VisionPoint and Navitas merge to launch $3.7 billion Ria Balefire
The VisionPoint Advisory Group has merged with Navitas Wealth Advisors to establish Balefire, an advisory business registered with the SEC.
The new entity, formed through the “Merger of Two Equals,” had more than $3.7 billion in managed assets (AUM) as of January 1, 2025.
The merger aims to address the growing demand for comprehensive financial and business advisory services tailored for wealthy clients, including individuals, families and businesses.
The newly formed entity combines the expertise of over 60 experts and offers a variety of services, including asset management, strategic tax planning, and corporate solutions.
It plans to leverage mergers, acquisitions and organic growth to increase AUM over the next decade, reaching $42 billion. Balefire aims to expand its annual revenue to $225 million and expand its team to 300 experts.
The leadership team consisting of former Navitas CEO Jason Hester and former VisionPoint CEO John Hoffman will serve as co-management partners.
Balefire operates with partners and employees in 19 states, serving clients in 39 states, with scaffolding in Texas, Mississippi, Minnesota, Alabama, Arizona, Iowa, North Carolina, Georgia, Florida and South Dakota.
An integrated approach promotes the delivery of customized services, including succession planning and multi-generational family governance, and maintains the personal advice relationship that is central to its operations.
“We’re committed to providing a range of services to our customers,” said Jason Hester, managing partner at Balefire.
“We have built something that has a true staying power for our clients and teams. They can see the strength of the bench, the broader service, and the same personal connections they are used to. It’s not a change in identity, it’s an expansion of what’s possible.”
Advisor Growth Strategies (AGS) was Balefire’s merger and acquisition advisor.
“VisionPoint merges with Navitas to launch a $3.7 billion Ria Balefire” was originally created and published Private Banker Internationala brand owned by GlobalData.
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