Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser with $20 billion in assets under advisement, has acquired Northstar Investment Advisors, a Denver-based RIA overseeing $1 billion.
The leadership team at Northstar — Fred Taylor and Bob Van Wetter, who co-founded the firm in 1995, and Charlie Farrell — will become partners and managing directors at Beacon Pointe Advisors.
Terms of the transaction were not disclosed.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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