UBS expands its RIA platform with $3.5bn acquisition of San Francisco-based Beacon CoastExecutive summary: UBS agreed to acquire Beacon Coast for $3.5bn, adding about 1,200 advisors to its RIA business. The acquisition significantly expands UBS’s independent advisory footprint in the United States and signals continued growth in the RIA sector. UBS, Beacon Coast, and the involved financial advisers. Integration of Beacon Coast operations later this year and potential further RIA acquisitions.UBS announced that it will acquire Beacon Coast, a San Francisco‑based registered investment adviser, for $3.5 billion, consisting of $2 billion in cash and the assumption of $1.5 billion of debt. The transaction, which is expected to close later this year, will add roughly 1,200 financial advisers to UBS’s wealth‑management network. The deal reflects UBS’s strategy to deepen its presence in the U.S. independent advisory market.Connected developmentsGrowth of the RIA market and UBS entryUBS advisors moving toward independent firmsOpen the full case file on Beyond →
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