Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing more than $12 billion, has acquired Stonegate Capital Advisors, an RIA managing $430 million in Scottsdale, Arizona.
Stonegate Capital Advisors will merge with Beacon Pointe’s existing Scottsdale office while maintaining a second location in the southern area of the Scottsdale region.
Jameson Van Houten, Stonegate’s sole principal, who founded the firm in 2002, has become the sixth partner in the Scottsdale office. Five team members join him in making the move.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
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