Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing $20 billion, has acquired another RIA in its hometown, Pacific Edge Advisors, which manages $678 million.
David Emmes and Heidi Benavidez of Pacific Edge will join Beacon Pointe, along with two staffers.
Terms of the acquisition were not disclosed.
[More: KKR invests in RIA Beacon Pointe]
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
