In LA Story, Founder of $300M RIA Sells to SEIA, Where She Began Career

$14.2B Los Angeles RIA Signature Estate & Investment Advisors (SEIA) has agreed to acquire Beverly Investment Advisors, bringing Beverly founder Canon Prince back to where she began her career over two decades ago.

In a statement announcing the deal, Prince said the move was not only driven by access to new growth opportunities and platform and technology support but also “enables [her] to put a strong succession plan in place.” According to Prince’s BrokerCheck profile, she began her career in 2001 before striking out in 2002 to found Beverly, which offers asset management, retirement planning, and pension consulting services. 

In its most recent Form ADV filing, dated June 12, SEIA reported managing a total of $14.2B in client assets, with the majority – $11.6B – from high-net-worth individuals. The firm operates 23 offices nationwide, and its most recent acquisition was the purchase of $2B Cleveland-based RIA Cedar Brook Group, which was announced in April and closed in June.

Source: https://www.globenewswire.com/news-release/2024/12/04/2991542/0/en/Advisor-Returns-to-Signature-Estate-Investment-Advisors-SEIA-Decades-Later-After-Building-Successful-Independent-Practice.html