$637M AUMStrategic acquisitionFinancial ServicesCompleted
Beacon Pointe acquires pilot-focused ACT Wealth Management
Newport Beach-based Beacon Pointe Advisors acquired ACT Wealth Management, with offices in Allen, Texas, and Raleigh, North Carolina, and about $637 million in AUM. ACT specializes in serving airline pilots and crew. The deal brings Beacon Pointe to roughly $71 billion in assets under advisement. Terms were not disclosed.
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