Another RIA is launched, showing that while some of these organizations are consolidating via M&A, others are still being created.
A team of former UBS
managers, who oversaw about $3.5 billion of client money, have
launched Beacon Coast Partners, an RIA based in San Francisco.
The business – led by founding managing partners Michael
Evans and David Jasper – specializes in founders,
executives, and early employees whose wealth is tied to a single
company and who are preparing for or have recently completed a
liquidity event.
“You can spend years building something without liquidity,
without certainty, and then everything changes at once,” Evans
said. “That transition introduces a new set of decisions, and
those decisions often carry long-term consequences. Our work is
built around helping clients navigate that moment with clarity
and structure.”
The team at Beacon Coast begins working with clients before
liquidity, when planning decisions can have the greatest impact.
The firm’s approach integrates asset allocation, cash flow
modeling, and tax and estate planning into a long-term framework
designed to evolve as circumstances change, it said in a
statement about its business model.