Beacon Pointe Advisors, a Southern California-based registered investment advisory firm overseeing approximately $36 billion in assets, has acquired Joslin Capital Advisors, a Redmond, Wash.-based RIA with $775 million in client assets.
Joslin Capital is Beacon Pointe's second RIA acquisition in 2024. It acquired Keeney Financial Group in Columbia, Md., in March.
Founded in 1999 by CEO Mike Joslin, Joslin Capital has a client list that includes business owners, physicians and physician group retirement plans, technology professionals and others, as well as high net worth retirees and estate heirs. The firm's team also serves nonprofit medical associations.
“Our firm's culture has always revolved around applying the Golden Rule when working with clients and associates and providing unparalleled advice and service,” Joslin said in a statement. “After meeting with Beacon Pointe's management team and several other stakeholders, we knew there was a strong cultural fit there and that we had found our new home. Our partnership with Beacon Pointe will allow us to add unique resources and investments and planning, enabling us to grow and meet the expectations of an increasingly dynamic and technology-focused world.”
Mike Joslin has nearly 38 years of experience in the financial services industry and was a public practice CPA for seven years in Seattle prior to that. Medical Economics magazine ranked Mike as one of the top 150 physician advisors in the US from 2004 to 2009. (It no longer produces the ranking.) He also served as president of the East King County Estate Planning Council from 2008 to 2009.
Other advisors joining Beacon Pointe include Chris Bentley and David Monsees as wealth advisors and Charissa Portillo, Lori Bawden and Eric Land as client service and operational specialists.
“Mike and his team's process is based on transparency and trust, and it was clear when he first spoke with us about the close relationships he has with his clientele,” Beacon Pointe President Matt said in a statement. Cooper. “We are looking forward to digging deeper into the Seattle community with Mike's extensive knowledge, efforts and, ultimately, parallel leadership style.”
The partnership officially closed on May 31, 2024. Financial terms of the deal were not disclosed.