- Beacon Pointe Advisors of Newport Beach acquired female-founded Hemington Wealth Management (~$1.2B AUM) with offices in Falls Church, Virginia, and Chicago, closing Nov. 15, 2025.
- The deal lifts Beacon Pointe to about $55B in assets under advisement and marks its 12th acquisition of 2025 (fifth female-led team).
- Hemington co-leaders Eileen O’Connor and Jen Dawson join Beacon Pointe as partners/managing directors, aligning women-focused research and advisory platforms.
- Strategically, the acquisition expands Beacon Pointe’s East Coast footprint while raising integration and service-consistency challenges as it scales.
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The acquisition of Hemington Wealth Management (Hemington) by Beacon Pointe Advisors (Beacon Pointe) represents both strategic expansion and thematic reinforcement of Beacon Pointe’s focused acquisition path. Hemington is female-founded, co-led by Eileen O’Connor and Jen Dawson, with ~$1.2 billion under management and offices in Falls Church, VA and Chicago, IL. The acquisition closed November 15, 2025.
Beacon Pointe’s current AUA post-acquisition is approximately $55 billion. This deal is its 12th transaction in 2025 and its fifth specifically acquiring a female-led team. This underscores the firm’s growth-by-M&A approach, particularly in acquiring firms aligned with its values and targeting women-focused wealth advisors and clients.
Hemington’s specializations — serving high-net-worth individuals with a dedicated focus on women through life transitions and supporting research initiatives (Women of Wealth) — complement Beacon Pointe’s existing capabilities, especially its Women’s Advisory Institute and client-first wealth management philosophy. There is clear thematic synergy across culture, client base, leadership, and service model.
Geographically, Beacon Pointe gains or strengthens its foothold on the East Coast and in Mid-Atlantic markets via Falls Church, adding scale in jurisdictions outside its core California operations. The Chicago office adds Midwestern exposure. Strategic risk includes ensuring operational integration without diluting Hemington’s brand and relationship intimacy, which are especially critical in female-client segments and trust-based advisory relationships.
For Beacon Pointe, scaling to over 80 offices and 650+ professionals implies investments required for systems, compliance, talent retention, and consistent service delivery. The addition of Hemington adds about 16 professionals, indicating moderate size relative to Beacon Pointe’s total. Harmonizing compensation, culture, and operational models will require attention.
Open questions include the financial terms of the deal (which were not disclosed), how much of Hemington’s AUM converts into recurring revenue under Beacon Pointe’s business model, any anticipated overlap with existing Beacon Pointe offices, and whether the pace of female-led acquisitions is sustainable without compromising integration quality or mission alignment.
Supporting Notes
- Hemington Wealth Management manages approximately $1.2 billion in assets under management and operates in Falls Church, VA and Chicago, IL.
- The acquisition formally closed on November 15, 2025.
- Beacon Pointe Advisors now oversees roughly $55 billion in assets under advisement, with more than 650 staff across over 80 offices.
- This is Beacon Pointe’s 12th transaction in 2025 and its fifth acquisition of a female-led advisory firm this year.
- Hemington has a team of 16 professionals and specializes in serving high-net-worth individuals, especially women experiencing major life transitions, complemented by its Women of Wealth studies.
- Leadership at Hemington includes co-founders/partners Eileen O’Connor, MBA, CFP®, and Jen Dawson, CFP®, who will become partners and managing directors at Beacon Pointe.
- Beacon Pointe did not disclose the financial terms of the acquisition.