Beacon Pointe Advisors has made a sizeable pre-Veteran's Day deal announcement, revealing that it has acquired Edge Wealth Management, a New York City investment advisory firm overseeing about $905 million.
Meanwhile, Wealthspire’s Ground Control Business Management has extended its international presence yet again with London firm that serves musicians and touring acts. while a Maryland team previously with Commonwealth has joined Advisory Services Network in Maryland.
Founded in 2006, Edge Wealth Management works with high-net-worth individuals, institutions, family offices and young professionals.
With an approach centered on fixed income and equity investing, the Edge team comes from institutional and capital markets backgrounds and focuses on income generation, long-term growth and tax efficiency.
Matthew Weinberg is joining Newport Beach, California-based Beacon Pointe as a partner and managing director. Edge clients will keep working with the same team on investment management and financial planning, and will also get access to Beacon Pointe’s allWEALTH platform for retirement and estate planning, according to a Tuesday announcement from Beacon Pointe.
“That experience adds depth to our Manhattan presence,” said Beacon Pointe CEO Matt Cooper, highlighting Weinberg’s years of experience in institutional markets.
The deal lifts Beacon Pointe to roughly $72 billion in assets under advisement, with more than 850 employees across more than 95 offices. The firm is entering a new phase in its growth strategy as it bolstered its C-suite in September with a new chief growth and integration officer as well as a new chief risk and compliance officer.
Ground Control, Wealthspire’s business management division, has acquired Black Frame Consulting, a London firm that serves entertainment professionals. Black Frame specializes in music and global touring, with services including bill pay, bookkeeping, invoicing, credit control, and tax consulting and preparation.
Managing Director Amanda Barnett will continue to lead Black Frame’s seven-person team as it folds into Ground Control. She will work with Nick Parkinson, president of Ground Control’s U.K. business.
“Working in the entertainment industry brings a distinct set of financial demands, and Black Frame has experience helping clients navigate them,” said Wealthspire Chief Executive Mike LaMena.
The deal follows Ground Control’s October acquisition of London-based Atlantic Swiss, which already shares several clients with Black Frame.
Bethesda, Maryland-based Mosaic Wealth Partners, which manages more than $200 million, has joined Atlanta-based Advisory Services Network as a member firm.
Founded in 2010, ASN is an SEC-registered investment adviser that provides platform, compliance and operational support to independent advisors. it supports more than 250 advisors across upwards of 150 independent practices, with more than $11 billion in assets under management.
Read more: The pace of advisors going RIA is quickening, says Advisory Services Network’s Trey Prescott
Mosaic was previously affiliated with Commonwealth, which according to industry tracking has lost hundreds of advisors since its sale to LPL Financial.
Managing Director Eric Jaffe leads Mosaic, which builds investment strategies for retirees and pre-retirees that are designed to hold up through market volatility. Before Mosaic, Jaffe founded and ran Jaffe Financial Management. He also worked as an advisor at The Washington Group and AXA Advisors, which is now operating as Equitable Advisors.
Earlier, he practiced law for several years, including a stint at the U.S. Attorney’s Office for the District of Columbia.
Trey Prescott, director of Business Development with ASN, highlighted Jaffe's "[passion] for independence," while Jaffe pointed to ASN's "technology, custodian relationships, marketing support" as well as its commitment to "put their clients first so we can put our clients first.”
Mosaic is the 25th new group to join ASN this year and the 45th since the start of 2025.
Fund categories are a useful starting point – but they can hide meaningful differences.
New Lifetime Blend+ suite aims to help 401(k) savers build retirement income beyond traditional public market allocations.
New Lincoln Financial data reveals a critical planning disconnect that advisors are well-placed to address with clients.
Monday’s vote rejected a proposal that aimed to generate over $100B over five years.
The RIA aggregator adds a New York and Los Angeles firm serving film and TV talent as it deepens its business management bench
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
