Beacon Pointe Acquires Altavista Wealth Management

INVESTMENT MANAGEMENT DEALS BLOG

February 24, 2022

On February 10, 2022, Beacon Pointe Advisors, LLC announced that it had acquired Altavista Wealth Management, Inc.

Under the terms of the transaction, Beacon Pointe Advisors, LLC (“Beacon Pointe”) acquired Altavista Wealth Management, Inc. (“Altavista”).  Altavista’s Dan Akers and Kyle Boyd will become Partners and Managing Directors at Beacon Pointe. Eight other Altavista team members will also join Beacon Pointe. The transaction closed on February 1st. Further terms of the deal were not disclosed.

Beacon Pointe, based in Newport Beach, California, is a registered investment adviser that helps clients determine investment goals, establish asset allocation guidelines, evaluate fund performance, screen investment managers for selection, and develop strategic financial plans. Beacon Pointe has roughly $24 billion in total client assets.

Altavista, based in Asheville, North Carolina, is a registered investment advisor that has approximately $700 million in assets under advisement.

To read the press release: please click here.