Beacon Pointe acquires $500 million Seattle RIA
Rainier Financial Group is the firm's first acquisition in the Pacific Northwest.
Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing more than $12 billion, has acquired Rainier Financial Group, a Seattle-based RIA managing $500 million.
The acquisition, the terms of which were not disclosed, marks Beacon Pointe’s first foray into the Pacific Northwest and its twenty-fifth office.
Joining Beacon Pointe will be Rainier’s four-person team: Grant Hartvigson, as a partner and managing director; James Simone and Kimberly Arnesen as senior wealth advisers; and Lauren Reisenauer as a client service associate.
Cyber resilience considered before White Oak lends to small firms
For reprint and licensing requests for this article, click here