On October 1, 2024, Beacon Pointe Advisors announced that it acquired Bridge Advisory and Charleston Investment Advisors.
Beacon Pointe announced on October 1, 2024, that it had acquired Bridge Advisory and Charleston Investment Advisors (“Charleston Investment”). The Bridge Advisory acquisition formally closed on September 30, 2024, and the Charleston Investment transaction will close during the fourth quarter of 2024. Further terms of the transactions were not disclosed.
Beacon Pointe, based in Newport Beach, California, is a registered investment adviser offering its services to institutions, individuals, and families. As of July 2024, Beacon Pointe had $28 billion in assets under management.
Bridge Advisory, based in Pasadena, California, is a wealth management firm providing wealth management services, including financial and retirement planning and investment management. As of January 2023, Bridge had $460 million in assets under management. Hue Partners advised Bridge Advisory on the transaction.
Charleston Investment, based in Mt. Pleasant, South Carolina, is a wealth management firm offering services to high-net-worth individuals, their families, and businesses. As of September 2024, Charleston Investment had $140 million in assets under management.
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