Beers Kight Financial Advisors, LLC (Columbia)

Beers Kight Financial Advisors, LLC is a large advisory firm based in Columbia. It manages $143 million of regulatory assets for 373 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of South Carolina.

Beers Kight Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Beers Kight Financial Advisors: assets under management

The assets under management (AUM) of Beers Kight Financial Advisors, LLC is $143 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $383.39 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beers Kight Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Beers Kight Financial Advisors serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Beers Kight Financial Advisors is high net worth individuals with 106 clients and $137.81 million of assets under management. Among the 9 most similar advisory firms, Beers Kight Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $143 million for 110 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Beers Kight Financial Advisors doesn't advise any private funds.

Careers at Beers Kight Financial Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Beers Financial Llc	Member	1 Dec 2011	50% - 75%	135846
Llc Mcgregor Financial Advisors	Member	1 Dec 2011	25% - 50%	130324
Barry Tison Kight	Co-manager	1 Dec 2011	Other	2982398
Val Hain Beers	Co-manager and chief compliance officer	1 Dec 2011	Other	2406945
Barry T Kight	Co-manager	1 Dec 2011	Other	2982398

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Barry T. Kight	Member	1 May 2000	75% - 100%	57-1118905
Barry Tison Kight	Member	1 May 2000	75% - 100%	2982398
Val Hain Beers	Member	1 Mar 2002	75% - 100%	2406945

Based in Columbia

The principal office where Beers Kight Financial Advisors, LLC performs its advisory services is located at 3830 Forest Drive, Columbia, SC 29204 The mailing address of the firm is Po Box 135, Columbia, SC 29202. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 803-787-0003 or by fax 803-787-2299. The normal business hours are 9 am - 5 pm on Monday - Friday.