On August 24, 2022, Beacon Pointe Advisors announced that it had acquired Benchmark Private Wealth Management.
Under the terms of the transaction, Beacon Pointe Advisors (“Beacon Pointe”) acquired Benchmark Private Wealth Management (“Benchmark”). Wayne McCullough, Keith Ferguson, Allen Ferguson, and Rawles Bell lead the new team at Beacon Pointe and are joined by Jamie Montgomery, Skylar Ricard, Olivia Costanza, and Webb Mulligan. The transaction closed on June 30, 2022. Further terms of the deal were not disclosed.
Beacon Pointe, based in California, is a registered investment adviser offering its services to institutions, individuals, and families.
Benchmark, based in Texas, is a wealth advisory firm. Benchmark had approximately $600 million in assets under management.
To read the article, please click here.