Beacon Pointe acquires ACT Wealth Management to deepen Raleigh presence

What's the deal? Beacon Pointe, a California-based wealth management firm, has acquired ACT Wealth Management, which runs an office in Dallas. The deal, announced in November 2026, gives Beacon Pointe a specialised practice in Raleigh. Terms were not disclosed.

What's the endgame? The acquisition expands Beacon Pointe's footprint in Raleigh, adding to its presence in the region. It folds ACT Wealth Management's capabilities into the larger firm.

The signal: The deal reflects continued consolidation in the wealth management industry, as larger firms absorb smaller independent practices to widen their geographic reach.

Read more: bizjournals.com

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