A private-equity firm, Abry Partners, has made a minority investment in Beacon Pointe, a Newport Beach, Calif.-based registered investment advisory firm.
The investment, whose terms were not disclosed, will facilitate the merging of Beacon Pointe’s two RIAs — Beacon Pointe Advisors and Beacon Pointe Wealth Advisors — into a single RIA called Beacon Pointe Advisors.
Abry’s investment will also support continued acquisitions by Beacon Pointe. The RIA announced Monday that it has acquired Ferrell Wealth Management of Orlando, Fla., which has more than $460 million of assets under management. With this transaction, Beacon Pointe has 16 offices and more than $11.5 billion in AUM.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
