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Financial Advisory  + RIAs & Financial Advisors  | 
Beacon Pointe Enters the Empire State with Acquisition of $1B RIA YorkBridge

Beacon Pointe Enters the Empire State with Acquisition of $1B RIA YorkBridge 

Beacon Pointe Advisors has acquired YorkBridge Wealth Partners, a seven-year-old registered investment advisor (RIA) with approximately $1 billion in assets focused on high-net-worth clients with offices in New York City and Bridgehampton, NY. 

The financial terms of the transaction were not disclosed. The deal marks the largest acquisition of 2023 for the female-led Newport Beach, CA-based RIA. 

“We entered the tri-state marketplace with our (Summit, NJ-based) Heller Wealth partnership in 2019, and we are excited to expand the Beacon Pointe family of offices in New York,” said Beacon Pointe President, Matt Cooper. 

Carrie Gallaway and Andrew Stern will join Beacon Pointe as partners and managing directors, bringing three advisors and three professional staff members. 

Beacon Pointe last month announced five RIA acquisitions that added a combined $955 million in assets. Including the YorkBridge deal, the firm now manages roughly $26 billion in total client assets with 46 offices across the country. 

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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.

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