Beacon Pointe and $600M Benchmark Private Wealth Management Join Forces in M&A Partnership
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Wednesday, August 24, 2022
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NEWPORT BEACH, Calif., Aug. 24, 2022 /PRNewswire/ -- Beacon Pointe Advisors ("Beacon Pointe") has just closed another merger, this time heading back to Texas securing Benchmark Private Wealth Management ("Benchmark Private Wealth"), which has brick and mortar offices located in Dallas and Waco and serves the greater DFW, Plano, Austin, Waco and Houston marketplaces.
Key Points:
- Benchmark Private Wealth Management is unique to previous Beacon Pointe acquisitions in that it is the first time procuring a wealth advisory group initially connected to a bank.
- Beacon Pointe will maintain a professional third-party referral relationship with Benchmark Bank to provide wealth management, investment advisory, and financial planning services to clients of the bank.
- "We start every client and business relationship with trust, integrity, respect, and family," shares Wayne McCullough, former President and Managing Partner of Benchmark Private Wealth, now Partner, Managing Director of Beacon Pointe, "and Beacon Pointe reflects these same core values.
- He began his own practice, Ferguson Wealth Management Group, in Waco, TX serving as Managing Principal before merging his practice with Benchmark Private Wealth Management.