Giant California RIA acquires two firms

Beacon Pointe Advisors, a Newport Beach, California-based registered investment adviser managing $10 billion, has acquired CDA Group, a Greenville, South Carolina-based RIA managing $510 million, and Essex Wealth Management, a Vero Beach, Florida, RIA managing $110 million.

[ESG Video: Making of ‘Flowers in the River’]

CDA partners Joe Schofield, Kent Giguere and Steven Bright are joining Beacon Pointe, as are Essex owners Kerstin Murphy and Michael Himmel.

[More: Beacon Pointe acquires $690 million CBD Wealth Management]

The post Giant California RIA acquires two firms appeared first on InvestmentNews.

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