Texas-based VisionPoint Advisory Group and Mississippi-based Navitas Wealth Advisors merged to form Balefire, a Dallas-based RIA advising on $3.7B in assets, with nearly 60 employees across nine states.

• Balefire aims to reach $42B in AUM, $215M in revenue, and hire over 200 employees within the next decade through advisor integration, firm mergers, and strategic partnerships
• The firm seeks to fix "broken" industry practices by helping advisors build scalable business models and deepen client relationships, leveraging technology and operational efficiencies
• The merger combined Navitas' ultra-high-net-worth expertise with VisionPoint's recruiting and tech capabilities, creating a rare "merger of equals" positioned to serve a broad client base

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