Beacon Pointe Expands in Colorado

Newport Beach-based Beacon Pointe Advisors said it’s acquired Northstar Investment Advisors of Denver. Terms were not disclosed.
Northstar, which oversees more than $1 billion in assets within the Denver market, pushes Beacon Points assets under management to more than $20 billion.
"We are extremely excited to have a robust presence in the Denver marketplace,” Beacon Pointe co-founder and Chief Executive Shannon Eusey said in a statement.
After receiving a minority equity investment last year, Beacon Pointe announced plans to triple its number of offices nationwide to more than 50 in the coming years.