The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Beacon Pointe Advisors has bought Massachusetts-based The Financial Advisors, a firm with $1.2 billion of assets under management. The acquisition lifts Beacon Pointe’s AuM to about $62 billion.

The Financial Advisors was established in 1992 and has a team of 11 people; its managing director, and partner is Michael Kumph.

Beacon Pointe said its growth means that it can deliver its allWEALTH® services more broadly across the East Coast.

“This partnership represents an important step in amplifying our presence in New England, a region that continues to be strategically significant for Beacon Pointe,” Matt Cooper, president, said. 

Beacon Pointe wrapped up the acquisition on January 15; the financial terms were not disclosed.

Turkey Hill Management served as advisor to The Financial Advisors transaction. 

The move is an example of continued brisk M&A activity in North American wealth management. Wealth management industry transactions such as those involving RIAs clocked up another record last year, according to US-based ECHELON Partners, an investment bank and advisor that monitors the sector. Deal volume rose by 27.3 per cent year-over-year, the fastest growth rate in the past decade outside 2021, the firm said in its report. The 466 announced transactions in 2025 represent a 17.8 per cent compound annual growth rate since 2020.