Leadership Team Attends this year’s Charles Schwab IMPACT 2018 Conference in Washington, D.C.

Several professionals from Beacon Pointe’s Leadership Team were active participants at this year’s Charles Schwab IMPACT 2018 Conference in Washington, D.C. this past October.  IMPACT is the most widely attending RIA conference focused on growth-oriented firms looking to capitalize on new opportunities.

Beacon Pointe, as one of the largest, independent RIAs in the country and one of the firms of the study group Alliances for RIAs, was represented on stage by firm partner, Matthew Cooper.  Matt was one of three panelists in “The Road to a Multi-Billion Dollar Firm: Pushing Past Challenges and Setbacks” session.

The overarching session theme showcased how advisors can significantly expand their business by avoiding common setbacks and taking advantage of key resources that foster growth. Many advisors hope to increase the size of their firms, but don’t have a clear idea of the obstacles they’re likely to encounter during growth, or how to overcome them. The panel of RIA M&A experts from large firms including that of Beacon Pointe discussed a variety of approaches—including internal succession and inorganic growth—that can help firms hoping to manage more than a billion dollars in assets.

Matt Cooper specifically touched on the following insights:

  • Focusing on unique abilities and delegating your weaknesses to those who are strong in the areas where you are weak
  • Firms must grow at 20% per year to provide opportunity to their teams
  • Determine whether you are the sales guy or the propeller head and stay in your strongest role
  • Have P&L discipline
  • Develop a professional compensation plan
  • Hire slow, fire fast

Key areas on how to support scaling a business and anticipating challenges were also covered during this jam-packed, standing room only session. It was a wonderful opportunity for our leadership team to teach and learn from other industry professionals.

About Beacon Pointe:

Beacon Pointe is one of the largest independent Registered Investment Advisory firms (RIAs) in the nation working with institutions, defined contribution plans, individuals and families. We provide full service financial planning and research driven investments allowing our clients to make important and informed strategic decisions. We are 100% employee-owned and we accept no fees from the investment managers we recommend to our clients. This ensures our fiduciary duty is upheld and our clients’ best interests are the driving force in our relationship.

Our mission is to provide comprehensive, objective investment advice and financial guidance that is focused on asset preservation and enhancement through the implementation of sophisticated investment strategies and the selection of what we believe to be superior investment managers.


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