Atria Wealth Solutions Announces Acquisition Of Independent Wealth Management Firm Grove Point Financial
Acquiring Company
Atria Wealth Solutions
Acquired Company
Grove Point Financial
New YorkFinanceFinancial ServicesFinanceLendingDescription
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.
Quick answer
Atria Wealth Solutions is acquiring Grove Point Financial, announced April 18, 2023. Atria Wealth Solutions is based in New York, New York, United States.
- How much did Atria Wealth Solutions pay for Grove Point Financial?
- The deal value was not disclosed.
- What does Atria Wealth Solutions do?
- Atria Wealth Solutions, Inc. is a wealth management solutions holding company headquartered in New York.
- Where are Atria Wealth Solutions and Grove Point Financial based?
- Atria Wealth Solutions is based in New York, New York, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Grove Point Financial?
Grove Point Financial was acquired by Atria Wealth Solutions, based in New York. The deal was reported on April 18, 2023. Atria Wealth Solutions, Inc. is a wealth management solutions holding company headquartered in New York. Atria Wealth Solutions is privately held and operates in Finance.
When did Atria Wealth Solutions acquire Grove Point Financial?
Atria Wealth Solutions's acquisition of Grove Point Financial was reported on April 18, 2023. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Grove Point Financial do?
Grove Point Financial, LLC (Grove Point) operates out of its headquarters in Rockville, Maryland. The firm provides broker-dealer and RIA services to approximately 400 financial professionals across the U.S. It is privately held, operating in Financial Services.
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