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Rockville’s Grove Point Financial acquired by Atria Wealth Solutions
Rockville’s Grove Point Financial acquired by Atria Wealth Solutions
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Atria Wealth Solutions Inc., a multi-channel wealth management holding company, completed the acquisition of Grove Point Financial LLC, a Rockville-based independent wealth management firm.
Atria entered into a definitive agreement to acquire Grove Point Financial on April 18. Terms of the deal were not closed. Grove Point was founded in 1984 as H. Beck Inc. and acquired by Kestra Holdings in 2017.
The acquisition of Grove Point brings approximately 400 independent financial professionals with $15 billion of assets under administration to Atria, which now serves close to 2,700 financial professionals with nearly $120 billion of assets under administration.
Grove Point Financial joins CUSO Financial Services, Sorrento Pacific Financial, Cadaret Grant, NEXT Financial Group, Western International Securities and SCF Securities as an Atria subsidiary.
