Beacon Pointe Advisors Acquires Another Wealth Manager

This marks Beacon Pointe Advisors seventh acquisition.

WhiteRock
Wealth Management, a family-owned RIA managing $263
million in assets under management, has been sold
to Beacon Pointe
Advisors, which has inked a number of acquisitions in recent
years. Beacon Pointe has more than $36 billion in assets
under management. 

WhiteRock Wealth Management, located in Dallas, specializes in
financial planning including tax and estate planning,
retirement savings, estate preparation, and broader spending
guidance.

Financial terms weren”t disclosed.

San Francisco headquartered DeVoe &
Company, an M&A consulting firm serving the wealth
management industry, advised White Rock on the transaction. 

“The depth of Beacon Pointe’s infrastructure will allow our
multi-generational clients to benefit from their
comprehensive, personalized wealth management
services,” David Gurun, president and CIO of WhiteRock said.

“The WhiteRock team is a wonderful addition in the booming
Dallas-Fort Worth marketplace that continues to be a key area of
growth for Beacon Pointe,” Shannon Eusey, Beacon Pointe’s CEO and
founder, added. “This is our seventh acquisition in the Lone Star
state; together, we’re positioned to provide an even higher level
of personalized service and meet the exciting demand of local
client growth,” she said. 

“We are thrilled to have supported WhiteRock in identifying the
ideal partner to help drive their next phase of growth,”
said David DeVoe, Founder and CEO, DeVoe & Company.
“This partnership with Beacon Pointe reflects the incredible
value WhiteRock has built over the years and their strong
commitment to their clients and team. By aligning with Beacon
Pointe, they are well-positioned to enhance their
capabilities and continue delivering exceptional service
while achieving their long-term strategic goals,” he
added. 

According to DeVoe, M&A transactions involving RIAs rose in
the third quarter of 2024 from the previous three months and have
held steady versus where they were a year ago, defying economic
volatility and a sign of consolidation momentum. The
firm reported that there were 65 transactions in
Q3 2024; data shows that M&A activity is tracking
slightly ahead of 2023 year-to-date. See more commentary
here. 

In October, Beacon Pointe Advisors acquired Bridge Advisory,
a firm with offices in Pasadena and Newport Beach, California,
and Charleston Investment Advisors in Mt Pleasant, South
Carolina.