Beacon Pointe Adds $613M in Assets with Two Deals
Beacon Pointe Advisors has acquired Boston-based Artemis Financial Advisors and WhiteRock Wealth Management, who will be joining the existing Beacon Pointe Dallas, TX team and adding to Beacon Pointe’s collective $6 billion in assets under management in the Dallas-Fort Worth region. The two firms bring approximately $613 million in assets to Beacon Pointe, marking seven transactions for the year.
Founded by CEO Leigh Bivings, Boston-based Artemis manages $350 million in assets specializing in retirees, affluent women, physicians, young professionals, and clients navigating “life transitions and complex compensation structures.”
“Leigh Bivings is the next of several female RIA wealth management founders and CEOs who have chosen to merge with Beacon Pointe. This continues a trend of strong female leadership in major markets for Beacon Pointe, with women leaders now in Boston, Chicago, New York, Philadelphia, Dallas-Ft. Worth, Orlando, and across Southern California.”
WhiteRock Wealth Management, a family-owned RIA led by president and CIO David Gurun, oversees $263 million in assets. The firm provides tax and estate planning, retirement savings, and estate preparation.
“WhiteRock Wealth Management joining as a partner adds to the density of the booming Dallas-Fort Worth marketplace that continues to be a key area of growth for Beacon Pointe,” said CEO and founder Shannon Eusey.
The acquisitions closed on November 30 and December 15, respectively. Financial terms of the deal were not disclosed. The transactions, along with Beacon Pointe’s most recent acquisition of $1 billion Lake Elmo, MN-based Landmark Wealth Management Group in October, have grown Beacon Pointe’s assets under advisement to approximately $40 billion.
