RIA Beacon Pointe Advisors said Tuesday that it acquired two firms, adding $695 million in client assets under management (AUM).
Beacon Pointe said it added MGB Wealth Management, in Addison, Texas, with $475 million in AUM, which joins the existing Beacon Pointe Dallas team, and Pacifica Wealth Advisors, with $220 million in AUM, in Franklin, Tennessee, and Irvine, California, partnering with Beacon Pointe’s existing Newport Beach, California, team.
The acquisition of Pacifica closed on Feb. 15 and the purchase of MGB followed on Feb. 28, Beacon Pointe said.
“They will now take on the Beacon Pointe name and branding,” a Beacon Pointe spokesperson told WSR.
Beacon Pointe has over 750 team members and more than 90 offices, it pointed out.
The latest additions enable Beacon Pointe to further extend its allWEALTH solutions to more U.S. clients, it noted.
Pacifica Wealth Advisors
Pacifica advises on retirement, investment strategy and major financial transitions, Beacon Pointe said in a news release.
“I spoke with more than fifteen fiduciary firms before making this decision,” Robert Pagliarini, Founder, Partner and Senior Wealth Advisor at Pacifica, said in the news release. “Beacon Pointe stood out from the first conversation.”
He added, “I specialize in sudden wealth — clients navigating business sales, liquidity events, inheritances — and they need more than a portfolio manager. They need tax strategy, estate planning, and legal guidance working together. Beacon Pointe has all that in-house. My clients are spread across the country, and I needed a partner with real national reach to match.”
MGB Wealth Management
Michael G. Bailey, Founder of MGB, said, “For more than 35 years, our focus has been helping clients grow and preserve their wealth while building relationships grounded in trust. Beacon Pointe shares that same client-first philosophy, and we’re excited to join a firm that enhances the resources and support available to our clients.”
“Michael Bailey and his team joining Beacon Pointe enhances our momentum in the fast-growing Dallas–Fort Worth market, an important hub for our continued expansion,” according to Matt Cooper, President of Beacon Pointe. “With this becoming our tenth acquisition in Texas, we’re excited to further elevate our personalized service and support the increasing needs of clients in the area.”
The purchase of MGB follows Beacon Pointe’s acquisition of InvestmentHunter Wealth Services in Fort Worth, Texas, that was announced in February.
In May 2025, Beacon Pointe announced that it added veteran advisor and retirement plan specialist Greg Mykytyn as part of the expansion of its retirement planning services in the Dallas-Fort Worth market.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
