Beacon Pointe Buys Edge Wealth Management
The New York City advisory firm, which oversees about $905 million, joins Beacon Pointe Advisors as the Newport Beach-based wealth manager expands its footprint.
Updated on Nov. 10, 2026 in Financial Planning
Beacon Pointe Advisors has acquired Edge Wealth Management, a New York City investment advisory firm overseeing about $905 million in assets. Matthew Weinberg is joining Beacon Pointe as a partner and managing director.
Why it matters
The deal extends Beacon Pointe's presence in the New York City market, where Edge clients will keep working with the same team while gaining access to additional retirement and estate planning tools. It also reflects continued consolidation among independent wealth management firms.
Edge Wealth Management oversees about $905 million, roughly 1.3% of Beacon Pointe's approximately $72 billion in assets under advisement. The purchase price and deal terms were not disclosed.
The players
Beacon Pointe Advisors
Beacon Pointe Advisors is a Newport Beach, California wealth management firm with roughly $72 billion in assets under advisement and more than 850 employees across more than 95 offices.
Edge Wealth Management
Edge Wealth Management is a New York City investment advisory firm that oversees about $905 million in client assets.
Matthew Weinberg
Matthew Weinberg is joining Beacon Pointe Advisors as a partner and managing director following the Edge acquisition.
The details
Beacon Pointe, headquartered in Newport Beach, California, acquired Edge, a New York City investment advisory firm. Edge clients will continue working with the same team on investment management and financial planning, and will gain access to Beacon Pointe's allWEALTH platform for retirement and estate planning.
Timeline
November 10, 2026: Beacon Pointe announced the Edge Wealth Management acquisition.
September 2026: Beacon Pointe added a chief growth and integration officer and a chief risk officer.
Market Dynamics
Acquisitions like this one add to a continuing pattern of independent advisory firms joining larger platforms to gain scale and shared operating infrastructure. The same pattern is visible in Advisory Services Network's addition of Mosaic, the 25th new group to join it this year and the 45th since the start of 2025.
Edge clients will keep their existing advisory team for investment management and financial planning. They will also gain access to Beacon Pointe's allWEALTH platform for retirement and estate planning tools.
The takeaway
Clients of an acquired advisory firm should review whether their current team, fees and planning tools remain the same after a transition. Asking the firm for a written summary of any changes can clarify what the new platform offers.
Further reading
For more on how advisory firms plan for client retirement and estate needs, see Financial Planning.
