Beacon Hill in the News

Beacon Hill Private Wealth is regularly asked to contribute to conversations that shape the financial landscape. Our evidence-based perspective on investing, retirement readiness, tax-efficient planning, and wealth management has been featured in leading national financial publications.

Below are selected media mentions featuring insights from our founder, Tomas Geoghegan, CFP®, CIMA®, CPWA®, RMA®.

Reuters | December 4, 2025

Can “Trump Accounts” Boost Savings for Lower-Income Americans?

In this Reuters analysis of the newly proposed “Trump Accounts” program — a federal initiative designed to seed investment accounts for children with government and philanthropic contributions — Tomas Geoghegan offered perspective on how real-world savings behavior may ultimately determine the program’s effectiveness.

Tomas commented on the behavioral impact of early contributions, emphasizing that structural nudges matter, but long-term outcomes depend on consistent family engagement:

“The real impact will come from whether families develop the habit of contributing regularly,” said Geoghegan.

Later in the article, Tomas noted that practical implementation details could significantly influence whether the program is accessible or overly complex for households:

“Those operational details will determine whether the accounts feel straightforward or burdensome,” he said.

👉 Read the full article on Reuters

Reuters is an independent third-party news organization. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by Reuters is implied. All quotes appear in their original form and context as published.

NerdWallet | November 26, 2025

Thanksgiving Debt Regrets: How to Recover If You Overspend

In this NerdWallet article on managing holiday overspending, Tomas Geoghegan shared guidance on how to prevent short-term spending decisions from undermining long-term financial goals. He emphasized that overspending is not tied to income level — a behavioral reality that affects households across the wealth spectrum:

“It doesn’t really matter if you’re making five figures, high six figures or even seven figures,” Geoghegan said. “People just tend to get out over their skis and then that guilt comes in.”

Tomas also highlighted how unchecked holiday debt can derail bigger planning priorities, especially education savings:

“We don’t want people to be in a situation where they’re having to cut back on the 529,” he said.

Later in the piece, Tomas underscored the value of setting flexible limits rather than obsessing over detailed budgets as the holiday season unfolds:

“The goal isn’t a perfect budget,” Geoghegan said. “It’s stopping a spiral. A single number for gifts, travel and gatherings tends to work better than tracking every line item.”

👉 Read the full article on NerdWallet

NerdWallet is an independent third-party publisher. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by NerdWallet is implied. All quotes are shown in their original form and context as published.

Kiplinger | November 22, 2025

I Walked Away from a Stable Mid-Career Job — Here’s the Retirement Math Behind That Decision

In this Kiplinger feature examining the financial and emotional impact of stepping away from a steady career — whether voluntarily or due to job loss — Tomas Geoghegan offered practical guidance on how workers can protect their long-term retirement outlook during periods of transition.

Tomas emphasized the role that smart account structure and tax-efficient savings vehicles can play when replacing lost contributions or rebuilding after a career pivot:

“Roll over old employer plans if it improves investment access or lowers fees. And if you pick up contract or consulting work, remember that a solo 401(k) can offer extremely high contribution limits and help you close the gap faster,” said Geoghegan.

He also underscored the behavioral side of financial recovery, noting that early progress and clarity matter as much as numerical precision:

“Behaviorally, momentum is just as important as math,” he said.

👉 Read the full article on Kiplinger

Kiplinger is an independent third-party publication. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by Kiplinger is implied. All quotes are shown in their original form and context as published.

CNBC | November 20, 2025

What to Know if You’re Nearing Age 65 With an HSA: Some Retirees Have ‘Meaningful’ Balances

In this CNBC feature exploring how retirees can most effectively use Health Savings Accounts (HSAs) as they approach Medicare enrollment, Tomas Geoghegan discussed why more clients are entering retirement with sizable HSA balances — and how those funds can play a strategic role in tax planning:

“More retirees are sitting on meaningful HSA balances without a clear plan for how to use them most effectively,” said Geoghegan.

Tomas also highlighted how HSAs can serve as a flexible tax-management tool for retirees, especially when coordinating withdrawals with Roth conversions or higher-income years:

“This gives retirees more control over their taxable income in high-income years or when coordinating with Roth conversions,” he said.

👉 Read the full article on CNBC

CNBC is an independent third-party publisher. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by CNBC is implied. All quotes are shown in their original form and context as published.

