# Beacon Pointe acquires ACT Wealth, adding airline professional clients URL: https://www.financialadvsr.com/article/beacon-pointe-acquires-act-wealth-adding-airline-professional-0ead74 Published: November 6, 2026 By: Vivian Cole, Deals Correspondent Section: Deals Publisher: Financial ADVSR (https://www.financialadvsr.com) Beacon Pointe Advisors has closed its acquisition of ACT Wealth Management, a firm with offices in Texas and North Carolina that serves pilots and other airline professionals, according to WealthManagement.com and the company. WealthManagement.com reported in its Deals and Moves roundup that Beacon Pointe Advisors has acquired ACT Wealth Management, LLC, a registered investment adviser with offices in Allen, Texas, and Raleigh, North Carolina. The item sat alongside several other items in the roundup, including moves by Modera, Mercer, Aprio and Robertson Stephens. This article covers only the Beacon Pointe transaction. According to a Beacon Pointe press release dated Nov. 3, 2026, the acquisition formally closed on Oct. 31, 2026. The company said the deal raises its total assets under advisement to about $71 billion and adds specialized experience serving airline professionals and their families. InvestmentNews also framed the deal as a bet on airline pilot clients and reported the same $71 billion figure. Assets under advisement is a firm-wide measure and is not the same as assets under management. The release said ACT advises on approximately $637 million in assets under management. The release said ACT was founded in 2010 by Daniel Archer, Brennan Cross and Ray Tanner Jr., and serves affluent clients nationwide. It described ACT's approach as centering on understanding each client's circumstances, building individualized investment portfolios and coordinating with accountants, attorneys and other professionals. WealthManagement.com reported, citing BrokerCheck, that the three founders had worked together at a Dallas firm called True North Advisors. SEC adviser records list ACT under CRD 155131, with SEC registration effective Oct. 22, 2010. Its Form ADV Part 2A brochure, dated March 2024, places its headquarters at One Bethany East in Allen, Texas. Third-party databases report differing regulatory AUM figures, including $460.9 million as of Feb. 26, 2025 in one and $568.8 million from the most recent Form ADV in another. Ownership also varies across sources, so this article does not state it. WealthManagement.com described Beacon Pointe as based in Newport Beach, California, with 95 offices, and reported that its employees hold the majority stake while the private equity firm KKR holds a minority interest. The company's October 2026 release cited more than 90 offices, so office counts differ by source. In February 2026 Beacon Pointe said Matthew Cooper had been named Chief Executive Officer, succeeding co-founder Shannon Eusey, who moved to chair of the board. RIA Biz reported that Eusey had tripled the company's size in five years before stepping down as CEO. Yahoo Finance reported that KKR's investment was announced in November 2021, and Financial Planning said Eusey co-founded the firm in 2002. The deal continues a steady pace of acquisitions. InvestmentNews reported that eight Beacon Pointe deals were logged in the first half of 2026, placing it second behind Savant Wealth Management in Fidelity's tally. Wealth Solutions Report said Beacon Pointe announced three acquisitions in October 2026, of WorthPointe Financial Planners, Silver Lake Capital Partners and R Meier Wealth Management, which together managed approximately $1.35 billion in client AUM. It also reported that the firm's 2026 total reached nine before the ACT deal, compared with 16 in 2025. Family Wealth Report said Beacon Pointe ranked first among wealth managers that bought firms during the opening quarter of the year. WealthManagement.com reported that Advisor Growth Strategies advised ACT on the transaction. InvestmentNews cited the 2026 RIA Deal Room report from Advisor Growth Strategies, which said RIAs with $500 million to $5 billion in assets are under pressure. The sources reviewed do not say whether ACT's offices, staff or client service model will change under Beacon Pointe, and none reports a timetable beyond the closing date. Industry coverage of the deal has focused on its client niche and on Beacon Pointe's overall acquisition volume. Readers tracking the deal should check the Form ADV filings for ACT and Beacon Pointe once they are updated, since the regulatory AUM and ownership figures across databases currently disagree. Key facts: - Acquisition closed Oct. 31, 2026, according to Beacon Pointe's Nov. 3 press release - ACT advises on approximately $637 million in assets under management, per the release - Beacon Pointe total assets under advisement rise to about $71 billion, per the release - ACT was founded in 2010 by Daniel Archer, Brennan Cross and Ray Tanner Jr. - ACT's SEC registration was effective Oct. 22, 2010, under CRD 155131 Why it matters: For advisors weighing a move, the deal shows acquirers building practices around specific professional client groups rather than broad markets. Team leaders and firm executives may read the pace of Beacon Pointe's acquisitions as a signal of how consolidators are competing for smaller RIAs. The differing AUM and ownership figures across databases also underline the value of checking current Form ADV filings before drawing conclusions. Sources: - WealthManagement.com: https://www.wealthmanagement.com/ria-news/deals-moves-beacon-point-acquires-ria-focused-on-airline-workers - investmentnews.com: https://www.investmentnews.com/ria-news/beacon-pointe-buys-637m-act-wealth-in-bet-on-airline-pilot-clients/268859 - finance.yahoo.com: https://finance.yahoo.com/news/beacon-pointe-acquires-1-2b-182855751.html - wealthsolutionsreport.com: https://www.wealthsolutionsreport.com/wsria-roundup-wealth-enhancement-concurrent-beacon-pointe-latigo-and-more/ - prnewswire.com: https://www.prnewswire.com/news-releases/beacon-pointe-advisors-acquires-act-wealth-management-expanding-services-for-pilots-and-airline-professionals-302927291.html - prnewswire.com: https://www.prnewswire.com/news-releases/beacon-pointe-advisors-builds-on-national-momentum-with-latest-ria-acquisitions-302907661.html