Sammons Financial Group has acquired Beacon Capital Management as the West Des Moines-based company expands its reach into the registered investment advisory services channel, the company announced this week. According to a news release, the acquisition of Dayton, Ohio-based Beacon is Sammons’ first ownership of a business line in the RIA space. The acquisition was announced in January. Beacon was founded in 2000. It had assets totaling $3.2 billion at the end of 2020. "Throughout 2020, we have concentrated efforts in building relationships with partner firms, developing products, and defining investment options for today's agent, advisor, and their clients," Esfand Dinshaw, Sammons’ chief executive officer, said in a news release. "This is the next step in our long-term growth strategy as many of our distribution partners already work with Beacon's experts." Beacon Capital Management will continue to operate as it currently does with Chris Cook leading the business line as its president and chief investment officer. All Beacon employees and contract wholesalers will become part of the Sammons Financial Group family of businesses. Sammons Financial Group has more than $118 billion in GAAP assets, and ended 2020 with over $10 billion in total premiums.