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.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
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