KKR’s investment will provide Beacon Pointe with growth capital to support key priorities and pursue the company’s national expansion strategy through new office openings and acquisitions. Beacon Pointe’s brand, culture and leadership team will remain intact, and clients will continue to receive the same level of high-quality, tactile and high-tech services, delivered by the same core advisory teams. With the support of KKR, Beacon Pointe will invest more in technology, people and employee professional growth, and create a Beacon Pointe charity fund.

Founded in 2002, Beacon Pointe Advisors is one of the largest independent investment advisory firms (RIAs) registered in the country with more than $ 20 billion in assets under management and more than 110 financial advisors serving more than 10,000 clients in 27 offices in the United States. allThe WEALTH® approach enables clients to access quality institutional investments, strategic life and legacy planning and impact initiatives. As the nation’s largest independent women-led RIA serving foundations, pension plans and private clients, Beacon Pointe sets itself further apart with its dedicated women’s advisory institute launched in 2011 to help women achieve their goals. financial goals.

“We are particularly excited about what this strategic partnership will mean for our team, the growth of the business and, most importantly, the services we provide to our clients,” said the CEO of Beacon Pointe, Shannon Eusey. “With the support of KKR’s vast experience and resources, Beacon Pointe will have the opportunity to further invest in the business and continue to expand our footprint across the country. “

“Shannon and the team at Beacon Pointe have built an incredibly dynamic, customer-centric business in which we are delighted to invest as they continue to propel the business to new heights,” said Chris Harrington, KKR Partner who leads the KKR Financial Services investment team. “With its differentiated model, thoughtful approach to growth and exceptional focus on customer experience, Beacon Pointe is well positioned to continue to gain market share and scale in the growing and highly fragmented US market. the air. “

KKR’s investment comes during a period of significant growth for Beacon Pointe. Over the past 18 months, the Company has experienced growth of 10 billion dollars in assets under management and almost doubled its professional workforce.

“It’s really something to rethink our humble roots when we founded Beacon Pointe twenty years ago,” commented Garth Flint, co-founder of Beacon Pointe Advisors. “I am very happy to see our institutional origins and our entrepreneurial spirit still intact thanks to our continued growth. We have amazing people at Beacon Pointe, and they are amazing people who have a tremendous impact on creating positive and lasting customer experiences.

Commie Stevens, Practice Director at Beacon Pointe, said: “We are grateful to Abry for their support as a primary investor in our business and we are very excited about a bright future with our new strategic partner. , KKR.

With eight acquisitions already closed in 2021 and several more expected to close before the end of the year, Beacon Pointe is on track for its busiest year yet. The company has extensive plans for expansion and continued growth which it hopes to accelerate with the support of KKR.

“We have a remarkable level of organic growth and acquisition-based growth at Beacon Pointe, and we know that a growing business is one that provides our clients with a superior service experience, greater professional development opportunities. for our team and the opportunity to have an even greater positive impact in our communities. It is with this in mind that the successful evolution of our business now makes an ideal time to fuel our next chapter of growth, ”said Matt Cooper, president of Beacon Pointe Advisors.

KKR invests in Beacon Pointe as part of its North American private equity strategy. The transaction is expected to be finalized before the end of the year, subject to customary closing conditions.

Goldman Sachs & Co. LLC has been the exclusive financial advisor to Beacon Pointe and Alston & Bird LLP has been the legal advisor to the company. Ardea Partners LP has been financial advisor to KKR and Kirkland & Ellis LLP has been legal advisor to KKR.

About Beacon Pointe Advisors:
Beacon Pointe Advisors is a registered investment advisor headquartered in Newport Beach, California, with offices and clients located nationwide. Clients have long relied on professional advisors at Beacon Pointe to help them determine their investment objectives, establish asset allocation guidelines, select investment managers, evaluate fund performance and develop strategic financial plans through our allRICHESSE® approach. Our advisors’ broad expertise and strong commitment to our clients translate into numerous awards, including being recognized by Bloomberg, Forbes, Financial Advisor Magazine, CNBC, Barron’s and more. For more information on Beacon Pointe’s heritage advisory services, please visit: www.beaconpointe.com and on Twitter @BeaconPointeRIA, LinkedIn, Facebook and Instagram @BeaconPointeAdvisors.

About KKR:
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined approach to investing, employing world-class people and supporting the growth of its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer pension, life and reinsurance products under the leadership of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information on KKR & Co. Inc. (NYSE: KKR), please visit the KKR website at www.kkr.com and on Twitter @KKR_Co.

Media contacts
For Beacon Pointe advisors:
Allison warner, Marketing Director
949-718-1634
[email protected]

For KKR:
Julia Kosygina and Miles radcliffe trenner
212-750-8300
[email protected]

SOURCE Beacon Pointe Consultants

Related links

http://www.beaconpointe.com/


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