, Covington, KY 41015, 800-544-5555,  and investment advisory services offered through Beacon Capital Management.   Beacon Capital Management is neither an affiliate nor subsidiary of  Kalos Capital, Inc. or TD Ameritrade Institutional Services, or Fidelity,  and does not provide tax and legal services.

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