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Beacon Pointe Advisors Acquires Albert Heeg Investment Management Company

Mar 19, 2015, 10:06 AM
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Beacon Pointe's Institutional Consulting Services Group now also provides services to captive and commercial property and causality insurance companies

Newport Beach, California – March 16, 2015 – Beacon Pointe Advisors recently announced a formal merger with Albert Heeg Investment Management Company.

The Alameda based RIA joins Beacon Pointe Advisors Institutional Consulting Services Group which specializes in consulting to institutional clients, including foundations and endowments, healthcare organizations, educational and religious institutions, Native American organizations, corporations, and insurance companies.

Al Heeg, who served as Principal of Albert Heeg Investment Management Company, officially transitioned his practice in January 2015 and will now operate as part of Beacon Pointe’s Institutional Consulting Services. His team includes Senior Vice President, Paul Deeley and Vice President of Operations, Keith Alm.

"Al Heeg is one of the best there is in the insurance advisory business. His specialty is providing investment advice to companies that self-insure, which is a growing segment of the insurance industry. Al also has a strong understanding of the insurance business," said Garth Flint, CEO of Beacon Pointe Advisors, "And we are very excited to welcome Al to our institutional team."

Al Heeg has more than 20 years of experience servicing captive and commercial property and casualty insurance companies. His specialized services and areas of focus include the following: determining portfolio objectives, risk tolerance, and review of past risk adjusted performance; developing Investment Policy Statements and Guidelines; preservation of capital; portfolio income; conducting asset allocation studies; evaluating performance against peer groups and other pools of assets with similar objectives; providing assistance in investment accounting and reporting; compliance monitoring at the security level of the portfolio; and asset/liability modeling.

"As we searched for a potential buyer, we were looking for a partnership that could help take our business to the next level," Heeg said. "Beacon Pointe is highly regarded in the industry and is always looking to expand its practice, so there was a natural chemistry. We look forward to developing this division of the firm nationally."

Prior to establishing his own investment advisory firm, Al Heeg owned Mercury Communications after working for several years at Bell Lab as a system designer and programmer. He is actively involved with several insurance associations such as the National Association of Insurance Commissioners, the Vermont Captive Insurance Association, and the Captive Insurance Companies Association.

About Beacon Pointe Advisors:

Beacon Pointe Advisors was founded in 2002 and is now one of the largest independent investment fee-only advisory firms in the nation with over $7.5 billion in assets under management (as of 12/31/14). Beacon Pointe Advisors is headquartered in Newport Beach, California, with clients located across the country. Institutional clients have long relied on Beacon Pointe’s professional consultants to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, and evaluate fund performance. In addition to servicing the traditional institutional client, Beacon Pointe now provides specialized investment consulting services for captive and property and causality insurance companies. For more information on Beacon Pointe's Institutional Consulting Services, please visit: www.bpadvisors.com/institutions.

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