On October 4, 2021, it was announced that Beacon Pointe Advisors, L.L.C. acquired Stonegate Capital Advisors.
Under the terms of the transaction, Beacon Pointe Advisors, L.L.C. (“Beacon Pointe”) acquired Stonegate Capital Advisors (“Stonegate”). The transaction closed on September 30, 2021. Jameson Van Houten joined Beacon Pointe as partner and managing director. 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.
Stonegate, based in Scottsdale, Arizona, is a wealth advisory business serving niche clientele across numerous states, and specializes in business planning, estate, tax and asset protection planning.
To read the press release: please click here.