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Industry Spotlight > Mergers and Acquisitions

KKR Makes Large Investment in $20B RIA Beacon Pointe

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What You Need to Know

  • Beacon Pointe, led by CEO Shannon Eusey, now includes about 110 financial advisors and $20 billion in AUM.
  • After the KKR investment, the Beacon Pointe team will still own over 50% of the firm.

RIA Beacon Pointe says it has reached a deal with KKR, which will make a large investment in the female-led RIA. After the KKR investment, the Beacon Pointe team will still own over 50% of the firm, which has about 110 financial advisors and $20 billion in client assets under management, and Abry Partners will no longer have an investment in it.

Beacon Pointe says it has grown by $10 billion in assets and nearly doubled the size of its professional staff. The Newport Beach, California-based firm has made eight acquisitions this year and expects to close several more transactions by year-end.

“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,” according to 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,” Eusey added.

Beacon Pointe Advisors was founded in 2002. Its operations now include 27 offices. It launched the Women’s Advisory Institute in 2011 to help women reach their financial goals.

“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, who leads KKR’s Financial Services investment team, in a statement. (KKR is based in New York.)

“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 U.S. RIA market,” Harrington added.

Pictured: Beacon Pointe CEO Shannon Eusey