MEMPHIS, Tenn., January 20, 2022 - Century Wealth Management (“Century Wealth”), a financial advisory firm providing family office and wealth management services, has agreed to merge its business with Beacon Pointe Advisors (“Beacon Pointe”). Headquartered in Newport Beach, Calif., Beacon Pointe is one of the nation’s largest independent registered investment advisors with 33 offices nationwide and more than 10,000 client relationships.
The acquisition of Century Wealth will bring Beacon Pointe’s assets under advisement to more than $25 billion and will provide Century Wealth’s clients with a slate of value-added services. Century Wealth founder Jay Healy joins Beacon Pointe as a managing director and partner, alongside two additional team members. He will continue to manage the Memphis office.
“The merger with Beacon Pointe expands our resources for clients and builds long-term continuity for our team,” said Century Wealth President and Founder, Jay Healy. “Beacon Pointe is a perfect fit for us, and I know our clients will continue to receive the excellent service they’ve come to know, with the added benefits of the expansive Beacon Pointe network.”
Century Wealth Management was founded by Healy in 2000 as a single-family office after the sale of a Memphis-based business. Over time, the firm expanded its offerings and grew into one of the top wealth management firms in Memphis.
“2021 was certainly an exciting year. We more than tripled our merger and acquisition efforts. We now have more than 70 incredibly engaged partners helping us build a premier RIA with a laser focus on serving clients and putting their needs above all else,” shared Matt Cooper, President of Beacon Pointe Advisors. “We are very energized for the year ahead.”
Beacon Pointe closed on its transaction with Century Wealth on December 31, 2021. Financial terms of the transaction were not disclosed.
About Beacon Pointe Advisors
Beacon Pointe Advisors is the largest female-led registered investment adviser (RIA) in the nation, headquartered in Newport Beach, California, with offices and clients located nationally. Clients have long relied on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans through our proprietary allWEALTH® approach. Our advisors’ extensive expertise and strong commitment to our clients can be seen through numerous awards, including recognition from Bloomberg, Forbes, Financial Advisor Magazine, CNBC, Barron’s and more. For more information on Beacon Pointe's wealth advisory services, please visit: www.beaconpointe.com and on Twitter @BeaconPointeRIA, LinkedIn, Facebook and Instagram @BeaconPointeAdvisors.
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Allison Warner, Chief Marketing Officer