OnePoint BFG Wealth Partners plans to establish a regional hub in Orlando following its acquisition of Armstrong & Sinoff Financial, an advisory firm previously affiliated with Northwestern Mutual that oversees $425 million in client assets.
Winter Park-based Armstrong & Sinoff Financial is led by partners Paul Armstrong and Adam Sinoff. OnePoint CEO Andy Schwartz has described wanting between six to eight regional hubs for OnePoint, which was known as Bleakley Financial Group before the RIA rebranded last summer.
“We're going to have hubs regionally all around the country, but we think Orlando will be definitely one of those hubs,” Schwartz told InvestmentNews. “We're having a lot of conversations with advisors in Florida, but this will be our first Orlando office. They want to grow not only on the client side, but they would like to grow the actual footprint in Orlando, and that will be our intention as well to support that both financially and with our manpower, with our growth people.”
Schwartz has set an inorganic growth target of $5 billion this year for OnePoint, which has over $15 billion in assets under management. OnePoint is headquartered in New Jersey with two existing Florida locations in St. Petersburg and Bradenton. Schwartz highlighted Naples on Florida’s west coast as a business growth focus for OnePoint.
“There's a lot of money flowing into Florida,” said Schwartz. “There's going to be more and more migration [as] New York and New Jersey continue to not necessarily be very friendly states for wealthier clients that we're interested in working with. As state income taxes stay elevated or get higher—whether its inheritance taxes, rule changes, property sales taxes being implemented particularly in New Jersey, but probably in other places, I think that's just going to continue this migration south.”
OnePoint BFG was founded in 1985 by twin brothers Scott and Andy Schwartz as a practice affiliated with Northwestern Mutual. They left the broker-dealer in 2014 to launch the RIA Bleakley Financial Group, which sold a minority stake to Joe Duran’s Rise Grow Partners.
Armstrong & Sinoff marks the latest of several Northwestern breakaway advisors to join OnePoint. Voyage Wealth Architects, a Minneapolis RIA overseeing $700 million in client assets, joined OnePoint in February. In October 2025, OnePoint announced its acquisition of Chicago-based Spahn Financial Partners, a $2 billion firm also affiliated with Northwestern Mutual.
“I did spend 30 years there, so they know us, they trust us, meaning the advisors there. So it is natural that we do get some interest from the Northwestern advisor, because they do know who we are. But we're talking to advisors from all different sources, including wirehouses, independent RIAs and other broker-dealers,” said Schwartz.
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