Beacon Pointe Grows AUM by $613M with New Additions in Boston, Dallas

Beacon Pointe Advisors announced that it closed a double deal representing a combined $613M in additional client assets that will bring its total assets under advisement to approximately $40B at year-end.

The RIA said it acquired Artemis Financial Advisors and WhiteRock Wealth Management, managing $350M and $263M in client assets, respectively. Boston-based Artemis group is led by CEO Leigh Bivings, accompanied by wealth advisor Mark Haser and portfolio associate Maria Faleyev. The four-person WhiteRock team is led by President and CIO David Gurun and will join Beacon Pointe’s Dallas unit, which collectively manages $6B in client assets across the Dallas-Fort Worth, TX, area.

Beacon Pointe closed its transactions with WhiteRock on November 30, and with Artemis on December 15. The Newport Beach, CA-based RIA said it will have expanded its network to over 580 employees across 64 locations nationwide following the close of the acquisitions.

Written By: Dakota

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Beacon Pointe Grows AUM by $613M with New Additions in Boston, Dallas

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