Beacon Pointe Wealth Advisors (BPWA) has agreed to acquire Ironmark Advisors, a registered investment adviser (RIA) managing $340m in assets.
BPWA said that the acquisition increases its total assets under management to over $2bn and supports the establishment of a regional hub located in Dallas, Texas .
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“The Texas addition connects Beacon Pointe's bicoastal presence, acting as an anchor for serving clients located in the south central U.S,” BPWA said.
Ironmark Advisors founders Bo Ward and Eric Witte has joined BPWA as partners as part of the deal, along with senior wealth advisor Samuel Mitchell, operations manager Nathaniel Brown and client service manager Kris Sabo.
"Beacon Pointe brings the best resources for growth and expansion, but more importantly, they value their clients and their team. These were imperative traits that we looked for in a partner firm as we decided to focus on our next chapter of growth and better serving our clients," Ward said.
"Competition for clients and talent will only increase in the coming years. Joining Beacon Pointe gives us the scale and resources to compete and allows us to best serve our clients and grow our business both organically and in-organically," Witte said.
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