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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  |  October 15, 2025
Beacon Pointe Advisors Expands Mid-Atlantic Presence with Acquisition of The Family Firm 
Joe Palmisano
By: Joe Palmisano

Beacon Pointe Advisors Expands Mid-Atlantic Presence with Acquisition of The Family Firm 

Beacon Pointe Advisors has acquired The Family Firm, an $857 million advisory practice headquartered in Bethesda, Maryland, marking the firm’s 10th acquisition of 2025 and strengthening its footprint in the Mid-Atlantic region. The deal also underscores Beacon Pointe’s dedication to female-led leadership, community engagement, and long-term client relationships. 

The Family Firm’s team of 10 professionals, led by partners Kate Fries and Stacy Bakri, will continue delivering comprehensive financial planning and investment management services to clients while gaining access to Beacon Pointe’s allWEALTH platform and national network of advisors. 

“The Family Firm’s female-led and family-rooted approach mirrors what we truly value, which is a business model that is deeply personal, community-focused, and built to last,” said Shannon Eusey, CEO of Beacon Pointe Advisors. “We are excited to join forces and continue shaping the future of wealth management together.” 

The transaction formally closed on September 15, 2025, with Alaris Acquisitions serving as the exclusive advisor to The Family Firm. 

Following the deal, Beacon Pointe Advisors now oversees approximately $49 billion in client assets, supported by a 600-member team across more than 75 offices nationwide, further cementing its position as one of the largest female-led RIAs in the country. 

Pictured l to r: Kate Fries and Stacy Bakri 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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