Beacon Pointe Advisors, a Newport Beach, California-based registered investment advisory firm managing more than $12 billion, has acquired Dallas-based D.R. Saur Financial, which manages $230 million.
D.R. Saur was founded almost 28 years ago by Dan and Lisa Saur. It will be merged into Beacon Pointe’s existing office in Plano, Texas. In addition to Mr. Saur, five of the firm's employees will be joining Beacon Pointe.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
