Beacon Pointe Advisors, a registered investment advisory firm based in Southern California and overseeing around $36 billion in assets, has acquired Joslin Capital Advisors, an RIA with $775 million in client assets, based in Redmond, Wash.
Joslin Capital is Beacon Pointe's second RIA acquisition of 2024. It acquired Keeney Financial Group in Columbia, Md., in March.
Founded in 1999 by CEO Mike Joslin, Joslin Capital has a client roster that includes business owners, physicians and physician group retirement plans, tech and other professionals, as well as high-net-worth retirees and inheritors of wealth. The firm’s team also serves non-profit medical associations.
“Our firm’s culture has always revolved around applying the Golden Rule when working with clients and co-workers and providing unparalleled advice and service," Joslin said in a statement. “After meeting with Beacon Pointe’s leadership team and several other shareholders, we knew there was a strong cultural alignment and that we had found our new home. Our partnership with Beacon Pointe will allow us to add unique and extensive investment and planning resources, enabling us to grow and meet the expectations of the increasingly dynamic, tech-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 listed Mike as one of the top 150 advisors to doctors in the U.S. 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 founded on transparency and trust, and it was evident when he first spoke with us about the close relationships he has with his clientele,” Beacon Pointe President Matt Cooper said in a statement. “We are looking forward to tapping deeper into the Seattle community with Mike’s extensive knowledge, drive, and, ultimately, paralleled leadership style.”
The partnership formally closed on May 31, 2024. The financial terms of the deal were not disclosed.