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Beacon Pointe Acquires Three RIA Firms With $1.35 Billion in Client Assets

Beacon Pointe Advisors says the acquisitions expand its footprint in California, Texas and Wisconsin, bringing assets under advisement to about $70 billion.

By Kenneth CorbinBeacon Pointe Advisors has made three recent acquisitions that added $1.35 billion in client assets and expanded its footprint in California, Texas, and Wisconsin. The Newport Beach, Calif., firm says its assets under advisement now stand at about $70 billion.The largest of the thr…