Beacon Pointe, BIP Wealth, Raymond James, Unveil 850M+ Deals

Group 1 - Beacon Pointe Advisors announced the acquisition of The Family Firm, a female-led RIA managing $857 million in assets, increasing Beacon Pointe's total assets to approximately $49 billion, marking its 10th deal of the year [2][3] - The Family Firm, founded in 1983 and led by Kate Fries and Stacy Bakri, chose Beacon Pointe for its understanding of the unique challenges faced by independent advisory firms, emphasizing the firm's commitment to client care [3] - The acquisition enhances Beacon Pointe's presence in the Washington, D.C. and Maryland regions, following its previous acquisition of Keeney Financial Group in March of the previous year [4] Group 2 - BIP Wealth has agreed to acquire Prehmus Financial Partners, a $900 million RIA based in Georgia, which will increase BIP Wealth's assets under management to over $5 billion [7] - BIP Wealth specializes in investment management and wealth planning for high-net-worth individuals and institutional clients, and the acquisition will be executed through a blended cash and equity deal [7][8] - Founded in 2007, BIP Wealth has expanded its operations into multiple locations in Georgia and recently entered the Nashville market in 2022 [8]