Beacon Pointe Advisors, a Newport Beach, California-based wealth manager, has acquired Benchmark Private Wealth Management from Benchmark Bank in Texas.
Benchmark’s eight staffers, who manage $600 million from offices in Dallas, Waco, Plano, Austin and Houston, “will maintain a professional third-party referral relationship with Benchmark Bank to provide wealth management, investment advisory and financial planning services to clients of the bank," Beacon Pointe said in a press release.
Terms of the acquisition were not disclosed.
The Benchmark team is led by Wayne McCullough, Keith Ferguson, Allen Ferguson and Rawles Bell, who have will all be partners at Beacon Pointe. They were joined in the move by team members Jamie Montgomery, Skylar Ricard, Olivia Costanza and Webb Mulligan.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
