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Deals Of The Day: The Latest In Wealth Management M&A – Beacon Pointe

Editorial Staff, February 11, 2022

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The latest mergers, acquisitions and other corporate transactions in the North American wealth management sector.

Beacon Pointe Advisors, based in Newport Beach, California, has partnered with Altavista Wealth Management, a firm with offices in Asheville and Charlotte, North Carolina. The firm, which has more than $700 million in assets under management, is the third Carolinas business to partner with Beacon Pointe in the past 14 months.

The Altavista team is led by Dan Akers and Kyle Boyd, who both become partners and managing directors at Beacon Pointe. In addition to Akers and Boyd, eight other professionals make up the teams that will be folding into Beacon Pointe.

“Having already established offices in North Carolina last year through our partnership with DMJ Wealth Advisors, we are excited to cover even more territory in the state,” Matt Cooper, president, Beacon Pointe Advisors, said. 

Altavista was founded in 2003. 

Akers, who has more than 30 years of experience in the financial services industry, began his career as trust officer of Wachovia Trust Services and previously served as vice president for Merrill Lynch Trust Company of North Carolina. 

Kyle Boyd, who has over three decades of experience in the financial services industry. began his career as vice president and regional manager of Trust Services at Wachovia Bank. He then served as senior vice president and chief trust officer for Merrill Lynch Trust Company before making his way to president of Boys, Arnold Trust Company. 

Advisor Growth Strategies served as the advisor to Altavista Wealth Management throughout their RIA partnership selection process. The Altavista transaction closed on February 1.  Financial terms of the partnership were not disclosed.

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