A Foothold in the Tri-State Area: Beacon Pointe’s Largest M&A Deal to Date

Beacon Pointe Wealth Advisors Announces Merger with Heller Wealth Advisors

A Foothold in the Tri-State Area: Beacon Pointe’s Largest Deal to Date

 

Newport Beach, CA – Monday, April 1, 2019 – Beacon Pointe Wealth Advisors (BPWA), a comprehensive advisory firm and national enterprise building partnership, announces their most recent partnership with Heller Wealth Advisors, making this Beacon Pointe’s 12th merger deal to date. Heller Wealth represents clients in the Tri-State area of New York, New Jersey and Connecticut, and brings to Beacon Pointe additional members of a dynamic and forward-moving team.

“We have been looking for the right partnership for quite a while, knowing that scale would be important to us as the industry evolves towards larger or smaller players,” states Jordan Heller, Founder of Heller Wealth Advisors. “It was very difficult to find the right fit; it was not about size, but rather, we needed the right culture and focus. Beacon Pointe turned out to be ideal for our team in so many ways and we are proud to be a part of [Beacon Pointe] while running the Tri-State area and feel that the next decade is going to be very exciting.”

Jordan Heller, CFA, CFP® and Donald Hertling, CFP®, MST join Beacon Pointe as Managing Directors and Partners. Prior to entering the wealth management industry, Jordan, CEO of Heller Wealth, spent 15 years on Wall Street heading the Real Estate Finance Securities Research and Real Estate group at many of the country’s leading investment companies. He obtained his undergraduate degree from Bentley University with a B.S. in Accounting and received his MBA from The University of Chicago’s Booth School of Business. Donald Hertling, President of Heller Wealth, has more than two decades of experience in wealth management and previously spent 9 years heading a financial planning department at a regional wealth advisory firm. He received his bachelor’s degree in Business Administration from Rider University and his Master’s in Taxation from Fairleigh Dickenson University.

When asked what excited him most about the future and working with Beacon Pointe, Don from Heller Wealth remarked: “Freeing up senior management’s time in order to focus on our existing clients and growth. Also, leveraging Beacon Pointe’s robust platform of support services will allow us to reach our full potential.”

Heller Wealth Advisors joins Beacon Pointe with a professional staff of nine, including Heller and Hertling. Along with a highly educated and experienced team, Heller Wealth brings $387M in assets under management, making it the largest deal to date for Beacon Pointe thus far. “We enthusiastically welcome the Heller Wealth team into the Beacon Pointe family,” says Matt Cooper, Partner and President. “This is a huge opportunity for both Heller and Beacon Pointe, and we are excited to see the opportunities this partnership presents now and in the future. This merger continues to establish Beacon Pointe’s drive for growth and continued national expansion and, along with offices already in Philadelphia and Boston, creates another key location to service the Northeast.”

 

About Beacon Pointe’s Advisors:

The Beacon Pointe family of companies, included Beacon Pointe Advisors and Beacon Pointe Wealth Advisors, collectively has over $9 billion in assets under management (as of 12/31/18). Beacon Pointe is headquartered in Newport Beach, California, with office locations and clients located nationally. Clients have long relied on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans. For more information on Beacon Pointe’s wealth advisory services, please visit: www.beaconpointe.com.

 

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