Vestor Capital Partners Joins Focus Financial Partners
NEW YORK/CHICAGO, October 11, 2012 — Focus Financial Partners, LLC (“Focus”), the largest partnership of independent wealth management firms with over $52 billion in assets, today announced the acquisition of Chicago-based Vestor Capital Partners, LLC (“Vestor”). Vestor is a fee-based, dually registered investment advisory firm with client assets in excess of $500 million. Vestor’s partnership went into effect on October 1. This represents the fifth transaction for Focus this year.
“Over the years, Focus has worked to cultivate a partnership of strong, like-minded RIAs that uphold high fiduciary standards and epitomize strong client relationships. Vestor’s service model has been built and centered around their clients for nearly three decades, creating the deep client relationships we look for in a partner,” said Rudy Adolf, founder and CEO of Focus. “We are excited to make our entry into the Chicago market with Vestor and, through them, hope to attract interest from additional advisors.”
Vestor, an independent advisory firm, was founded by Brian C. Baker, a licensed attorney and CPA. The company provides a range of holistic wealth management services, including investment management, financial planning, retirement planning, insurance, estate/wealth transfer planning, business succession services, and income tax planning to high-net-worth clients located all over the country, with a large concentration based in the Chicago area.
“We were searching for a strategic partner for a number of years and were excited when we found Focus,” said Brian Baker, president and CIO at Vestor. “At the core, the Focus model is based on preserving our independence while allowing us to access resources so we can actively pursue our vision. We have set our sights on growing our business by extending our services to more clients and recruiting like-minded advisors to join us.”
Vestor’s advisors possess deep industry knowledge and credentials that reflect the caliber and level of specialization throughout their ranks, including those holding CFA, JD, MBA, CPA and CFP® designations. Vestor has established an exemplary track record providing catered investment and wealth management solutions to high-net-worth individuals, families and institutional investors.
About Focus Financial Partners
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
About Vestor Capital Partners
Vestor Capital Partners, LLC is a financial investment advisory firm with over $500 million in assets under management. Based in Chicago, Vestor provides tailored investment advice and wealth management planning, including estate and tax planning services, to help clients meet their long-term financial goals. In 2010, Vestor was recognized as a “Manager of the Decade” for its core U.S. equity strategy by PSN, the longest-running investment manager database in North America. For more information, please visit www.vestorcapital.com/index.php
Raina Gajjar, +1 212.850.5724