In addition, Americana Partners bought NRT Consulting, Cyndeo added a Merrill team soon after Rise Growth investment, and Raymond James’ institutional unit made moves.
Beacon Pointe Advisors Acquires Two Firms Managing $695 Million
Beacon Pointe Advisors, a Newport Beach, Calif.-based registered investment adviser with approximately $62 billion in assets under management and advisement, acquired MGB Wealth Management in Addison, Texas, and Pacifica Wealth Advisors with offices in Franklin, Tenn., and Irvine, Calif., bringing with them a combined $695 million in client assets. Both firms will take on the Beacon Pointe name.
MGB Wealth Management, which manages $475 million, closed its transaction on Feb. 28, 2026, and joined Beacon Pointe’s Dallas team as the firm’s 10th partnership in the market. Pacifica Wealth Advisors, managing $220 million, closed on Feb. 15, 2026, and partnered with the firm’s Newport Beach team.
MGB, founded by Michael G. Bailey, serves high-net-worth individuals and families in the Dallas-Fort Worth area. Bailey has provided investment services for over 40 years.
“Michael Bailey and his team joining Beacon Pointe enhances our momentum in the fast-growing Dallas–Fort Worth market, an important hub for our continued expansion,” Matt Cooper, president of Beacon Pointe, said in a statement.
Pacifica Wealth Advisors founder Robert Pagliarini specializes in sudden wealth transitions, including business sales, liquidity events and inheritances.
“Robert Pagliarini’s expertise in sudden wealth transitions, coupled with his strong presence near our headquarters, creates a powerful combination for Beacon Pointe,” Shannon Eusey, CEO of Beacon Pointe, said in a statement.
The RIA, which is backed by minority stakeholder KKR, now has more than 750 team members across 90-plus offices nationwide, the company said.
Americana Partners Acquires Accounting Firm NRT Consulting
Americana Partners, a Houston-based independent wealth management firm that is part of the Dynasty Financial Partners network, acquired NRT Consulting, a financial consulting and accounting firm, marking the firm’s third acquisition following deals in March 2025 and October 2025.
The acquisition allows Americana to offer financial accounting services for clients’ operating businesses and personal holdings, including revenue tracking, income analysis, bill pay and cash flow forecasting. NRT Consulting was founded in 2018 by Chris Ginsbach, Leah Primera and Katie Rossman.
NRT’s capabilities will be integrated into Americana’s Family Office Services suite and offered as a distinct service line. Clients can engage accounting and consulting services independently of the firm’s investment advisory services.
“This acquisition reinforces Americana Partners’ commitment to building a leading family office services platform,” Ron Thacker, president of Americana Partners, said in a statement.
Americana, which is majority owned by private equity firm Lovell Minnick Partners, has over $12.1 billion in client assets among high-net-worth and ultra-high-net-worth clients in the United States, with a division serving ultra-high-net-worth Latin American clients.
Cyndeo Wealth Adds Advisor Shortly After Rise Growth Investment
Cyndeo Wealth Partners, an independent RIA with about $3.1 billion in AUM and also part of the Dynasty Financial Partners network, added veteran financial advisor Glenn Rodriguez as senior vice president and financial advisor, bringing approximately $235 million in client assets from Merrill Lynch.
Rodriguez, who has more than three decades of experience in financial services, specializes in serving widows, retirees and families navigating financial decisions. His practice spans financial planning, portfolio construction, risk management, cash flow planning and lending strategies.
The addition comes after Rise Growth Partners’ recent minority investment in the firm and expands Cyndeo’s presence in the Orlando Metro area.
Raymond James Bolsters Institutional Division
Raymond James Financial Institutions Division, which partners with banks and credit unions, added another credit union and a financial advisor to its roster.
The St. Petersburg, Fla.-based Raymond James said Addition Financial Credit Union will use the financial institutions division to support its wealth management arm. As part of the setup, Addition Financial Wealth Management will offer clients wealth management services through Raymond James Financial Services.
Lake Mary, Fla.-based Addition Financial was previously affiliated with TruStage Financial Group. It will be led by financial advisor Jay Williams, who manages approximately $213 million in client assets and previously spent more than 16 years at Truist.
Separately, Raymond James Financial Institutions said financial advisor Edward “Ed” Vollbrecht has joined affiliate Atlantic Union Financial Consultants, part of Atlantic Union Bank.
Through the arrangement, Vollbrecht will offer investment and wealth management services through Raymond James Financial Services. He had previously managed about $163 million in client assets with Truist.
AUFC now has more than 30 financial advisors across Maryland, North Carolina and Virginia.