KKR-backed Beacon Pointe Advisors completed the acquisition of five companies.

KKR-backed Beacon Pointe Advisors completed the acquisition of five wealth management services companies Next Generation Wealth Management, Retirement Wealth Specialists, Newport Wealth Strategies, Century Wealth Management and Southern Trust Financial Planning. Financial terms were not disclosed. "2021 was certainly an exciting year. We more than tripled our M&A efforts and we now have more than 70 incredibly engaged partners helping us continue building a premier RIA with a laser focus on serving clients and putting their needs above all else. We are very energized for the year ahead," Matt Cooper, Beacon Pointe Advisors President.