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Atria Wealth Solutions Announces Acquisition Of Independent Wealth Management Firm Grove Point Financial

Atria Wealth Solutions Announces Acquisition Of Independent Wealth Management Firm Grove Point Financial

04/18/23, 4:30 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Industry
finance
lending
finance
financial services
Atria Wealth Solutions, Inc. (Atria), a multi-channel wealth management holding company, announced today its definitive agreement to acquire Grove Point Financial, LLC (Grove Point). Grove Point is an independent wealth management firm founded in 1984 as H. Beck, Inc., and was acquired by Kestra Holdings (Kestra) in 2017. Based in Rockville, Maryland, Grove Point serves approximately 400 independent financial professionals with $15 billion in client assets. Upon closing, Atria's subsidiaries will collectively represent nearly 2,700 financial professionals with approximately $115 billion in assets under administration.

Company Info

Company
Atria Wealth Solutions
Location
New York, New York, United States
Company info
Atria Wealth Solutions, Inc. is a wealth management solutions holding company headquartered in New York. Established in 2017, Atria supports approximately 2,400 advisors and 150 banks and credit unions, managing approximately $100 billion of brokerage and advisory assets. Atria operates a network of broker-dealer subsidiaries focused on supporting independent financial advisors and institutions nationwide.