Atria Wealth Solutions Acquires Former Kestra Firm

Atria Wealth Solutions Inc., a wealth management solutions holding company, announced the completion of its acquisition of Grove Point Financial LLC.

Atria says the acquisition of Grove Point brings approximately 400 independent financial professionals with $15 billion of assets under administration to the company.

Atria now serves close to 2,700 financial professionals with nearly $120 billion of assets under administration.

Grove Point is an independent wealth management firm that was founded in 1984 as H. Beck Inc., which was acquired by Kestra in 2017 and rebranded in 2021.

Atria says Grove Point’s financial professionals will continue to service and support their clients with no interruptions.

“Our new relationship with Grove Point will be an undeniable success for all involved,” Doug Ketterer, chief executive officer and founding partner of Atria, said. “I’ve been very fortunate to meet with many Grove Point financial professionals since announcing the acquisition, and they are truly a phenomenal group of individuals. Their passion, care and commitment to their clients is abundantly clear and palpable. It’s these driving forces that have been at the core of Atria since its inception and, when combined with the Grove Point team, it creates something unique and special.”

Atria has six broker-dealer subsidiaries: Cadaret Grant & Co. Inc., NEXT Financial Group Inc., Western International Securities Inc., SCF Securities Inc., CUSO Financial Services L.P., and Sorrento Pacific Financial LLC. Atria’s subsidiaries together support approximatley 2,700 financial professionals and nearly $120 billion of assets under administration.

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