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Financial Advisory  + RIAs & Financial Advisors  |  April 17, 2023
Beacon Pointe Enters the Empire State with Acquisition of $1B RIA YorkBridge
Joe Palmisano
By: Joe Palmisano

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 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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