InvestmentNews reported on November 10 that Beacon Pointe Advisors had bought a firm with $905 million in assets. The item appeared in the outlet's RIA moves roundup. The specifics below come from Beacon Pointe's announcement, distributed through PR Newswire, along with third-party and regulatory records cited in the research for this article.
Beacon Pointe's announcement said Edge advises on approximately $905 million in client assets under management. That is an asset figure, not the purchase price. The release did not disclose what Beacon Pointe paid, and no price appeared in any source reviewed for this article. A third-party profile on the ALTSS site puts Edge's regulatory assets at about $827 million, with seven employees and five investment adviser representatives. That figure differs from the release, and this article could not check either number against Form ADV.
Edge is a registered investment adviser that has been registered since 2006, according to a third-party profile on the ALTSS site. The firm's own website says it was founded in 2006 by Matt Weinberg and Doug Spitz, and that it serves high-net-worth investors, institutions, family offices and young professionals. Edge's office is at 805 Third Avenue in New York, and the firm uses Schwab as its account custodian. Beacon Pointe said Weinberg will join as incoming Partner and Managing Director. Houlihan Lokey acted as exclusive financial adviser to Edge, and Seward & Kissel LLP acted as its legal adviser, the release said. Edge clients will keep their current team for investment management and planning, the release added.
Beacon Pointe is headquartered in Newport Beach, California. WealthManagement reported that employees hold most of the firm, and the private equity firm KKR holds a minority stake. Matt Cooper became chief executive in February 2026, succeeding co-founder Shannon Eusey, who became board chair, WealthManagement reported. The firm says it has more than 850 team members across more than 95 offices nationwide. With the Edge deal, it says its total assets under advisement rise to about $72 billion. Cooper said the Edge team's experience adds depth to the firm's Manhattan presence.
WealthManagement has described Beacon Pointe as one of the most acquisitive RIAs in the country. In January 2026, according to Yahoo Finance coverage, Beacon Pointe bought Litman Gregory Wealth Management, which had $2.7 billion in assets, from iM Global, lifting its assets to $61 billion at the time. In November 2025, the firm bought Hemington Wealth Management, a women-led RIA with $1.2 billion in client assets. WealthManagement reported that Beacon Pointe also recently bought ACT Wealth Management, a $637 million AUM firm with offices in Texas and North Carolina, taking its client assets to $71 billion. Taken together, the deals show a pattern of steady acquisitions across regions and firm sizes.
For advisers weighing a move, the release says Edge clients will keep their current team for investment management and planning, a retention point the sources describe only for this deal. The open questions are the deal terms, which the parties have not disclosed, and whether the $905 million client figure and the $827 million regulatory figure are reconciled in future filings. Readers should treat the $905 million number as the firm's own stated AUM and the $827 million number as a third-party estimate.