Beacon Pointe Adds Three Teams, Over $1B in Assets

Core Insights - Beacon Pointe Advisors has acquired three firms managing $1.1 billion in client assets, expanding its reach across three states [1][2] - With these acquisitions, Beacon Pointe's total client assets under advisement and management have reached $48 billion [2] - The firm aims to enhance client service through its integrated 'allWEALTH' platform, which includes comprehensive wealth management services [3] Acquisition Details - The acquired firms are Alderfer Bergen & Co. in Indiana, Moser Wealth Advisors in Washington, and Amore Ambro in New York [2][5] - Alderfer Bergen will serve as Beacon Pointe's second office in Indiana, focusing on clients in the orthopedic industry [5] - Moser Wealth Advisors specializes in tax-efficient wealth management and was founded in 2006 [5] - Amore Ambro, established in 2018, targets retirees, families, and business owners with a focus on disciplined investment strategies [5] Market Position - Beacon Pointe's recent activity has positioned it among the top acquirers in the investment advisory sector, as reported by Fidelity Investments [4] - The firm completed six acquisitions in a 60-day period, with client assets ranging from $1 billion to $210 million [3]