Atria buys Grove Point Financial from Kestra

InvestmentNews | Staff

April 18, 2023

Rockville, Maryland-based Grove Point has $15 billion in assets and roughly 400 advisors; it was known as H. Beck before Kestra acquired it in 2017.

Atria Wealth Solutions has agreed to acquire Grove Point Financial, a wealth management firm with $15 billion in assets and roughly 400 advisors, from Kestra Holdings.

Rockville, Maryland-based Grove Point was founded as H. Beck Inc. in 1986 and was acquired by Kestra in 2017.

The transaction is expected to close in the second half; terms were not disclosed.


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