M and A
Deals Of The Day: The Latest In Wealth Management M&A - Beacon Pointe
The latest merger and acquisition transactions in the North American wealth management industry.
Beacon Pointe
Beacon
Pointe Advisors has added a Fort Worth, Texas-based business
to its network, increasing its reach across the state.
Rosenthal Retirement Planning is the eighth new office in the Beacon Pointe network this year.
The Rosenthal team is led by husband and wife duo Burk and Alisha Rosenthal who will become partners and managing directors at Beacon Pointe Advisors. With $350 million in assets under management, Rosenthal specializes in retirement strategies for clients near retirement or already retired. In addition to Burk and Alisha Rosenthal, three advisors and four support staff from the Rosenthal team will join Beacon Pointe.
The financial terms of the transaction, which was closed on October 1, were not disclosed.
Beacon Pointe Advisors, based in California’s Newport Beach, has made a number of acquisitions. In early October it acquired Stonegate Capital Advisors – its seventh business in Arizona. The acquisition followed shortly after a deal with a Seattle-area firm.
Combined, the two offices have over $2.1 billion in AuM.
