The following press release was published by CityBiz on November 3, 2026.
Beacon Pointe Advisors has acquired ACT Wealth Management, a registered investment advisory firm with offices in Allen, Texas, and Raleigh, North Carolina, expanding its wealth management platform and adding specialized financial planning services for airline professionals.
The transaction, which closed October 31, 2026, adds approximately $637 million in assets under management and brings Beacon Pointe’s total assets under advisement to approximately $71 billion.
Financial terms of the acquisition were not disclosed.
Founded in 2010 by Daniel E. Archer Jr., Brennan G. Cross and Ray B. Tanner Jr., ACT Wealth Management provides investment management and financial planning services to affluent individuals and families nationwide.
The firm’s principals have worked with airline pilots, crew members and their families since 1996, developing expertise in the retirement benefits and financial planning considerations specific to the aviation industry.
ACT advises airline professionals on employer-sponsored retirement plans, early retirement decisions, required minimum distributions, Roth IRA conversions and retirement income strategies.
The acquisition integrates ACT’s specialized advisory capabilities with Beacon Pointe’s national wealth management platform, which provides investment management, estate and legacy planning, and other financial advisory services.
“ACT brings experience with a client community whose retirement decisions require a close understanding of both employer benefits and broader family priorities,” said Matt Cooper, CEO of Beacon Pointe Advisors.
“That perspective complements our comprehensive approach to wealth management.”
Archer, a partner and managing director at ACT, said the combination will allow the firm to offer additional financial planning resources while maintaining its existing client relationships.
“Beacon Pointe gives us the resources and expertise to do exactly that while preserving the personal relationships and dedicated service that have always defined ACT Wealth Management,” Archer said.
The acquisition also expands Beacon Pointe’s presence in Texas and North Carolina, adding advisory professionals with longstanding relationships in the airline industry.
Advisor Growth Strategies advised ACT Wealth Management on the transaction.
Following the acquisition, Beacon Pointe oversees approximately $71 billion in client assets under advisement, with more than 850 employees across over 95 offices nationwide.