Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
has been acquired by
Financial advisor to Private Capital Management, Inc. October 2023
Park Sutton advises Private Capital Management in Bay-Area RIA Deal
Industry: Investment Services
Type: Sell-Side M&A

New York, NY, October 24, 2023 – Park Sutton Advisors, a Waller Helms Company (“Park Sutton”) is pleased to have represented Private Capital Management, Inc. (“PCM”) on its sale to Beacon Pointe Advisors, LLC, (“BPA”) a leading Registered Investment Advisor (“RIA”) with $30 billion of assets under management (“AUM”) and headquartered in Newport Beach, California. Based in Larkspur, California, PCM is a planning-focused firm with a track record of growth.

“Partnering with Beacon Pointe was a natural choice for us,” said Joe Ramos, former PCM principal and new Beacon Pointe managing director. “We knew we needed additional support, expertise, and access to institutional-grade investments to continue our growth. Beacon Pointe's commitment to women, led by CEO Shannon Eusey, was particularly refreshing, given that over half our clients are successful women.”

“They're affiliating with our Bay Area hub down in Campbell, so this is really strategic because Marin County is at the northernmost tip of the Bay Area,” said Beacon Pointe President, Matt Cooper. “And Campbell is down by San Jose, so it kind of gives us this polarity.”

Park Sutton Director, Donald Schipf, CFA led the transaction. He commented, “This transaction reflects yet another example of how an aggregator seeks to deepen their penetration in existing markets where they have a presence. On the PCM side, Joe Ramos and his daughter, Summer, join their group of choice and simultaneously solve the firm’s long-term succession planning. We continue to see heightened interest in the California market as this marks Park Sutton’s 7th acquisition in the region and our 3rd with Beacon Pointe.”