Beacon Pointe Announces New $150M AUM Philadelphia Office: 2nd Merger in 3 Months

Newport Beach, California – January 10, 2017 – Beacon Pointe Wealth Advisors (BPWA), a comprehensive wealth advisory firm, announces their most recent merger. Walden Capital Advisors, a Philadelphia-based RIA with a team of five currently managing $150M, officially merged into Beacon Pointe as of January 1st, 2017.  This is the second M&A transaction for BPWA in the past three months.

Jill Broder Steinberg, founder of Walden Capital Advisors, brings more than 30 years of investment advisory and investment banking experience to Beacon Pointe. Jill holds a degree in economics from Princeton University and an MBA from the Wharton School of the University of Pennsylvania. Along with this extensive background, Jill serves on boards and investment committees for several local non-profits (including Live Like Blaine, a nonprofit founded in her daughter’s honor). She was selected six times as a Five Star Wealth Manager and published in Philadelphia magazine.

Beacon Pointe is a firm that breaks industry demographic stereotypes with an employee base that is more than 50% women, of which many are in leadership roles within the company and the majority of the firm’s department heads are women. “Jill and her colleagues are phenomenal assets to the Beacon Pointe Team – their culture, their philosophical approach to client service and focus on financial planning resonate extremely well with our firm’s approach. We have a lot of talent joining the Beacon Pointe Family – smart, driven people with bright futures ahead of them and we are very excited to have them on board,” states Matt Cooper – President of BPWA.

In addition to Jill Steinberg, MBA, Bryan Moylan, CFP® joins Beacon Pointe as a Wealth Advisor, Stephanie Vogt, CFA as an Associate Wealth Advisor and Fran Gibson joins as Client Service Manager.

Jill states, “We are extremely excited to join forces with the talented Beacon Pointe team and leverage the firm’s supportive resources to further enhance our clients’ experiences. Our passion for serving and empowering female investors is also an important mission of Beacon Pointe, and our team is very excited about the alignment of philosophies and approaches to helping all clients achieve their financial and life goals.”

With Walden Capital Advisors merging into BPWA, Beacon Pointe now has additional presence on the East coast, continuing the firm’s expansion across the United States. Jill and her team will be working with clients located within the general Philadelphia region, including Central and Southern New Jersey. The merger of Walden Capital Advisors will bring BPWA total assets under management to over $2 Billion.

About the Beacon Family of Companies

Beacon Pointe Wealth Advisors (BPWA) is a national enterprise building partnership dedicated to helping wealth advisors grow their businesses throughout the country.  Through shared ownership and affiliation with Beacon Pointe Advisors (BPA), one of the nation’s largest independent Registered Investment Advisors (RIAs), Beacon Pointe Wealth Advisors allows its partners to leverage BPA’s resources and is able to deliver a distinctive investment approach comprised of some of the country’s leading investment managers.  Beacon Pointe Advisors’ mission is to provide highly professional, comprehensive and objective investment and financial advice for both institutions and wealthy families.  The Beacon Pointe family of companies, including BPA and BPWA, have over $9.5 billion in combined assets under management (AUM for BPA ($7.5B), AUA for BPA ($530M), and BPWA ($1.5B) as of 3/31/16).  For more information on Beacon Pointe please visit Twitter: @BPWealthAdvisor


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