Focus Further Accelerates Growth through Four Recent Marquee Deals

~ Strong Momentum Continues in M&A and Breakaway ~

NEW YORK--()--Focus Financial Partners, LLC (‘Focus’), the leading international partnership of independent, fiduciary wealth management firms, today announces the closing of four marquee deals. Focus has added a new partner firm, Relative Value Partners, while Quadrant Private Wealth Management has completed its transition to become an official Focus partner. Focus also facilitated merger deals for two existing partners, JFS Wealth Advisors and Buckingham Asset Management.

“Our M&A expertise and value-add programs combined with our almost unparalleled access to capital lends us a unique advantage in attracting high-caliber firms such as these.”

“Focus has seen strong deal momentum in 2015 as high performing, entrepreneurial firms seek to enhance, grow and build continuity into their businesses,” said Rudy Adolf, Founder and CEO of Focus. “Our M&A expertise and value-add programs combined with our almost unparalleled access to capital lends us a unique advantage in attracting high-caliber firms such as these.”

Focus closed the following strategic transactions recently:

  • Relative Value Partners (‘RVP’), Northbrook, Ill. The addition of RVP brings the number of Focus partner firms in Chicago’s highly-fragmented RIA market to three, following previously completed transactions with Vestor Capital and Strategic Wealth Partners. RVP has over $1 billion in AUM and a team of seven investment professionals serves its high-net-worth client base of entrepreneurs and Wall Street executives. The firm was founded in 2004 by Maury Fertig and Bob Huffman, who previously held senior positions at CitiGroup/Salomon Brothers and each has over twenty years of industry experience. As a Focus partner, RVP will seek to expand its capabilities through strategic hires and acquisitions.
  • Quadrant Private Wealth, Bethlehem, Pa. Quadrant, a $500 million independent wealth management firm, formed in May 2014 by a team of accomplished advisors formerly of Merrill Lynch, has completed its transition process to formally join Focus. The Founding Partners include Herman Rij, Jason Cort, Kori Lannon and Brian Cort. Last September, Quadrant added Brian Murray as Director of Wealth Structuring. In this role, Mr. Murray, who previously served as a Wealth Structuring Specialist at Merrill Lynch for over a decade, will bolster Quadrant’s estate planning and wealth structuring capabilities.
  • JFS Wealth Advisors, Hermitage, Pa. Focus facilitated the addition of a seasoned advisor, Thomas Paulus, to its Pa.-based partner, JFS Wealth Advisors. As a sole advisor, Mr. Paulus’ decision to join JFS was part of a continuity plan intended to safeguard his clients’ interests should his ability to serve them be compromised. Mr. Paulus will remain active as a Managing Principal at JFS while his addition to the management team will allow JFS to expand its presence in Pennsylvania, particularly in the Philadelphia area.
  • Buckingham Asset Management, St. Louis, Mo. Posey Capital Management, an approximately $200 million Houston-based RIA founded by Thomas Posey merged with St. Louis-based Focus partner firm, Buckingham Asset Management. The addition of Posey Capital, which shares Buckingham’s evidence-based investment philosophy, will be the firm’s second location in Texas. Through this merger, Mr. Posey and Jeffrey Eschman, the firm’s Director of Planning, will look to utilize Buckingham's resources to enhance its services to existing clients, and accelerate Buckingham's growth in the Houston market. Buckingham has completed five mergers and strategic transactions in 2015, following the most recent addition of Classic Capital, a Short Hills, NJ-based RIA, in April.

In the past 90 days, Focus has brought on four new partner firms and executed multiple mergers.

About Focus Financial Partners, LLC

Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With well over $325 million in annual run rate revenues, Focus provides unrivaled access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. Focus partner firms maintain their entrepreneurial independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. Focus was included three times on Inc. magazine’s Top 500/5000 ranking of the nation’s fastest-growing private companies in 2010, 2011 and 2014. In 2012, Focus was named a Crain’s New York Business “Fast 50” growth firm in New York City. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com.

Contacts

Media:
Focus Financial Partners
Danielle Fornabaio, 212-850-5731
danielle.fornabaio@fticonsulting.com