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RIA News: Edelman Buys CA RIA, Beacon Pointe Merger, Alera Adds $1.5 Bln
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The #1 independent advisory firm in the country Edelman Financial Engines is buying Smart Investor in California. The RIA manages $680 million for hundreds of clients and also offers retirement plan management to small businesses.
Turning to another top RIA, Beacon Pointe just closed another merger. The female-led firm is joining forces with Benchmark Private Wealth Management in Texas. This marks Beacon Pointe's fourth acquisition in Texas, but its first-ever deal with a wealth advisory group initially connected to a bank.
Finally, Alera Group Wealth Services is adding $1.5 billion to its AUM through the acquisition of Johnson Brunetti. The retirement and investment specialist is based in Connecticut with eight offices in the northeast and one in Atlanta.
Turning to another top RIA, Beacon Pointe just closed another merger. The female-led firm is joining forces with Benchmark Private Wealth Management in Texas. This marks Beacon Pointe's fourth acquisition in Texas, but its first-ever deal with a wealth advisory group initially connected to a bank.
Finally, Alera Group Wealth Services is adding $1.5 billion to its AUM through the acquisition of Johnson Brunetti. The retirement and investment specialist is based in Connecticut with eight offices in the northeast and one in Atlanta.
