Beacon Pointe Acquires $360M Women-Led Firm in Massachusetts

Beacon Pointe Advisors has expanded its East Coast footprint with the acquisition of a women-led wealth management firm that oversees about $360 million in total client assets. 

Stoneham, MA-based Financially In Tune, founded in 2011 by Jeanne Gibson Sullivan, offers “comprehensive” financial planning, portfolio management, and wealth management services. 

The team, which officially joined Beacon Pointe on May 1, also includes principals and wealth managers Philip Lee and Jennifer Kundrot and operations manager Mandy Magee, per the firm’s website. 

The firm also marks Beacon Pointe’s sixth addition in Massachusetts, following the firm’s acquisition of The Financial Advisors, which manages roughly $1.2 billion in assets under management. 

The addition also pushes Beacon Pointe’s New England client assets under advisement to about $4.3 billion, the firm said. 

“Over the past 15 years, we have been committed to offering financial planning solutions tailored to each individual’s unique situation, concerns, and perspectives,” Sullivan said. “We provide straightforward, no-frills investment portfolios. As our firm grew, we came to recognize the importance of partnering with a firm that would allow us to expand the resources available to our clients and our team.” 

The team, which centers its services on financial education and guidance, also joined Beacon Pointe because its services align with the firm’s Women’s Advisory Institute,Beacon Pointe said. 

Beacon Pointe Advisors oversees about $63 billion in client assets under advisement, across 93 offices, the firm said.

Pictured: Financially In Tune