On March 1, 2023, Beacon Pointe Advisors announced it had completed five acquisitions in the preceding three months.
Beacon Pointe Advisors (“Beacon Pointe”) has acquired five registered investment advisors in the past three months, with three deals closing in late 2022, and two deals closing in early 2023. Beacon Pointe acquired Midwest Financial Advisor Group, Nexus Wealth Advisors, Pinnacle Wealth Management, Alisa Capital, and Bennicas & Associates, Inc. The transactions added approximately $1.5 billion to Beacon Pointe’s total assets under management. Financial terms of the deals were not disclosed.
Beacon Pointe, based in Newport Beach, California, is a registered investment adviser offering its services to institutions, individuals, and families. Beacon Pointe manages approximately $25 billion in client assets.
To read the article: please click here.