Sammons Financial Group, a privately held insurer based in West Des Moines, Iowa, has acquired Beacon Capital Management, a Dayton, Ohio-based registered investment adviser and turnkey asset management program provider managing $3 billion in assets.
Sammons described the deal as a “strategic move to expand into the growing adviser marketplace.”
[More: TAMPs consolidate to compete]
The transaction is expected to close early in the second quarter.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
