Beacon has been selected for the Top 100 for New Model Adviser 2023
We are very proud to announce that Beacon Wealth Management has been honoured with the Citywire New Model Adviser Top 100 award for 2023. This marks the eleventh consecutive time we have received this recognition, and is testament to the hard work of our staff and the care we take with our clients.
“We want to highlight how some of the best firms in the country are thinking about offering value to clients,” explained Charles Walmsley, Editor of Citywire. “Whether it is changes to fees and disclosure in light of the consumer duty or the adoption of artificial intelligence, all these firms have interesting stories about how they are delivering financial advice in 2023.”
Citywire said of Beacon Wealth Management:
“Like all advice businesses, Beacon Wealth Management has been grappling with the FCA’s consumer duty this year. The firm has introduced three new service levels, with fresh terms for each one. In order to improve and confirm client understanding, the firm has changed its suitability reports; a new feature checks that clients understand the fees they pay and the service they can expect.
The firm, which is co-owned by managing director Tony Larkins and his wife Karen, plays an active role in the local community. As well as sponsoring events including Kimbolton’s fireworks and a local cricket match, Beacon raised £11,492 for Sue Ryder St John’s Hospice.”
Top 100 for 10 Years Running!
We did it…..we are in the New Model Adviser Top 100 for the 10th year running!
“ESG is at the heart of everything Beacon Wealth Management does. In the past year, ESG made up 80% of the firm’s recommended funds and 56% of it’s assets under advice. Beacon has recently celebrated 10 years of it’s five risk-rated Ethical portfolios.
Beacon’s new campaign Greener Us has seen it review what it does as a company and make changes – big and small – to reduce it’s carbon footprint. This past year it planted a wildflower meadow for the local community, built bug hotels in the office garden and installed smart metres.
Beacon has a task force called the ‘Good to Great’ team, whose role is to continaully explore the client and staff experience to find opportunities for improvement. Managing Director, Tony Larkins, heavily invests in the team and in staff training as he believes employees are the company’s most important asset. “
Top 100 IFA for the 9th Year!
Top 100 IFA 8 years running
Beacon Wealth Management have just been announced within the Top 100 best Independent Financial Advisers in the UK again – considering there are thousands of companies in this industry it is a big achievement.
The organiser of the awards, large financial publishing body New Model Adviser, stated: “Beacon Wealth Management certainly does not rest on its laurels. Despite featuring in the Top 100 for eight years running, the firm continues to look for ways to improve with its ‘good-to-great committee’, which comprises staff members from across the business.
While this year has thrown up new challenges, Beacon has tried to keep up development with regular opportunities to earn qualifications and improve knowledge. It also provided a list of resources for furloughed employees to learn new skills during lockdown if they wanted to. Clients were also supported, with regular newsletters setting out what the team was doing during the pandemic.
ESG has proven popular with Beacon’s clients this year, with 60% of clients’ assets going into funds with some sort of screen. The firm was prepared for the influx: out of the 10 model portfolios, five have an ethical screen.”
This year hasn’t been easy for any business, but thanks to Beacon’s managing director Tony Larkins, who created a structure that would build on fund management income, and their investment team managing to create results far better than the FTSE 100, they haven’t been hit as hard as many others.
‘It is an honour to be recognised again and it is testament to our teams hard work and dedication to our clients that we have been.’ commented Tony Larkins Managing Director.
Beacon Wealth Management shortlisted as Best ESG Company in the UK
We are the only business in the UK to be shortlisted in an award with multi-national HSBC, London city based and national firms, as one of the best ethical investment companies in the UK!
The award is for the BEST ESG ADVISER – in layman’s terms this award recognises financial advice firms that are going above and beyond in its efforts to meet their clients’ ethical/environmental, social and governance investment needs. In short, a great financial company offering ethical investment advice based on their clients needs, wants and desires.
As a company who prides ourselves as being forward-thinking, with clients’ interests at the forefront of everything we do, which is backed up via our own qualifications, training and continual process evaluations, the recognition couldn’t have come at a better time.
With the world in the state it currently is, it’s very clear that many people are concerned about what it means for the future, and money worries have become central to that.
Like many companies we have followed the guidelines from the beginning, ensuring those who could work from home did at the earliest opportunity. Inevitably we had to furlough a few of our team, but are hoping to be back together soon. Despite this Beacon Wealth Management are still fully operational from their relative homes and the team have noticed a significant increase with interest on investment performance, and have been sending out client updates and holding client meetings via telephone and video calls.
‘We have always said we offer city-level advice but without the price tag and for us to be recognised in this award with our fellow counterparts, is an honor and helps support our message. I have loved chatting with clients over this period, not only because I have known many for years and consider them to be friends, but to also discuss what is happening, based on the current climate and their investment reports. It is lovely hearing that they understand the situation and, in many cases, want to capitalise on future investments, by investing whilst the markets are low.
Our team being recognised for this prestigious award is fantastic and testament to their hard work. We are proud to have an in-house investment team, with dedicated managers for both ethical and non-ethical funds, which means we are fully in control of all our portfolios. I am very proud of how my team are performing together whilst distanced, and can’t wait until we can all get back together.’ Commented Tony Larkins, Managing Director.
