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Private Wealth Daily
NewsM&A

Beacon Pointe closes $637M ACT Wealth deal for pilot clients

The Oct. 31 close lifts Beacon Pointe's assets under advisement to about $71 billion after eight first-half acquisitions by Fidelity's count.

$637MACT Wealth Management's assets, acquired by Beacon Pointe

By the M&A desk3 min read

At a glance

  1. The deal lifts the Newport Beach, California-based RIA's assets under advisement to about $71 billion.
  2. ACT's pilot clients will move onto Beacon Pointe's allWEALTH planning framework, where their decisions on airline retirement benefits, early versus traditional retirement and distribution timing will run through the larger platform's planning process.
  3. The deal follows eight Beacon Pointe acquisitions in the first half of 2026, second to Savant Wealth Management's nine, by Fidelity's count.

Beacon Pointe Advisors closed its purchase of ACT Wealth Management, a $637 million firm serving airline pilots and their families, on Oct. 31, according to InvestmentNews. The deal lifts the Newport Beach, California-based RIA's assets under advisement to about $71 billion. Terms were not disclosed.

ACT's pilot clients will move onto Beacon Pointe's allWEALTH planning framework, where their decisions on airline retirement benefits, early versus traditional retirement and distribution timing will run through the larger platform's planning process. ACT was founded in 2010 with offices in Allen, Texas, and Raleigh, North Carolina.

The deal follows eight Beacon Pointe acquisitions in the first half of 2026, second to Savant Wealth Management's nine, by Fidelity's count. Last month Beacon Pointe disclosed three more deals that added $1.35 billion.

Reported by the M&A desk from InvestmentNews. Published . Updated Nov 3, 2026 · 3:54 p.m. ET. Corrections

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Beacon Pointe closes $637M ACT Wealth deal for pilot clients