Beacon Pointe Acquires Northstar

INVESTMENT MANAGEMENT DEALS BLOG

September 23, 2021

On August 17, 2021, Beacon Pointe Advisors, LLC announced its acquisition of Northstar Investment Advisors LLC.

Under the terms of the transaction, Beacon Pointe Advisors, LLC (“Beacon Pointe”) acquired Northstar Investment Advisors LLC (“Northstar”). Northstar’s Fred Taylor, Bob Van Wetter and Charlie Farrell will join Beacon Pointe as partners and managing directors.  The transaction closed on August 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. Beacon Pointe has approximately $20 billion in assets under advisement.

Northstar, based in Denver, Colorado, is a registered investment adviser with approximately $1 billion in assets under management.

To read the press release: please click here.