Focus Financial Helps Breakaway Merrill Lynch Advisors Launch One Charles Private Wealth
New York, NY- November 16th, 2015 – Focus Financial Partners, LLC (‘Focus’), a leading partnership of independent, fiduciary wealth management firms, today announced the launch of One Charles Private Wealth, LLC (‘One Charles’), an independent Registered Investment Advisor based in Hingham, Massachusetts and led by former Merrill Lynch advisors Paul Squarcia and Erik Wallin. One Charles was launched through Focus Independence (formerly Focus Connections), a program which helps wirehouse teams successfully launch their own independent wealth management firms.
Mr. Squarcia, a 15-year veteran of Merrill Lynch and the former senior resident director for the Hyannis, Massachusetts complex, is the founding principal of One Charles. At Merrill, Mr. Squarcia led a staff of financial advisors that provided customized wealth management solutions to affluent individuals and their families, as well as solutions for businesses and charitable organizations. Prior to working at Merrill, Mr. Squarcia spearheaded many growth initiatives as a business executive at Merck & Co. and SleepMed, Inc. This experience has made him a valued resource among entrepreneurs. Joining Mr. Squarcia at One Charles is Mr. Wallin, a former first vice president at Merrill Lynch who spent approximately 13 years working with high-net-worth individuals on their financial plans. The two have worked together at Merrill since 2006, serving clients in 40 states, though their client base is primarily concentrated in Massachusetts. One Charles will have five additional employees providing support in the areas of relationship management, operations and marketing.
At One Charles, the team will launch two new client offerings: Circle of Care and Social & Conscious Investing. Circle of Care aims to provide customized wealth management solutions that cater to all the complexities of a client’s financial life. Social & Conscious Investing has the twofold purpose of building portfolios that seek to deliver both financial performance and social benefits, helping clients with not only their philanthropic efforts but also aligning their wealth with their values to create positive social change.
“One Charles Private Wealth was created to provide our clients with more solutions around investments, banking, insurance and socially-responsible investing,” said Paul Squarcia, Founding Principal of One Charles. “Our partnership with Focus will allow us to continue to serve their best interests as we make the exciting transition to independence. Further, the access to capital, resources and best practices available through the Focus network will allow us to take our business to the next level through both M&A and organic growth strategies.”
“We are excited to support this elite team of advisors in the transition of their business and clients to the independent wealth management model,” said Chris Dupuy, President of Focus Independence. “Their entrepreneurial DNA and drive to grow and improve their firm make Paul and Erik a natural fit for Focus.”
About Focus Financial Partners, LLC
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 One Charles Wealth, LLC
One Charles Private Wealth is a full service wealth management firm with a national scope. We are committed to delivering a high level of financial care, where the needs of our clients come first. One Charles Private Wealth’s unique Circle of Care service model was created to provide clients with more solutions around investments, banking, insurance and socially responsible investing. One Charles Private Wealth is an independent SEC-registered investment advisory firm, headquartered in Hingham, MA. For more information please visit www.OneCharlesPW.com
Focus Financial Partners
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