Beacon Pointe Advisors has been among the most vigorous acquirers of RIAs in recent months.

A $360 million wealth management firm in Massachusetts, Financially In Tune, has joined Beacon Pointe Advisors in another acquisition by the latter firm. 

Jeanne Gibson Sullivan founded the Stoneham-based business in 2011; she leads the firm alongside Philip Lee. Its move into the Beacon Pointe Group lifts the latter’s total assets to about $63 billion, a statement from Beacon Pointe said. 

The acquisition formally closed on May 1. Turkey Hill Management served as advisor to the Financially In Tune transaction, the financial terms of which were not disclosed.

Beacon Pointe’s New England presence now represents about $4.3 billion in client assets under advisement.

As reported here, Beacon Pointe Advisors topped the list of wealth managers making acquisitions in the first three months of this year, with firms announcing 70 in total in the quarter, with average AuM per deal of $2.93 billion, according to FINTRX. A separate report, from ECHELON Partners, also pointed to continued M&A vigor in wealth management in the quarter.

The article went on to note that since the start of January, Beacon Pointe Advisors has bought businesses including MGB Wealth Management, in Addison, Texas; The Financial Advisors in Massachusetts, and Financial Planning Solutions, (Newton, Massachusetts); Voyager Wealth Management (Lake Geneva, Wisconsin); InvestmentHunter Wealth Services (Fort Worth, Texas); and Litman Gregory Wealth Management, in California.