Bloomberg | November 11, 2025

A Parent’s Guide to Paying for College — Without the Debt

In an in-depth feature on the rising cost of higher education and strategies families can use to minimize borrowing, Bloomberg highlighted Tomas Geoghegan’s guidance on how to evaluate 529 plans and make smarter, tax-efficient funding decisions. Tomas emphasized the importance of comparing state tax benefits, plan expenses, and investment options—especially as costs continue to escalate at both public and private institutions:

“For families eligible for a strong state deduction, like in NY or NJ, the local plan may still make sense despite higher fees,” he said.

Tomas also addressed how investment strategy should evolve as college approaches:

“By 17, it’s about protecting the balance, not chasing returns,” Geoghegan noted, underscoring the importance of managing risk in the final years before tuition bills arrive.

For parents seeking greater flexibility or wanting to balance conservative and aggressive allocations, Tomas highlighted advanced strategies that some families use when managing multiple 529 accounts:

“For clients feeling FOMO, I sometimes suggest opening a second 529 with a small balance for a more aggressive allocation, while keeping the main fund conservative.”

👉 Read the full article on Bloomberg

Bloomberg is an independent third-party publication. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by Bloomberg is implied. All quotes appear in their original form and context as published.

Bloomberg | April 22, 2025

Parents Counting on 529 Plans to Pay for College Feel Market Pain

In a discussion about how market volatility affects families saving for college, Tomas highlighted the importance of disciplined contributions and long-term perspective for younger savers:

“It’s never easy to commit more money when the news feels negative, but that’s often when long-term investors have the most to gain,” Geoghegan said. “These families can benefit from lower valuations, dollar-cost averaging, and the compounding effect of time.”

👉 Read the full article on Bloomberg

Bloomberg | March 13, 2025

Baby Boomers Face Lasting Retirement Hit in Extended Stock Rout

Tomas offered perspective on the risk retirees face when withdrawals occur during early market downturns:

“Early losses while withdrawing funds can severely impact a portfolio’s longevity,” said Geoghegan. “It’s one of the biggest but most underappreciated risks in retirement.”

👉 Read the full article on Bloomberg

Barron’s | July 25, 2022

It’s a Good Time to Rebalance Portfolios. This Nifty Tool Can Help.

The article explores how direct indexing can enhance tax efficiency, charitable gifting strategies, and customization. Tomas shared how the approach benefits clients with legacy holdings or concentrated positions:

“[Direct indexing] is a great way to transition out of legacy holdings in a tax-efficient way,” he said, noting it also supports better gifting strategies and diversification for those with concentrated stock positions.

He added, “If you try to impose too many restrictions on a set of investments, it can be hard to find the right ESG fund to meet the clients’ needs.” With direct indexing, advisors can craft portfolios that align more precisely with clients' values—without the unwanted baggage often found in traditional ESG funds.

👉 Read the full article on Barron’s

Barron’s is an independent third-party publication. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by Barron’s is implied. All quotes appear in their original form and context as published.

Robb Report | June 19, 2021

Everything You Need to Know About Choosing a Wealth Advisor

In a feature examining how affluent families evaluate advisory firms, Tomas discussed the level of specialization often required for ultra-high-net-worth clients:

“The CFP designation is table-stakes, but UHNW (ultra-high-net-worth) families need advisors with advanced post-CFP planning credentials, such as the Certified Private Wealth Advisor (CPWA) or Certified Investment Management Analyst (CIMA), which are attained by fewer than 3 percent of advisors,” said Geoghegan.

👉 Read the full article on Robb Report

Robb Report is an independent third-party publication. Beacon Hill Private Wealth did not pay for inclusion, and no endorsement by Robb Report is implied. All quotes appear in their original form and context as published.

Beacon Hill Private Wealth Launches in Summit, N.J.

Tomas Geoghegan, CFP, MBA, a former Merrill Lynch and Morgan Stanley executive, develops an independent firm designed for high net worth and family office clients. The firm is supported by BAM Advisor Services, a leading turnkey asset management provider.

SUMMIT, N.J. AND ST. LOUIS, MO. (PRWEB) FEBRUARY 02, 2017

BAM Advisor Services (‘BAM’), a leading turnkey asset management provider, today announced the launch of Beacon Hill Private Wealth, LLC (‘Beacon Hill’), an independent Registered Investment Advisor based in Summit, N.J., and led by former Merrill Lynch and Morgan Stanley executive Tomas Geoghegan. Beacon Hill was designed as a forward-thinking, independent advisory firm, replacing the usual Wall Street hype with high-touch wealth management, retirement planning and evidence-based investing.

