Beacon Pointe’s purchase of Lake Elmo, Minnesota-based Landmark Wealth Management Group marks its fifth publicly announced RIA acquisition in 2024. Besides its headquarters in Minnesota, Landmark Wealth Management has offices in Hudson, Wisconsin, and San Jose, California.
Landmark Wealth Management specializes in working with individual clients, families, business owners and employees of companies such as 3M, Lockheed Martin and Andersen Corporation, among others. Landmark is led by Chief Financial Officer and Chief Operating Officer John Underwood, partner and wealth advisor Gary Tangwall and partner wealth advisor Todd Gillingham.
The firm has 33 other members, including: Bjorn Nesvold, Chad Broberg, Jennifer Beyl-Lee, Tom Selbo, all newly minted partners; and wealth advisors Cathy Jenson, John Levi, Kurt Haugen, Leah Brooks, Tammie Mark, and Jack McNamara.
The consulting firm and investment bank Echelon Partners found in a recent RIA M&A Deal Report that there were 241 deals announced in the first three quarters of 2024, roughly on pace with the 239 in the same period of last year. Beacon Pointe has nearly $37 billion in assets under advisement.
