Focus Financial Partners Continues Momentum in Q2
– Strategic Transactions Further Increase Presence for Focus Firms Buckingham and FFO –
New York, NY – April 25, 2016 – Focus Financial Partners (‘Focus’), a leading partnership of independent, fiduciary wealth management firms, today announced that two of its partner firms – Buckingham Asset Management and FFO – closed transactions on April 1, 2016. These strategic transactions add additional capabilities and expand geographic presence for these Focus firms.
“We founded Focus with the objective of connecting like-minded entrepreneurs to help drive success,” said Rudy Adolf, founder and CEO of Focus. “We are excited to still be doing so ten years later, providing our partner firms with access to capital, M&A expertise and value-add programs across various aspects of their business, including marketing, pricing and technology.”
The two transactions are described below.
- Buckingham Asset Management (‘Buckingham’), St. Louis, Missouri: Buckingham completed a merger transaction with Solutions for Wealth Management (‘SWM’), an RIA based in Bourbonnais, Illinois, expanding Buckingham’s footprint in the Midwest. SWM strives to provide tax-efficient wealth management and financial planning services to client households throughout Illinois. Buckingham is home to The BAM ALLIANCE, a national community of financial advisors representing more than 140 independent advisory firms across the country. One of the earliest BAM ALLIANCE members, SWM joined the community in 1997. Seventeen years later, aligning with Buckingham was a natural next step for the firm, given their common investment style and shared commitment to a client-first experience. Mark Smith, Founder of SWM, will join Buckingham as a Wealth Advisor, and will continue to provide his clients with independent wealth management advice.
- FFO, New York, New York: FFO, a premier multi-family office and business management firm serving ultra-wealthy individuals, families and their advisors, has closed a deal with Daniel Sillman, Founder of Compass Management Group, a top business and lifestyle management firm for professional athletes based in Michigan. Daniel Sillman is an executive in the sports & entertainment field, having worked with a group of elite professional athletes to manage all aspects of their financial lives, including Draymond Green and Jurrell Casey. The addition of Mr. Sillman further enhances FFO’s leading position in the sports and professional athletes segment. Mr. Sillman will work as an advisor for FFO and continue his role as Director of New Business Development at RSE Ventures, a sports, media & entertainment investment company co-founded by Miami Dolphins owner Stephen Ross and Matt Higgins. Since joining Focus in June 2014, FFO has grown through a series of strategic transactions, including the additions of Joseph McNulty and Lawrence Rudolph in October 2015.
About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. 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 operational independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com.
Focus Financial Partners
Daijing Lin, email@example.com/+1 646 775 6412