Beacon Pointe Advisors acquires ACT Wealth Management
Allen, Texas-based wealth manager with offices in Raleigh, North Carolina, and about $637 million in assets under management, focused on airline professionals.
Beacon Pointe Advisors has acquired ACT Wealth Management, LLC, a wealth management firm with offices in Allen, Texas, and Raleigh, North Carolina. The acquisition formally closed on October 31, 2026, and brings Beacon Pointe's total assets under advisement to about $71 billion.
ACT Wealth Management was founded in 2010 by Daniel Archer, Brennan Cross and Ray Tanner, and advises on about $637 million in assets. The firm builds individualized portfolios and coordinates with accountants and attorneys. Its principals have worked with airline pilots, crew members and their families since 1996, advising on retirement benefits, distributions and Roth conversions.
Beacon Pointe CEO Matt Cooper said ACT's understanding of employer benefits and family priorities complements the firm's comprehensive approach.
Deal facts
- Target
- ACT Wealth Management
- Business
- Wealth management firm serving affluent clients nationwide, with a specialized practice for airline pilots, crew members and their families
- Buyer
- Beacon Pointe Advisors
- Deal type
- Strategic
- Headquarters
- Allen, Texas
- Advisers
- Advisor Growth Strategies adviser
- Status
- Completed
- Announced
- Tuesday, November 3, 2026
Sources
- PR NewswireNov 3, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.