The Partnership marks Beacon Pointe’s first Acquisition with a Financial institution Referral Relationship
NEWPORT BEACH, Calif., Aug. 24, 2022 /PRNewswire/ — Beacon Pointe Advisors (“Beacon Pointe”) has simply closed one other merger, this time heading again to Texas securing Benchmark Non-public Wealth Administration (“Benchmark Non-public Wealth”), which has brick and mortar places of work positioned in Dallas and Waco and serves the better DFW, Plano, Austin, Waco and Houston marketplaces.
Benchmark Non-public Wealth Administration is exclusive to earlier Beacon Pointe acquisitions in that it’s the first time procuring a wealth advisory group initially linked to a financial institution. Beacon Pointe will keep knowledgeable third-party referral relationship with Benchmark Financial institution to supply wealth administration, funding advisory, and monetary planning companies to purchasers of the financial institution. With over $600M in belongings underneath administration, Benchmark Non-public Wealth marks Beacon Pointe’s fourth acquisition in Texas and the third within the state throughout the final 12 months, following the acquisition of Rosenthal Retirement Planning in Fort Price in October 2021 and Wealthstreet Funding Advisors in Dallas in April 2021.
“We begin each shopper and enterprise relationship with belief, integrity, respect, and household,” shares Wayne McCullough, former President and Managing Associate of Benchmark Non-public Wealth, now Associate, Managing Director of Beacon Pointe, “and Beacon Pointe displays these similar core values. Because the day I stepped into the monetary companies trade I believed in a client-first, employee-second and shareholder-third mentality. This perception system has at all times served us properly and saved our purchasers’ wants on the forefront of our staff. By becoming a member of Beacon Pointe, we now can take that shopper service normal to the following degree due to Beacon Pointe’s back-office help within the areas of planning, compliance and operations that may solely improve our service efficiencies.”
The latest Beacon Pointe staff is led by Wayne McCullough, Keith Ferguson, Allen Ferguson, and Rawles Bell who’ve all turn into companions at Beacon Pointe Advisors. They’re joined by 4 skilled staff members, Jamie Montgomery, Skylar Ricard, Olivia Costanza and Webb Mulligan.
A veteran of the monetary companies trade, Wayne C. McCullough, CFP®, has over twenty years of expertise serving high-net-worth people and households. A sixth-generation Texan, Wayne obtained his bachelor’s diploma from the College of Texas and holds the Licensed Monetary Planner™ (CFP®) designation.
Keith Ferguson has over 4 a long time of expertise within the wealth administration trade. He started his personal apply, Ferguson Wealth Administration Group, in Waco, TX serving as Managing Principal earlier than merging his apply with Benchmark Non-public Wealth Administration. Keith graduated from Baylor College with a level in Enterprise Administration and is a member of St. Mark Lutheran Church, the Rotary Membership of Waco, and the Waco Enterprise League.
With over a decade of expertise within the monetary companies trade, Allen Ferguson started his profession at Wells Fargo earlier than becoming a member of Ferguson Wealth Administration Group as a monetary advisor. He then transitioned to an Affiliate Associate function at Benchmark Non-public Wealth Administration. Allen obtained his bachelor’s diploma from the College of Texas and his MBA from Baylor College with a focus in Finance. Moreover, he’s a Licensed Monetary Planner™ (CFP®) skilled.
Rawles Bell, CIMA®, started his profession as a monetary advisor at RBC Wealth Administration earlier than shifting to a shopper advisory function and Affiliate Associate at Benchmark Non-public Wealth Administration. Rawles graduated from Texas A&M College with a level in Finance and Economics and is a Licensed Funding Administration Analyst® (CIMA®) skilled.
“Beacon Pointe has seen appreciable exercise in Texas over the previous 12 months and every new staff that has joined has proven repeatedly that they’ve an intentional dedication to their purchasers,” feedback Shannon Eusey, CEO of Beacon Pointe Advisors. “We’re excited to welcome this new staff to the Beacon Pointe household, as their mindset and tradition deeply align with the values that we maintain pricey.”
“Beacon Pointe now totals 5 places of work in north Texas which actually helps us construct density within the Dallas-Fort Price metro space. I’ve recognized the Benchmark staff for 5 years and we’re happy they’re now members of Beacon Pointe Advisors – they’ll deliver a fantastic power to our progress efforts in DFW and the whole state of Texas. They’re high notch professionals,” states Matt Cooper, President of Beacon Pointe Advisors.
The transaction formally closed on June 30, 2022. Monetary phrases of the transactions weren’t disclosed.
Shannon Eusey, Matt Cooper, and Wayne McCullough can be found for interviews upon request.
About Beacon Pointe Advisors:
Beacon Pointe Advisors is a multi-billion-dollar registered funding adviser headquartered in Newport Seashore, California, with workplace places and purchasers positioned nationally. Purchasers have lengthy relied on Beacon Pointe’s skilled advisors to assist decide funding objectives, set up asset allocation tips, display funding managers for choice, consider fund efficiency, and develop strategic monetary plans via our proprietary allWEALTH® method. Our advisors’ in depth experience and robust dedication to our purchasers will be seen via quite a few awards, together with being acknowledged by Bloomberg, Forbes, Monetary Advisor Journal, CNBC, Barron’s and extra. For extra data on Beacon Pointe’s wealth advisory companies, please go to: www.beaconpointe.com.
SOURCE Beacon Pointe Advisors