KKR is to make an investment in Beacon Pointe, the parent company to Beacon Pointe Advisors. The Beacon Pointe team will continue to own over 50 per cent of the company going forward, while Abry Partners (Abry) will fully exit its investment as a result of the transaction.
KKR’s investment will provide Beacon Pointe with growth capital to support key priorities and continue the Company’s strategy for national expansion through new office openings and acquisitions. Beacon Pointe’s brand, culture and executive leadership team will remain intact, and clients will continue to receive the same level of high-quality, high-touch and high-tech services, delivered by the same core advisory teams. With KKR’s support, Beacon Pointe will further invest in technology, personnel and employees’ professional growth, and will establish a Beacon Pointe charitable fund.
Founded in 2002, Beacon Pointe Advisors is one of the largest independent registered investment advisory (RIA) firms in the nation with over USD20 billion in assets under management and more than 110 financial advisors serving more than 10,000 clients in 27 offices across the US. Beacon Pointe’s proprietary allWEALTH approach provides clients access to institutional quality investments, strategic life and legacy planning, and impact initiatives. As the largest female-led independent RIA in the country serving foundations, retirement plans and private clients, Beacon Pointe further differentiates itself with its dedicated Women’s Advisory Institute launched in 2011 to help women reach their financial goals.
“We are particularly excited about what this strategic partnership will mean for our team, company growth and, most importantly, the services we provide to our clients,” says Beacon Pointe CEO, Shannon Eusey. “With the support of KKR’s deep experience and resources, Beacon Pointe will have the opportunity to further invest in the business and continue to expand our footprint across the nation.”
“Shannon and the Beacon Pointe team have built an incredibly dynamic, client-centric business, which we are excited to invest behind as they continue to take the company to new heights,” said Chris Harrington, KKR Partner who leads KKR’s Financial Services investment team. “With its differentiated model, thoughtful approach to growth, and exceptional focus on client experience, Beacon Pointe is well-positioned to continue gaining share and scale within the growing and highly fragmented US RIA market.”
