100M Assets Under Management SoCal addition joins an RIA with a CPA firm affiliate, to the BPWA family of advisors. BPWA is currently in discussions with multiple firms to join its “unified growth” model, whereby the clients and advisors simultaneously enjoy an expanded array of services. Synergy between CPA and RIA firms and their clients is the key driver of this unique transaction.
Newport Beach, CA (PRWEB) April 08, 2013
Beacon Pointe Wealth Advisors, bpwealthadvisors.com, (BPWA) a Beacon Pointe Advisors company, today announced the addition of their fourth advisor partner, $100M AUM RIA Independent Financial Advisors of Riverside, CA. The fourth deal consummated by Beacon Pointe, within a span of four months from the last transaction, further validates a partnership model that places a premium on long-term growth and sustainability. Independent Financial Advisors principals James Valmonte and Teri Parker join BPWA as Managing Directors and equity partners.
Beacon Pointe Wealth Advisors works with partner parent firm, Beacon Pointe Advisors, the $5.6 Billion RIA, to provide joining firms with instant brand synergy, access to proven processes at the retail and institutional levels, and strategies to maximize enterprise value. Advisors who join are on a growth trajectory already, and realize that their growth potential is exponentially increased with access to Beacon Pointe’s wealth of resources and economies of scale.
The addition of an RIA with a built-in CPA affiliate partnership is a mutually beneficial growth engine; it provides predictable and sustainable inbound lead flow while providing superior client service. When coupled with the Beacon Pointe Advisors wealth management program, the partnership creates a financial ecosystem for clients second to none.
“This is a firm poised to grow quickly from 100M to 250M, on a trajectory towards 1BB that we will help them to achieve” says Matt Cooper, President of Beacon Pointe. “Advisors in general are perpetually on the hunt for new business – in this case these guys were sitting on a powder keg of qualified leads and just needed the right partner/catalyst to light the fuse.”
BPWA offers joining firms the following benefits, among others:
- Leveraging the Beacon Pointe brand
- Access to Beacon Pointe’s proven best practices
- A seasoned compliance team
- A dynamic and comprehensive investment research department
- A detail oriented reporting department with best-in-class software
- Marketing and PR strategy and implementation
- Immediate, significant growth
- Enhanced enterprise value
- Security via a built-in succession plan
“Beacon Pointe Wealth Advisors was the only choice for us on so many levels” said James Valmonte, Managing Director of Independent Financial Advisors. “Because for our particular clientele, which consists of business owners and financially savvy individuals and families, any move would need to add tremendous value.”
“We’re not looking for a pot of gold in this scenario, although we are confident that in the long-term this will benefit our clients, and give us value creation options with our practice that would take too long to implement on our own” says Teri Parker, Managing Director of Independent Financial Advisors. “Our CPA partnership model appeals to Beacon Pointe, and their completely independent, holistic service model appeals to us as well.”
Beacon Pointe Wealth Advisors is actively looking to expand into the Northwest, Denver, Dallas, Boston and Connecticut markets, and aims to add 35 to 40 offices nationwide over the next 10 years.
BPWA will act opportunistically anywhere in the US should a quality partner want to join. BPWA is looking for growth focused, qualified advisors in the $100 to $300M range to join as regional partners. BPWA’s proactive path to growth benefits clients first and foremost, by empowering partner advisors to provide the best possible, truly fiduciary, custom-built financial models possible.
About the Beacon Pointe Family of Companies
Beacon Pointe Wealth Advisors is a National Enterprise Building Partnership for a select group of wealth managers/advisors throughout the country. Beacon Pointe Advisors is an independent Registered Investment Advisory (RIA) firm with a mission to provide highly professional, comprehensive, and objective investment and financial advice for both institutions and wealthy families.
Press Release Contact:
Jason Lahita FiComm Partners, LLC
Phone: 973-460-7837 Twitter: @jlahita_ficomm