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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 
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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Beacon Pointe Advisors

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.