Press Release November 17, 2021

Beacon Pointe Receives KKR Investment

Alston & Bird client Beacon Pointe LLC, parent company of Beacon Pointe Advisors LLC, has entered into a definitive agreement with global investment firm KKR under which it will receive an investment to help continue the company’s national expansion through new office openings and acquisitions.

The Beacon Pointe team will continue to own more than 50% of the company going forward. Abry Partners, which invested in Beacon Pointe in March 2020, will exit its minority stake as a result of the KKR transaction.

Founded in 2002 and based in Newport Beach, CA, Beacon Pointe Advisors is one of the largest independent registered investment advisory firms in the nation, with over $20 billion in assets under management. Over the past 18 months, the company has grown by $10 billion in assets and has nearly doubled its professional staff.

The KKR transaction is the most recent of Alston & Bird’s many transactions for Beacon Pointe. In 2021 alone, the firm advised Beacon Pointe on eight acquisitions – DMJ Wealth Advisors, D.R. Saur Financial, Northstar Investment Advisors, Rainier Financial Group, Rosenthal Retirement Planning, Stonegate Capital Advisors, Wealthstreet Investment Advisors, and Wealth Design – that have expanded Beacon Pointe’s footprint to Arizona, Colorado, North Carolina, Texas, and Washington. 

Advising Beacon Pointe in the KKR investment is an Alston & Bird team led by partner Chris Frieden, senior associate Ian Calhoun, and associates Nathan Tyre and Jack Stephens (Financial Services & Products); partner Brian Harvel (Federal & International Tax); partner Brett Coburn (Labor & Employment); and partner Blake MacKay (Employee Benefits & Executive Compensation).
Media Contact
Nicholas Clarke
Communications Director
Phone: 212.210.1222

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