Sammons Financial acquires $3 billion Ohio RIA
Dayton-based Beacon Capital Management also runs a turnkey asset management program.
Sammons Financial Group, a privately held insurer based in West Des Moines, Iowa, has acquired Beacon Capital Management, a Dayton, Ohio-based registered investment adviser and turnkey asset management program provider managing $3 billion in assets.
Sammons described the deal as a “strategic move to expand into the growing adviser marketplace.”
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The transaction is expected to close early in the second quarter.
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