Advisor sells $300M firm after 22 years to return to where she started her career

Advisor sells $300M firm after 22 years to return to where she started her career
Beverly Hills firm serves clients including those in entertainment industry.
DEC 05, 2024

For a financial advisor with wealthy Hollywood clients, Canon Price knows about the importance of a strong story arc. And she’s hoping to have crafted a blockbuster sequel.

Having started her financial services career more than two decades ago at Signature Estate & Investment Advisors, Price has returned to the nationwide RIA after it acquired the firm she has spent all those years building.

Price’s Beverly Investment Advisors is a $300 million AUA practice with a client base including those in the entertainment industry, business owners, attorneys, and medical professionals. For SEIA the acquisition of the firm and the return of one of its alumni is an exciting plot twist.

"It's a rewarding experience to see someone you mentored early in their career return to the firm after two decades of success, said Brian Holmes, CEO of SEIA. “Canon is one of our industry’s most respected advisors, and we’re thrilled to have her bring that wealth of experience back to SEIA. It speaks volumes about our shared values and commitment to excellence that she's chosen to rejoin us, and I’m confident that Canon will play a pivotal role in our continued growth and innovation."

For Price, rejoining the firm where she started out was a pivotal moment, and the decision to sell her firm was driven by her continued desire to best serve her clients.

"Over the years, I've been dedicated to offering personalized and accessible financial guidance, especially to women and Spanish-speaking clients, and that mission remains unchanged. I see myself as a caretaker for my clients, and by returning to a larger firm, I can focus even more on what matters most—my clients—without the operational demands of running an independent practice,” she said.

Price is also thinking longer term.

“Becoming part of SEIA again also enables me to put a strong succession plan in place, helping to ensure my clients will continue to receive the same dedicated care and attention for generations to come,” she added.

Latest News

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership
Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership

The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.

DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.

Trump ‘Crypto Week’ advances as house conservatives end blockade
Trump ‘Crypto Week’ advances as house conservatives end blockade

Hardliners give way to pressure to approve consideration of bills.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.