Beacon Pointe Advisors, a Newport Beach, California, registered investment adviser that manages $9.9 billion, is acquiring CBD Wealth Management, a Metairie, Louisiana-based firm managing $690 million.
This is Beacon Pointe’s second acquisition since it sold a minority ownership stake to private equity investor Abry Partners in March.
“The culture fit between Beacon Pointe and CBD is spot on,” said Matt Cooper, partner and president of Beacon Pointe.
“Our synergies are profound, and as always, we are truly excited to partner with great people,” Cooper said.
CBD brings 11 additional members to Beacon Pointe, including partners Rocky Daigle, Bobby Comeaux, and Walter Bond.
“We're really excited to leverage Beacon Pointe's infrastructure and expertise in the areas of investment management, planning, HR, compliance, marketing and operations,” Comeaux said. “As we've grown, the behind-the-scenes work was eating away at more and more of our time. This partnership will free us up to focus on what's most important -- our clients and their financial needs."
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
