Beacon Pointe Advisors buys California-based Wealth Design
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Newport Beach, Calif.-based Beacon Pointe Advisors LLC acquired San Jose, Calif.-based registered investment adviser Wealth Design LLC on March 1.
Financial terms of the transactions were not disclosed.
Wealth Design has $350 million of assets under management and the acquisition brings Beacon Pointe's total acquired assets under management to more than $4.1 billion.
