Beacon Pointe Acquires The Financial Advisors
Beacon Pointe Advisors has acquired The Financial Advisors, LLC in Andover and Newburyport, MA, deepening the firm’s presence in the New England market.
With this strategic integration, the firm continues to steward approximately $62 billion in total assets under advisement. Beacon Pointe’s growth enables the firm to deliver allWEALTH services more broadly across the East Coast, offering clients deeper planning resources and long-term support.
Established in 1992 and headquartered in New England, the Financial Advisors has $1.2 billion in assets under management (AUM).
Partner and Managing Director, Michael Kumph, CFP, states, “Our entire team is very excited to join Beacon Pointe Advisors. We were thrilled to find a partner that values the client experience and planning process as much as our firm has for over 30 years. Joining forces with Beacon Pointe offers us a great opportunity to collaborate with new team members while focusing on our top priority – client relationships.”
Beacon Pointe President, Matt Cooper, emphasizes, “This partnership represents an important step in amplifying our presence in New England, a region that continues to be strategically significant for Beacon Pointe. We share The Financial Advisors’ approach to wealth management, which is to build long-term relationships and deliver comprehensive guidance. We’re proud to welcome this talented group who prioritize integrity, collaboration, and a high standard of client care.”
“The Financial Advisors team brings a depth of experience and disciplined planning strategy that truly complements our broader organization. What stood out was the deliberate way they’ve built their practice, grounded in an unwavering commitment to clients and supported by a sophisticated, forward-thinking service offering. We look forward to supporting their continued growth and building on that strong foundation together,” adds Beacon Pointe CEO Shannon Eusey.
The acquisition of The Financial Advisors, LLC, formally closed on January 15, 2026. Turkey Hill Management served as advisor to The Financial Advisors, LLC transaction. With this transaction, Beacon Pointe Advisors now oversees approximately $62 billion in client assets under advisement, supported by more than 750+ team members across 90+ offices nationwide.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.