Beacon Pointe Advisors has acquired The Family Firm, enhancing its assets under management to approximately $49 billion and strengthening its presence in the mid-Atlantic region.

Information on the Target

Beacon Pointe Advisors has announced its acquisition of The Family Firm, a registered investment advisory (RIA) based in Bethesda, Maryland. The Family Firm, led by partners Kate Fries and Stacy Bakri, manages assets totaling approximately $857 million. This strategic acquisition marks an important milestone for Beacon Pointe, increasing its total asset management to around $49 billion and reinforcing its commitment to expanding its portfolio through strategic mergers and acquisitions.

Founded in 1983, The Family Firm is known for its personalized financial advisory services. With a dedicated team of 10 professionals joining the Beacon Pointe family, the firm’s leadership is optimistic that this partnership will enhance client experiences. According to Bakri, the partnership with Beacon Pointe is largely based on its understanding of the distinct challenges faced by independent advisory firms and its unwavering commitment to client service.

Industry Overview in the Target’s Specific Country

The financial advisory industry in the United States is experiencing significant growth, fueled by an increasing number of individuals seeking expert financial guidance in the ever-evolving economic landscape. As of 2025, the industry