Top 100 Independent Financial Adviser 7 years running
Beacon Wealth Management has once again been celebrated as one of the best IFA’s (Independent Financial Advisers) in the UK, in the recently announced New Model Adviser Top 100.
The New Model Adviser Top 100 awards the top 100 financial planning businesses in the UK that are going above and beyond for their clients, as well as their team and contributing to the profession as a whole. New Model Advisor send out long and detailed surveys to firms, covering investment fees, training, succession plan, client education and diversity. Scoring the firms is based on answers not assets. Survey responses are assessed using an approved point-scoring-system, some of the factors they look at include; evidence of well-qualified staff, robust investment propositions, carefully segmented client bases, good use of technology, willingness to share best practice, recruitment and contribution to professional standards.
Beacon Wealth Management Ltd have not only proven they have the criteria to meet the need to be part of the Top 100, they have achieved this for seven years running. The Kimbolton based firm have also been recognised for their commitment to their local community spending over £2million on local causes.
Tony Larkins, Managing Director, Beacon Wealth Management Ltd commented; “I am very proud of my team, for this great achievement for the 7th year. This year we have invested in qualifications for our growing team and have set up a committee of non-management staff to help the firm go from good to great, using team suggestions on what we can improve on next. Our clients are important to us and the heart of what we do, we will never stop improving ourselves as clients deserve the best and more.”
Small Advice Firm of the Year in the Money Marketing Awards 2019
The award ceremony held in City Central at the HAC on Wednesday 26th June 2019, was recognised and attended by, the best financial planning companies and individuals throughout the UK. This sought-after accolade was well received amongst industry leaders and fellow peers.
The selection process was in-depth and they were judged on factors that included continual enhancement for clients, professional qualifications and the overall efficiency of their business model.
Tony commented, “I feel very proud that Beacon have been highlighted as a Small Advice Firm of the Year at the Money Marketing Awards. There are exciting times ahead for Beacon.”
Top 100 IFA 6 years running
Current figures show there are 13690 Financial advising firms in the UK and Beacon Wealth Management Ltd have just been nominated one of the Top 100 Independent Financial Advisers in the UK by the New Model Adviser. This is the sixth year running Beacon Wealth Management Ltd a growing firm has achieved the Top 100 award.
Beacon Wealth Management Ltd was the first Chartered Financial Planning Company in Cambridgeshire when it opened its doors in 2010. Since then the company has grown, having an umbrella name of Beacon Wealth Group containing Beacon Wealth Management Ltd, Beacon Wealth Legal and Beacon Wealth Estates.
Tony Larkins, Managing Director, Beacon Wealth Group commented; “My management team and I have worked together for 10 years or more, and my heads of Investment, Finance and Marketing are all Chartered in their own profession. I am very proud of my team and will continue to enter awards and will hopefully achieve our 7th year next year.”
Women in Financial Advice Awards 2018
With the hype about working women and more balanced gender distribution in companies and equal pay. According to the Labour Force Survey (LSF) the female employment rate aged 16 to 64 in the UK is currently 71.3%
Beacon Wealth Management Ltd have entered some of their team in, Women in Financial Advice Awards 2018 and are extremely please to announce Pippa Ellis, Office manager and Compliance officer who has been working for Beacon Wealth Management Ltd for over 15 years has been nominated for Team Leader of the year.
Leigh Eeles, Client Account Manager who has been working for Beacon Wealth Management Ltd for nearly 5 years has been nominated for Women of the Year – Adviser Support Services
Also, Natasha Oliver, Business Development Manager who has been working for Beacon Wealth Management Ltd for just over a year has been nominated for Rising Star.
Women in Financial Advice Awards is organised by Professional Adviser and Retirement Planner to celebrate achievements of women working within the financial advice community and also the broader financial services sector. The winners will be announced in London on 10th October 2018.
Tony Larkins, Managing Director of Beacon Wealth Management Ltd, commented; “I am very pleased 3 members of the team have been nominated they are an asset to The Company, they all work extremely hard and deserve the awards they have been nominated for, I wish them all the best to win.”
East Of England Financial Advisers 2017
Beacon Wealth Management Ltd, have done it again. For the 6th year running Beacon have been crowned one of the best Financial Adviser Companies in the East of England, announced on Wednesday 11th January, in London.
The award ceremony held in London, was recognised and attended by, the best financial planning companies and individuals throughout the UK.
The selection process was in-depth and they were judged on factors that included professional qualifications, the overall efficiency of their business model and continual enhancement for clients.
This acknowledgement comes just a few months after the firm was recognised in Citywire’s Top 100 IFAs in the UK which recognises prominent leaders and outstanding achievements in the UK financial advice community, and a few days before being announced as a finalist for ‘Best Client Engagement Award’ by the Professional Adviser Awards, to be held Thursday 9th February, in London.
Tony commented, “I feel very proud that Beacon are continually recognised as one of the best financial adviser companies in the East of England. It is a testament to our team’s hard work, and dedication to ensuring our clients receive the best possible service. There are exciting times ahead for Beacon Wealth Group this year, and this award has given us a great boost for the start of 2017.”