Dallas-based VisionPoint Advisory Group and Ridgeland, Mississippi-based Navitas Wealth Advisors have merged to form Balefire, an SEC-registered investment adviser and wealth management firm “designed to meet the growing demand for integrated, high-capability financial and business advisory solutions for affluent individuals, families, and businesses.”
The new entity brings together over 60 professionals with complementary skillsets, Balefire said, offering comprehensive wealth management, strategic tax planning, and corporate solutions. The firm will now operate as a unified platform, aiming to provide “deeper insight, greater strategic continuity, and more scalable solutions.”
Described as “a merger of two equals,” Balefire’s combined assets under management were reported to top $3.7 billion as of January 1, 2025. The firm said that mergers and acquisitions will drive its strategic business development plan, “designed to more than 10x the company’s AUM over the next decade.”
The firm said its vision includes expanding annual revenues to $215 million, growing to $42 Billion in AUM, and scaling the Balefire team to 300 “elite professionals.”
“This combination is not about getting bigger—it’s about getting better,” Jason Hester, Managing Partner of Balefire, said in a statement. “While our strategic plan does include revenue and profitability benchmarks, it also focuses on stewardship and the impact we can make together. We’ve built something that has real staying power for our clients and our team. Clients will see deeper bench strength, broader services, and the same personal connection they’re accustomed to. It’s not a shift in identity—it’s an expansion of what’s possible.”
Partners and employees in 19 states
Balefire said it has partners and employees in 19 states and clients in 39 states. The firm maintains a “significant presence” in Texas, Mississippi, Minnesota, Alabama, Arizona, Iowa, North Carolina, Georgia, Florida, and South Dakota, offering clients “regional accessibility with national reach.”
The firm said its integrated model allows it to scale customized services—such as succession planning, business transition consulting, and multi-generational family governance—”without compromising the personal, values-based advisory relationships” that are foundational to its model.
“With 66% of advisors eyeing a change due to limited growth, support, or a desire to build a better business model. Balefire is redefining partnership in wealth management,” said John Hoffman, Managing Partner of Balefire. “Our recent merger strengthened our frameworks that give advisors more clarity, control, and alignment to seize better opportunities and navigate complexity—all on one team. Balefire is built for that.”
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