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

Beacon Pointe Advisors
Beacon Pointe Advisors has acquired MGB Wealth Management, in Addison, Texas, adding to its Dallas team. It has also bought Pacifica Wealth Advisors, operating in Franklin, Tennessee and Irvine, California.

In total, the firms bring $645 million in assets, taking Beacon Pointe to about $62 billion in total assets under advisement. 

The acquisition of MGB Wealth Management formally closed on February 28 and the deal for Pacifica Wealth Advisors formally concluded on February 15. The financial terms were not disclosed.

These acquisitions come after Beacon Pointe bought Massachusetts-based The Financial Advisors, a firm with $1.2 billion of assets under management.

The Texas deal represents Beacon Pointe’s tenth partnership in Dallas, most recently following the acquisition of InvestmentHunter Wealth Services.

MGB is a $475 million AuM firm, led by its founder, Michael G Bailey. Pacifica Wealth Advisors was founded by Robert Pagliarini.

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 transactions announced in 2025 represent a 17.8 per cent compound annual growth rate since 2020.