Beacon Pointe Advisors Sees Significant Growth Through Major Acquisitions This Year

Beacon Pointe Advisors Sees Robust Growth Through Strategic Acquisitions

Beacon Pointe Advisors has recently announced the successful acquisition of Artemis Financial Advisors and WhiteRock Wealth Management, marking a significant milestone in the firm’s growth strategy. By welcoming these two firms into its portfolio, Beacon Pointe adds approximately $613 million in assets under management, bringing its total assets to nearly $40 billion by year-end 2024.

Expanding Presence in Key Markets

Headquartered in Newport Beach, California, Beacon Pointe has been aggressively pursuing acquisitions to bolster its market position. The Boston-based Artemis Financial Advisors, renowned for its commitment to a client-centered approach, brings in $350 million in assets. Founded with the mission of empowering clients to meet their financial ambitions, Artemis specializes in guiding retirees, affluent women, physicians, and young professionals through complex financial landscapes.

Leigh Bivings, CEO of Artemis, expressed her enthusiasm about joining forces with Beacon Pointe, highlighting the shared values between the companies. The partnership aims to enhance the personalized wealth management experience for clients across both firms while furthering their commitment to myriads of client needs.

Matt Cooper, the president of Beacon Pointe, remarked on the acquisition as a part of a broader initiative to cultivate female leadership within the financial advisory space. With the inclusion of multiple female-led firms into its ranks, Beacon Pointe continues to set an industry standard with offices spread from Boston to Southern California.

Strengthening Operations in Dallas

In addition to the Boston acquisition, Beacon Pointe has also acquired WhiteRock Wealth Management, a family-owned firm based in Dallas with $263 million in assets. Under the leadership of David Gurun, WhiteRock provides comprehensive financial services, including investment management, tax and estate planning. This strategic acquisition not only enhances the firm's asset base but also augments its services tailored for multi-generational clients.

With the ongoing expansion in the Dallas-Fort Worth area, recognized as a key growth market, Beacon Pointe's presence is set to significantly impact the local financial advisory landscape. David Gurun remarked on the alignment of WhiteRock’s values with those of Beacon Pointe, emphasizing the enhanced resources and infrastructure available to provide customers with superior service.

Celebrating Shared Values and Mission

Both Artemis and WhiteRock embody the core mission of Beacon Pointe—offering personalized, holistic wealth management services. The firm's commitment to empowering clients with extensive financial knowledge aligns well with the ethos of the newly acquired partners. Moreover, the combination of expertise and service platforms across states allows clients to receive seamless advisory services no matter where they are located.

The acquisitions were officially closed on November 30 and December 15, marking a successful year in which Beacon Pointe executed seven transactions. With over 580 employees across 64 offices nationwide, Beacon Pointe is well-positioned to continue pursuing its growth objectives.

About Beacon Pointe Advisors

As one of the leading female-led registered investment advisers in the nation, Beacon Pointe is committed to serving a diverse client base with tailored financial solutions. By leveraging its proprietary allWEALTH® approach, the firm assists clients in achieving their investment goals while ensuring a strategic alignment with their financial needs. For further information, visit www.BeaconPointe.com.