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imageSouthern California-based Beacon Pointe Wealth Advisors has added Santa Barbara-based Pacific Pointe to its roster, making it the fifth firm in Beacon Pointe’s growing stable, and the fourth in California.

The Santa Barbara-based wealth manager said in a statement that it is “actively looking to expand” and is interested in growth-oriented RIAs with $100 million to $300 million in assets under management.

Pacific Pointe has approximately $175 million in assets under management. Beacon Pointe has set a growth goal of one deal per quarter for the next 10 years, and, in addition to its California base, says it is also in negotiations with firms in Denver, Boston and Richmond, Va. *

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