On April 20, 2021, Beacon Pointe Advisors, LLC announced its acquisition of D.R. Saur Financial, Inc.
Under the terms of the transaction, Beacon Pointe Advisors, LLC (“Beacon Pointe”) acquired D.R. Saur Financial, Inc. (“D.R. Saur”). D.R. Saur’s Dan Saur and Lisa Saur, along with five other D.R. Saur employees will join Beacon Pointe. The transaction closed on April 16, 2021. 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. As of December 2020, Beacon Pointe had approximately $11 billion in assets under management.
D.R. Saur, based in Dallas, Texas, is a registered investment adviser providing services to the niche clientele of dentists, medical doctors, business owners, pre-retirees, and high net worth individuals and families. D.R. Saur has approximately $230 million in assets under management.
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