Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing more than $12 billion, has acquired Rainier Financial Group, a Seattle-based RIA managing $500 million.
The acquisition, the terms of which were not disclosed, marks Beacon Pointe’s first foray into the Pacific Northwest and its twenty-fifth office.
Joining Beacon Pointe will be Rainier’s four-person team: Grant Hartvigson, as a partner and managing director; James Simone and Kimberly Arnesen as senior wealth advisers; and Lauren Reisenauer as a client service associate.
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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