On December 17, 2024, Beacon Pointe Advisors announced its acquisition of WhiteRock Wealth Management.
Beacon Pointe Advisors (“Beacon Pointe”) announced, on December 17, 2024, its acquisition of WhiteRock Wealth Management (“WhiteRock”). The WhiteRock team will join Beacon Pointe and adopt the Beacon Pointe name. The deal formally closed on November 30, 2024. Further terms of the transaction 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 2024, Beacon Pointe had $40 billion in assets under advisement.
WhiteRock, based in Dallas, Texas, is a family-owned registered investment advisor specializing in comprehensive financial planning including tax and estate planning, retirement savings, estate preparation, and broader spending guidance. As of December 2024, WhiteRock had approximately $263 million in assets under management. DeVoe & Company advised WhiteRock on this transaction.
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