Waddell & Associates Joins Focus Financial Partners
– Partnership Bolsters Focus’ Presence in the Tennessee Region –
New York, NY – April 11, 2016 – Focus Financial Partners (‘Focus’), a leading partnership of independent, fiduciary wealth management firms, today announced that Memphis, Tennessee-based registered investment advisory firm Waddell & Associates (‘Waddell’) joined Focus on April 1, 2016. Waddell is the first Focus firm headquartered in Tennessee, with offices in Memphis and Nashville. The addition of Waddell to the Focus partnership further enhances Focus’ presence in the Southeast, following last year’s addition of Patton Albertson & Miller, a Georgia-based RIA with an office in Chattanooga.
Founded in 1986, Waddell is one of the premiere RIAs in Memphis, serving over 875 households and institutions. Many of the firm’s existing clients take pride in being part of the Waddell family and have built longstanding, trusted relationships with the team over the past three decades. As a fee-only investment advisory and wealth management firm, Waddell offers holistic investment management services based on a global view of the economic landscape and complements its wealth management offering through goals-based financial planning.
“At Waddell, we greatly value our clients and employees. We have a tremendously talented staff and are excited about the growth opportunities inherent in a partnership with a firm like Focus whose other partner firms place the same emphasis on client relationships and fiduciary financial advice as we do,” said David Waddell, President and CEO of Waddell. “We are excited to join this partnership of high-performing and entrepreneurial firms. With access to Focus’ capital and best practices, we are confident that we will be able to offer a significantly better experience for our clients and more opportunities for our employees as we look to grow and expand in the Memphis and Nashville regions.”
“We are confident that the strong desire to grow and relentless energy we have seen from David and his team will bring the firm to the next level. That, coupled with the firm’s client-centric model, makes them the ideal entrepreneur we are looking for to strengthen our partnership,” said Rudy Adolf, Founder and CEO of Focus. “The addition of Waddell in Memphis and Nashville will further open up the local RIA market for Focus, creating additional opportunities in the region. ”
With the addition of Waddell, there are now 40 Focus partner firms in total.
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.
About Waddell & Associates
Founded in 1986, Waddell & Associates is one of the premiere RIAs in Tennessee with offices in Memphis and Nashville, serving over 875 households and institutions. As a fee-only investment advisory and wealth management firm, Waddell offers holistic investment management services based on a global view of the economic landscape and complements its wealth management offering through goals-based financial planning. For more information, please visit https://www.waddellandassociates.com/
Focus Financial Partners
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