US-based Beacon Capital Management (Beacon) is acquiring Astor Investment Management (Astor), an investment firm managing approximately $1bn in assets.

Financial terms of the transaction were not disclosed.

This acquisition is expected to close in August 2025.

Beacon said the deal strengthens its presence in the risk-managed investment space, adding separately managed accounts (SMAs), unified managed accounts (UMAs), and mutual funds to its platform.

The deal also brings Chicago-based Astor’s macroeconomic, rules-based risk approach to Beacon’s existing suite of data-driven strategies, expanding portfolio construction capabilities for financial advisors and their clients.

Beacon Capital Management president Emily Damman said: “This acquisition is consistent with our ongoing mission to provide financial advisors with sophisticated, diversified investment solutions.

“We continue to evolve our offerings based on the input we directly receive from our trusted advisors. Their perspectives shape our strategic priorities as we invest in building long-term value across every level of the business.”

As part of the deal, Jan Eckstein, chief investment officer at Astor, will take on the role of assistant vice president of portfolio design at Beacon.

In this capacity, she will contribute to aligning the two firms’ rules-based investment frameworks and play a role in developing new portfolio strategies.

Eckstein is also set to join Beacon’s investment committee, where she will serve alongside Astor CEO Bryan Novak.

Novak added: “We are excited to join forces with Beacon, whose advisor-centric approach and data-driven philosophy closely align with our own. This partnership allows us to continue delivering on our investment philosophy while offering clients and advisors access to even broader resources and support.”

Beacon said the acquisition will provide its advisors with access to additional data-driven strategies, diversifying holdings and risk management approaches.

The inclusion of macroeconomic, trend-based risk signals will offer a new layer of diversification, creating a smoother client experience across various market environments, it added.

Meanwhile, Astor advisors are anticipated to benefit from expanded resources, including enhanced marketing, practice management, sales support, and investment communications, reflecting Beacon's advisor-centric model.

Beacon, based in Dayton, Ohio, is a registered investment advisor with over $4bn in assets under management across more than 25,000 client accounts.

"Beacon to acquire Astor Investment Management with $1bn assets " was originally created and published by Private Banker International, a GlobalData owned brand.