Beacon Pointe Sets Up First Minnesota Office in $1B Acquisition

Southern California RIA Beacon Pointe has formally established its Minnesota presence with the acquisition of Lake Elmo, MN-based Landmark Wealth Management Group, the company announced in an October 16 press release.

The Landmark group operates across four offices: Lake Elmo, MN, Farmington, MN, Hudson, WI, and San Jose, CA. Its team of over 30 members, led by its former CFO/COO John Underwood, will integrate into Beacon Pointe’s network of financial professionals in a deal that closed on October 15.

Beacon Pointe said Landmark is its fifth public RIA acquisition of the year, following closely on the combined $600M deal with Bridge Advisory and Charleston Investment Advisors, as reported by Dakota on October 4. Landmark’s addition brings the RIA’s total assets under advisement to approximately $38B.

View the press release here.