Beacon Pointe Acquires $905 Million Edge Wealth to Deepen Manhattan Presence
Updated
Updated · InvestmentNews · Nov 10
Beacon Pointe Acquires $905 Million Edge Wealth to Deepen Manhattan Presence
2 articles · Updated · InvestmentNews · Nov 10
Summary
Beacon Pointe bought New York City-based Edge Wealth Management, adding a firm that oversees about $905 million and bringing Edge founder Matthew Weinberg in as partner and managing director.
Edge clients will keep their existing advisory team while gaining access to Beacon Pointe’s allWEALTH retirement and estate-planning platform, a structure aimed at preserving continuity as the buyer expands services.
The acquisition lifts Newport Beach-based Beacon Pointe to roughly $72 billion in assets under advisement, with more than 850 employees across over 95 offices.
The deal fits a broader growth push already underway at Beacon Pointe, which added a chief growth and integration officer and a chief risk and compliance officer in September.
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