OnePoint BFG Wealth Partners Snag $425M Ex-Northwestern Mutual Firm

OnePoint BFG Wealth Partners has lured a Florida-based breakaway team from Northwestern Mutual, where they managed about $425 million in assets under management. 

Orlando-based Armstrong & Sinoff Financial, founded by Paul Armstrong and Adam Sinoff, offers financial planning, retirement planning, investment management, and tax solutions to high-net-worth clients, including business owners and senior executives. 

As part of OnePoint BFG’s addition, Armstrong and Sinoff have joined the firm as partners, and Armstrong & Sinoff Financial will shift to the OnePoint BFG branding, the firm said. 

“From our first conversations, it was clear that OnePoint BFG shares our belief that sophisticated clients need a fully integrated financial plan – one that reflects the full picture of their lives,” Armstrong said. “Our approach has always been about helping clients realize they don’t have to choose between competing priorities.” 

Armstrong & Sinoff Financial marks OnePoint BFG’s second acquisition for the year, following the firm’s acquisition of Minneapolis-based RIA Voyage Wealth Architects, which manages about $700 million in total client assets and boosts the firm’s footprint across the Midwest region.

OnePoint BFG has two existing locations in Florida, in St. Petersburg and Bradenton.

In July, OnePoint BFG, formerly known as Bleakley Financial Group, rebranded as the firm emphasized the need to address the increasing demand from clients on their varying financial requirements. 

New Jersey-based OnePoint BFG Wealth Partners oversees about $15 billion in assets under management across over 28,000 accounts, according to its latest Form ADV updated on April 7.