Atria Wealth Solutions acquires Grove Point Financial; Pensionmark welcomes Xponential Growth Solutions; and more.

PlanAdviser | Natalie Lin

April 25, 2023

Advisory M&A: Atria Wealth Solutions Announces Acquisition of Grove Point Financial

Atria Wealth Solutions Inc., a multi-channel wealth management holding company, announced its definitive agreement to acquire Grove Point Financial LLC.

Grove Point is an independent wealth management firm founded in 1984 as H. Beck Inc. and acquired by Kestra Holdings in 2017. Based in Rockville, Maryland, Grove Point serves approximately 400 independent financial professionals with $15 billion in client assets.

Upon closing, Atria’s subsidiaries will collectively represent nearly 2,700 financial professionals with approximately $115 billion in assets under administration.

“We are thrilled to join forces with Grove Point’s financial professionals, talented executive team and employees,” said Doug Ketterer, Atria’s CEO and founding partner, in a statement.


Continue reading at PlanAdviser »