Beacon Pointe names Matt Cooper CEO as co-founder Shannon Eusey moves to board chair

Beacon Pointe Advisors is implementing a leadership transition that elevates longtime president Matthew Cooper to chief executive officer while co-founder Shannon Eusey steps into the role of board chair.

In a change intended to support its next stage of growth and strategic oversight, the Newport Beach, California-based RIA said Cooper assumes the CEO position effective immediately, succeeding Eusey, who has led the company since its founding and guided its rise into one of the nation’s largest fiduciary wealth management firms.

According to the firm, the transition reflects a planned evolution of responsibilities, enabling Eusey to concentrate more fully on governance and long-term vision while continuing to play an active role in shaping Beacon Pointe’s direction.

“I am excited to step into the role of Chair of the Board and to continue serving in a new capacity that allows me to focus even more on vision, governance, and strategic stewardship,” said Eusey. “Beacon Pointe's strength has always been its people and its foundation of fiduciary responsibility. This transition is a thoughtful and personal decision, and I look forward to supporting Matt and our exceptional leadership team as Beacon Pointe enters its next chapter.”

Eusey co-founded Beacon Pointe more than 20 years ago and helped grow the firm from an emerging advisory business into a national wealth management platform known for fiduciary planning and advisor partnerships. It also became the largest female-owned RIA in the US.

During her tenure as CEO, the company expanded its national presence, strengthened institutional consulting services and reinforced a culture centered on client-focused advice.

Cooper brings more than a decade of leadership experience to the role after serving 15 years as president. The firm credited him with advancing acquisition initiatives, recruiting advisors and strengthening partnerships that fueled Beacon Pointe’s expansion across the country.

“It is a privilege to assume the role of Chief Executive Officer and build upon the extraordinary foundation Shannon has created,” Cooper said. “Her vision, integrity, and leadership have shaped Beacon Pointe into the firm that it is today. I look forward to continuing to further our mission of delivering independent, client-first advice while driving thoughtful growth and innovation alongside an outstanding team of leaders across the organization.”

Commie Stevens, board member and chief wealth planning officer, described the leadership change as reinforcing stability and continuity.

“Shannon's influence on Beacon Pointe is immeasurable, Matt's leadership over the past fifteen years has been instrumental to the Company's success, and the strength of Beacon Pointe's leadership team provides tremendous confidence in the future. This transition represents both continuity and momentum, ensuring Beacon Pointe remains exceptionally well positioned for the years ahead.”

Beacon Pointe Advisors recently added another $1.2 billion to its approximately $60 billion AUM and about $2.5 billion in AUA as of late January, serving clients nationwide through offices across the United States.