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November 30, 2018 at 10:45 AM PST
Focus Closes Buckingham-Loring Ward Transaction, Immediate Benefits Ensue
Buckingham joined Focus in 2007 and is one of the fastest-growing partner firms in the Focus partnership. Following the merger with Loring Ward, Buckingham will further enhance its position as one of the largest RIAs in the country, with over 30 offices covering virtually all major regional hubs.
Founded in 1990, Loring Ward is a leading turnkey asset management program (“TAMP”) provider, supporting over 200 RIAs and 75 broker-dealers. Loring Ward CEO,
“It’s a great pleasure to formally welcome the Loring Ward team to Buckingham. Their dedication to their advisors and clients is a perfect cultural fit,” said
“Both our advisors and their clients will benefit from the synergies in our integrated offerings,” said
In further news related to the Loring Ward transaction, Focus announced that
Founded in 2009 by former top-ranked tennis pro Dan Goldie, co-author of “The Investment Answer (2011),” the Palo Alto RIA will become part of Buckingham Strategic Wealth upon closing, meaningfully expanding the resources and services available to its clients. DGFS is currently one of Loring Ward’s largest clients by assets under management.
“First and foremost, this transaction will benefit our clients,” said Dan Goldie, President of DGFS. “When I learned Loring Ward and Buckingham were combining forces, I saw a wonderful opportunity to enhance operations, investment services and continuity planning in the interest of our clients. By leveraging the full capabilities of Buckingham Strategic Wealth, I will be able to do more of what I am passionate about, spending time with and helping clients.”
“The synergies and client benefits realized by Loring Ward uniting with Buckingham, and by Dan Goldie in turn joining Buckingham Strategic Wealth, are what the Focus partnership is all about,” said
About Focus Financial Partners Inc.
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives.
About Loring Ward
Loring Ward is an investment adviser founded in 1990 and headquartered in California’s Silicon Valley. Loring Ward is committed to creating a better wealth experience for financial advisors and their clients, and serves one of the largest networks of independent advisors in the
About The Buckingham Family of Financial Services (Buckingham Strategic Wealth and BAM Advisor Services)
Buckingham Strategic Wealth is a growing organization of advisors, financial specialists and national thought leaders committed to delivering on the promise of true wealth management and acting in the best interest of its clients. Buckingham Strategic Wealth has over 30 locations across
Cautionary Statement Concerning Forward-Looking Statements
The foregoing information contains certain forward-looking statements that reflect the Company’s current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environment and the Company’s ability to consummate the proposed merger and realize its anticipated benefits, which may cause the Company’s actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the Company’s financial results may be found in the Company’s filings with the Securities and Exchange Commission.
Investor and Media Contact Information
Steve Calk or Sam Gibbons
Tel: (646) 561-3226
Source: Focus Financial Partners Inc.