Beacon Pointe Advisors Acquires ACT Wealth Management to Expand Specialized Aviation Financial Services
Beacon Pointe Advisors has completed the acquisition of ACT Wealth Management, a firm specializing in financial services for airline professionals and their families. The deal adds approximately $637 million in assets under management (AUM) to Beacon Pointe's portfolio, bringing its total assets under advisement to roughly $71 billion. ACT Wealth Management, founded in 2010, brings niche expertise in navigating complex airline retirement benefits and distribution planning. By integrating ACT into its national framework, Beacon Pointe aims to combine specialized industry knowledge with its broader allWEALTH® wealth management platform, expanding its footprint across Texas and North Carolina.
Topics: Acquisition Assets Under Advisement Financial Services Wealth Management