“I spent many years understanding the needs of wealthy families, developing solutions to meet those needs, as well as training advisors on how to deliver a consistent client experience,” shared Tom Geoghegan, Founder and Private Wealth Advisor, Beacon Hill Private Wealth. “It has been a dream of mine to take all that experience, together with the support of BAM Advisor Services, to design what I believe is a model that better meets client needs – a model that starts with placing client interests first.” Beacon Hill Private Wealth was designed to deliver a family office experience to clients, starting with a dynamic planning process that adapts to changes in life circumstances and clear, evidence-based, smart investing. Evidence-Based investing is a highly disciplined approach to investment management that combines historical data and seeks to filter through noise, information, hype and emotion about the unknowable future in order to make investment decisions grounded in facts, logic and reason.

Tom Geoghegan brings a 20-year track record as an accomplished wealth management and private banking executive with leadership positions in strategy, client experience and the development and deployment of investment management and banking products. Most recently as an executive at Merrill Lynch and Morgan Stanley, he provided solutions to meet the needs of high net worth clients and trained those considered to be elite advisory teams on how to best serve these clients. Mr. Geoghegan is a CERTIFIED FINANCIAL PLANNER™ practitioner with a Master of Business Administration from the Stern School of Business at New York University and a bachelor’s degree in chemical engineering.

Beacon Hill Private Wealth is supported by BAM Advisor Services and proud to become a member of The BAM ALLIANCE, an active community of more than 140 fiduciary, independent wealth management firms serving more than 18,000 clients and their families throughout the country and managing more than $27.6 billion of collective assets (as of Sept. 30, 2016). As a member of The BAM ALLIANCE, Beacon Hill has access to industry-leading tools to better serve clients behind the scenes, as well as educational resources pooled from the collective experience of like-minded advisors, analysts, researchers, writers and educators that make up BAM’s national community.

“Tom’s years of experience in the wirehouses has given him a unique view of the set of solutions and capabilities that will best meet the needs of discerning clients,” explained Adam Birenbaum, Chief Executive Officer for BAM Advisor Services. “We are proud he chose BAM and an evidence-based investment approach, and look forward to supporting him as he develops client relationships and grows Beacon Hill Private Wealth.”

About Beacon Hill Private Wealth, LLC
Beacon Hill Private Wealth is an independent private wealth management firm located in Summit, N.J. Founded in 2016, Beacon Hill Private Wealth provides wealth planning and evidence-based investment solutions to high net worth and family office clients. For more information, please visit http://www.beaconhillprivatewealth.com.

About the BAM ALLIANCE
The BAM ALLIANCE is a community of more than 140 independent wealth management firms located throughout the United States. Detailed information regarding The BAM ALLIANCE’s distinct approach to wealth management along with an array of published articles and educational materials may be found at http://www.TheBAMALLIANCE.com.

BAM Advisor Services launches New Jersey-based RIA

2 Feb, 2017 | 09:53

BAM Advisor Services LLC launched Beacon Hill Private Wealth LLC, a Summit, N.J.-based registered investment adviser.

Former Merrill Lynch and Morgan Stanley executive Tomas Geoghegan is the founder of Beacon Hill Private Wealth.

Beacon Hill Private Wealth offers wealth planning and investment solutions to high net worth and family office clients.

BAM Advisor Services launches new investment advisory firm in New Jersey

February 3, 2017 (Last Updated April 4th, 2017 13:18)

American asset manager BAM Advisor Services has introduced a new independent registered investment advisory firm Beacon Hill Private Wealth (BHPW) in Summit, New Jersey.

Led by former Merrill Lynch and Morgan Stanley executive Tomas Geoghegan, the new independent advisor will provide wealth management, retirement planning and evidence-based investing.

At Merrill Lynch and Morgan Stanley, Geoghegan was responsible for providing solutions to meet the needs of HNW customers.

He has more than 20 years of experience as a wealth management and private banking executive with leadership positions in strategy, client experience and the development and deployment of investment management and banking products.

BAM Advisor Services CEO Adam Birenbaum said: "Tom's years of experience in the wirehouses has given him a unique view of the set of solutions and capabilities that will best meet the needs of discerning clients. We are proud he chose BAM and an evidence-based investment approach, and look forward to supporting him as he develops client relationships and grows Beacon Hill Private Wealth."

Announcement: New York University, Stern School of Business Alumni magazine (Fall 2017) (additional)

2019 Summer Internship: Delbarton School's DelEX Externship Program

Summit, NJ Police Athletic League

Disclosure

The media mentions above are for informational purposes only and do not constitute a testimonial or endorsement of Beacon Hill Private Wealth. Beacon Hill Private Wealth did not pay for inclusion in any third-party publication. All quotes are drawn from publicly available articles and shown in their original context. Beacon Hill Private Wealth is not affiliated with, and has not been endorsed by, any third-party publication referenced on this page.