Beacon Pointe Advisors, a Newport Beach, California, registered investment adviser that manages $9.9 billion, is acquiring CBD Wealth Management, a Metairie, Louisiana-based firm managing $690 million.
“The culture fit between Beacon Pointe and CBD is spot on,” said Matt Cooper, partner and president of Beacon Pointe.
“Our synergies are profound, and as always, we are truly excited to partner with great people,” Cooper said.
CBD brings 11 additional members to Beacon Pointe, including partners Rocky Daigle, Bobby Comeaux, and Walter Bond.
“We’re really excited to leverage Beacon Pointe’s infrastructure and expertise in the areas of investment management, planning, HR, compliance, marketing and operations,” Comeaux said. “As we’ve grown, the behind-the-scenes work was eating away at more and more of our time. This partnership will free us up to focus on what’s most important — our clients and their financial needs.”
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As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.