The economy of Boston is powered by the dynamics of four great industries: medicine, education, technology, and finance. Boston was one of the country's first great centers of commerce, and many of the country's first fortunes were made and managed in Boston. The Boston traditions of trusteeship, fiduciary responsibility, and investment management developed during the clipper ship era and built a foundation for financial innovations that include the mutual fund industry and modern venture capital.
The founding partners of Beacon Investment Management—Brian McKenney, John Scullin, and the late Stuart Hench—were all colleagues at the investment firm of Kidder, Peabody & Company, which traces its ancestry to a partnership formed in 1834 by a founder of the Boston Stock Exchange. Beacon's partners, who have had the privilege of working with some of Boston's most successful investment professionals and organizations, incorporate the best practices learned through this experience into the management of assets for all clients.