\n The RIA formerly known as Bleakley Financial Group is buying Armstrong & Sinoff Financial to anchor its new regional hub in Orlando and fuel OnePoint’s $5 billion inorganic growth plan for 2026.\n <\/p>\n
OnePoint\u00a0BFG Wealth Partners plans to\u00a0establish\u00a0a regional hub in Orlando following\u00a0its\u00a0acquisition\u00a0of\u00a0Armstrong &\u00a0Sinoff\u00a0Financial,\u00a0an advisory firm previously affiliated with Northwestern Mutual that oversees $425 million in client assets.\u00a0<\/p>\n
Winter Park-based Armstrong &\u00a0Sinoff\u00a0Financial is\u00a0led by partners Paul Armstrong and Adam\u00a0Sinoff.\u00a0OnePoint\u00a0CEO Andy Schwartz has described\u00a0wanting between six to eight regional hubs for OnePoint<\/a>, which was known as Bleakley Financial Group before\u00a0the RIA rebranded\u00a0last summer<\/a>.\u00a0<\/p>\n \u201cWe’re going to have hubs regionally all around the country, but we think Orlando will\u00a0be definitely\u00a0one of those hubs,\u201d Schwartz told\u00a0InvestmentNews.\u00a0\u201cWe’re having a lot of conversations with advisors in Florida, but this will be our first Orlando office. They want to grow not only on the client side, but they would like to grow the actual footprint in Orlando, and that will be our intention as well to support that both financially and with our\u00a0manpower, with our growth people.\u201d\u00a0<\/p>\n Schwartz has set an inorganic growth target of\u00a0$5 billion\u00a0this year for\u00a0OnePoint, which has over\u00a0$15 billion\u00a0in assets under management.\u00a0OnePoint\u00a0is headquartered in New Jersey with two existing Florida locations in St. Petersburg\u00a0and Bradenton. Schwartz highlighted Naples\u00a0on Florida\u2019s west coast as a business growth focus for\u00a0OnePoint.\u00a0<\/p>\n \u201cThere’s a lot of money flowing into Florida,\u201d said Schwartz.\u00a0\u201cThere’s going to be\u00a0more and more\u00a0migration [as] New York and New Jersey continue to not necessarily be very friendly states for wealthier clients that\u00a0we’re\u00a0interested in working with. As state income taxes stay elevated or get higher\u2014whether its inheritance taxes, rule changes, property sales taxes being implemented particularly in New Jersey, but\u00a0probably in\u00a0other places, I think\u00a0that’s\u00a0just going to continue this migration south.\u201d\u00a0<\/p>\n OnePoint\u00a0BFG was founded in 1985 by twin brothers Scott and Andy Schwartz as a practice affiliated with Northwestern Mutual. They left the\u00a0broker-dealer in 2014 to launch the RIA Bleakley Financial Group, which sold a minority stake to Joe Duran\u2019s Rise Grow Partners.<\/p>\n Armstrong &\u00a0Sinoff\u00a0marks the latest of several Northwestern breakaway\u00a0advisors\u00a0to join\u00a0OnePoint.\u00a0Voyage Wealth Architects<\/a>, a Minneapolis RIA overseeing $700 million in client assets, joined\u00a0OnePoint\u00a0in February. In October 2025,\u00a0OnePoint\u00a0announced its acquisition of Chicago-based\u00a0Spahn Financial Partners<\/a>, a $2 billion firm also affiliated with Northwestern Mutual.\u00a0\u00a0<\/p>\n