Beacon Pointe Advisors Data Breach Lawsuit Investigation

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Beacon Pointe Advisors data breach.

If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.

About Beacon Pointe Advisors

Beacon Pointe Advisors is a registered investment advisor headquartered in Newport Beach, California. Founded in 2002, the company has grown into one of the largest independent advisory firms in the United States, specializing in private wealth management, institutional consulting, and retirement plan services.

The firm manages assets for more than 10,000 clients, including individuals, families, pension funds, charitable organizations, government entities, and businesses. The company is employee-owned and has a team that includes certified financial planners, chartered financial analysts, and other credentialed professionals.

What Happened?

On Feb. 1, 2026, Beacon Pointe Advisors identified unauthorized access to its IT network.

The company responded by securing its network, launching an investigation with a cybersecurity firm, and notifying account custodians. The investigation found that between Jan. 30 and Feb. 1, 2026, an unauthorized actor used social engineering to access part of the network and steal certain files.

A threat actor known as ShinyHunters claimed responsibility for the breach and posted about it on the dark web on Feb. 15, 2026, alleging that over 100,000 records were compromised, including personally identifiable information (PII) and internal corporate data.

Beacon Pointe Advisors disclosed the breach to the Vermont Attorney General’s Office on Feb. 23, 2026.

As of current official notices, the types of consumer information exposed, except names, are currently unknown. It has not been disclosed how many total people have been affected by the breach.

You May Be Entitled to Compensation

If your information was exposed in the Beacon Pointe Advisors data breach, you may be entitled to compensation. Lawyers are investigating claims and are ready to help you understand your rights and options.

To find out if you qualify to join a lawsuit and to protect your interests, complete the below form.

Sources

• Vermont Attorney General
• Dark web