Companies  

Beacon bags third business award

On 1 November, Beacon won the Hunt Post’s Business Development award, as well as the Small Business of the Year award.

Tony Larkins, managing director of Beacon Wealth Management, said the awards reflected his firm’s commitment to using auto-enrolment to make inroads into companies and gain new individual and corporate clients, as well as its growth during the first year post-RDR

According to Mr Larkins, the business development award was categorised as a proven ability to improve performance or prospects through making the most of opportunities available.

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He said recent opportunities, including auto-enrolment, has helped the firm “embrace the change”, setting up a new department dedicated to workplace pensions.

In October, the firm announced that it had won the Most Promising New Business Award in the East of England 2013.

The awards were selected by the Chamber of Commerce and Beacon Wealth Management was the only company in Cambridgeshire to be shortlisted for any of the awards.

Mr Larkins said: “The awards truly show how much Beacon stands out and how adaptive we can be with the changing financial environment. To win three prestigious awards is fantastic and I am proud of the company and team members.”

Its recent successes come as the firm hired another client account manager to join its team. New recruit Leigh Eeles has a background in health.

During 2013, Beacon has employed six new team members including Ms Eeles and has two more members joining before the year is out.

IFA comments

Earlier this year, Malcolm Streatfield, chief executive of the Lighthouse Group, said auto-enrolment was proving to be a huge opportunity to get advisers through the doors to gain individual clients.

Lee Travis, chief executive of SimplyBiz’s New Model Business Academy, said that as staging dates for small and medium-sized firms loom on the horizon, advisers could be missing a chance to turn company directors who initially seek auto-enrolment advice into new clients.

Background

Beacon was founded in 2010 and was using RDR-style charging structures from the start.

In October 2013, Beacon Wealth Management officially opened its new offices in Kimbolton, Cambridgeshire, in a renovated chapel.

Beacon is also looking to expand its service offering to include wills, trusts and conveyancing in the near future