Giant California RIA acquires two firms

Giant California RIA acquires two firms

Beacon Pointe Advisors adds CDA Group, based in Greenville, South Carolina, and Essex Asset Management, in Vero Beach, Florida.

Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing $10 billion, has acquired CDA Group, a Greenville, South Carolina-based RIA managing $510 million, and Essex Wealth Management, a Vero Beach, Florida, RIA managing $110 million.

[ESG Video: Making of ‘Flowers in the River’]

CDA partners Joe Schofield, Kent Giguere and Steven Bright are joining Beacon Pointe, as are Essex owners Kerstin Murphy and Michael Himmel.

[More: Beacon Pointe acquires $690 million CBD Wealth Management]

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