Abry Partners to invest in Beacon Pointe Advisors.

Private equity firm Abry Partners agreed to invest in Beacon Pointe Advisors, one of the largest independent registered investment advisory firms in the US. Financial terms were not disclosed. "We look forward to partnering with Shannon [Eusey], Matt [Cooper] and the entire Beacon Pointe management team to support the Company’s next phase of growth. We have been impressed by Beacon Pointe’s performance to-date, including its track record of successful acquisitions and the quality of its advice and expertise. We believe the Company will continue to lead the market in providing a differentiated experience for its clients and advisors," Azra Kanji, Abry Senior Partner.