Beacon Pointe is pursuing its national growth ambitions as it makes its maiden foray into the mid-Atlantic. The national RIA has announced a partnership with Keeney Financial Group, a 10-member team that manages approximately $560 million in client assets.
Located in Columbia, Maryland, Keeney Financial Group is an advisory practice run by John Keeney, its founder, along with a team of five wealth advisors and financial planners supported by a staff of four operational and client service professionals.
Keeney and his team are joining Beacon Pointe from Triad Advisors.
“Our focus for the past 25 years has been delivering innovative solutions in a concierge service model,” said Keeney, a veteran with 31 years of experience. “In Beacon Pointe, we found a partner with shared values and an aligned vision of what matters most, the client!”
Professing a passion for helping clients meet their planning, investment, and income objectives, Keeney is joining Beacon Pointe as its newest managing director and partner.
“John is a high-energy professional with a very impressive, young, and energetic team,” Matt Cooper, president of Beacon Pointe, said in a statement.
Cooper highlighted the strategic appeal of the partnership with KFG as it gives the firm a stronghold “in a very attractive and affluent locale” that’s between the Baltimore and Washington, D.C., areas.
“We're excited to support them and have them represent Beacon Pointe in the region,” he said.
Beacon Pointe’s growth trajectory over the years – which has brought it to its current size of more than $30 billion in AUM spread across more than 50 offices – includes its acquisition last year of YorkBridge, a $1 billion New York practice.
That deal was later eclipsed when it welcomed a $2 billion ultra-high-net-worth Dallas-based team from UBS, which represented Beacon Pointe’s first integration of a wirehouse breakaway team.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
