From Yahoo Finance: 2025-05-07 06:43:00

VisionPoint Advisory Group and Navitas Wealth Advisors have merged to form Balefire, an SEC-registered advisory business with over $3.7bn in assets under management as of 1 January 2025. The new entity aims to cater to affluent clients by offering comprehensive financial and business advisory services.

Balefire, formed through a merger of equals, brings together over 60 professionals to provide services like wealth management, strategic tax planning, and corporate solutions. The entity plans to grow its assets under management to $42bn over the next decade, increase annual revenues to $215m, and expand its team to 300 professionals.

Co-managing partners Jason Hester and John Hoffman lead Balefire, operating across 19 states and serving clients in 39 states. The firm’s integrated approach focuses on tailored services like succession planning and multi-generational family governance while maintaining personal advisory relationships.

Balefire’s strategic plan emphasizes stewardship and impact, aiming to deepen client relationships and expand service offerings. The merger was advised by Advisor Growth Strategies (AGS), with a focus on delivering lasting value and connection to clients and team members.



Read more at Yahoo Finance: VisionPoint, Navitas merge to launch $3.7bn RIA Balefire