RIA Collectors Push M&As Into Record Territory insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Sammons Financial Group Acquires Beacon Capital Management
Transaction expands company s position in registered investment advisor marketplace
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WEST DES MOINES, Iowa, April 1, 2021 /PRNewswire/ Sammons Financial Group announced it has closed on its acquisition of Beacon Capital Management – a next-generation registered investment advisory (RIA) firm and turnkey asset management program (TAMP). Announced in January, Sammons Financial Group acquired Beacon to expand into the growing advisor marketplace. Beacon is based in Dayton, Ohio. We look forward to the addition of Beacon Capital Management as we build our RIA strategy and expand outreach to this important financial services channel, said Esfand Dinshaw, chief executive officer, Sammons Financial Group. We welcome Beacon president Chris Cook and the entire Beacon team to Sammons Financial Group.
CalSTRS allocates $5.7 billion in second half of 2020
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CalSTRS committed a total of $1.8 billion to real estate and $3.9 billion to private equity including co-investments in the six months ended Dec. 31, CalSTRS reported.
Between July 1 and Dec. 31, the $282.5 billion California State Teachers Retirement System, West Sacramento, commitments included an additional $650 million to an office joint venture with Beacon Capital Management known as BCal II JV . It also committed an additional $250 million to Fairfield AHF. In 2019, CalSTRS acquired a majority interest Fairfield Residential Co. LLC from Brookfield Asset Management. Brookfield retained its investment manager interest in Fairfield s real estate funds.
CalSTRS also committed $300 million to a residential developer
Sammons Financial Group to acquire Beacon Capital Management financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.