Atria Wealth Solutions, the New York City-based wealth management network of independent RIAs and broker-dealers, is acquiring Rockville, Md.-based Grove Point Financial, a unit of Kestra Holdings.

Through its subsidiaries, Atria already supports some 2,300 financial professionals with an aggregate of $100 billion in assets under administration. The acquisition will add to that Grove Point’s 400 financial professionals who, altogether, represent some $15 billion in assets under administration. Grove Point is the former H. Beck.

“Our combined organization will make us stronger as we continue to support and meet the ever-growing demands of financial professionals and their clients,” said Atria’s CEO and founding partner, Doug Ketterer, in a press release.

The terms of the deal were not announced, but Atria will acquire 100% of Grove Point and its subsidiaries. Goldman Sachs and William Blair & Co. are the advisors for the transaction, which is expected to….

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