FUNDRAISING NEWS | June 05, 2024
Beacon Pointe Advisors has acquired Joslin Capital Advisors, a $775 million Registered Investment Advisor based in Redmond, Washington. This marks Beacon Pointe's second acquisition of the year.
Joslin Capital Advisors, established in 1999 by CEO Mike Joslin, serves a specialized clientele that includes physicians, physician group retirement plans, and non-profit medical associations, as well as families, retirees, and business owners. The acquisition allows Beacon Pointe, headquartered in Newport Beach, California, to strengthen its presence in the greater Seattle area, which is seen as a key growth market.
Mike Joslin will join Beacon Pointe along with two advisors, Chris Bentley and David Monsees. Additionally, three client service and operations staff members from Joslin Capital will transition to Beacon Pointe.
Beacon Pointe is actively seeking more advisors in this important growth market. The financial details of the deal, which closed on May 31, were not disclosed.
John Washington is the Data Research Analyst at Dakota.
