NEW YORK – May 31, 2024 – Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Institutional and Family Asset Management, LLC (“IFAM”), headquartered in Fort Collins, Colorado, will join Focus firm Kovitz Investment Group Partners, LLC (“Kovitz”). This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

IFAM, which joined Focus as a partner firm in 2015, is an independent financial advisory firm that provides investment advice tailored to individuals, families, foundations and businesses, with teams located in Fort Collins and Denver, Colorado, as well as Sioux Falls, South Dakota. The firm offers a variety of solutions, including wealth management and benefits consulting, to individuals and institutions. Upon the completion of this transaction, the newly combined firm is expected to manage over $16 billion in client assets based on the aggregate regulatory assets under management of each firm as of April 30, 2024.

Through this transaction, IFAM will gain access to the sophisticated tools and resources that Kovitz has developed. In turn, Kovitz will strengthen its experienced pool of talented advisors and experts, as well as expand its footprint by adding its first offices in Colorado and South Dakota.

“At IFAM, our clients are always our top priority, which is why we constantly seek new ways to provide them with industry-leading, tailored financial advice,” said Jeffrey Gordon, Partner and Chief Executive Officer at IFAM. “Joining the Kovitz team is an important step in our journey, as it will enable us to access enhanced capabilities that our advisors can leverage to deliver even greater possibilities for clients.”

“IFAM’s talented team has extensive experience in offering invaluable knowledge and personalized insights to both individual and institutional clients,” said Mitchell Kovitz, Chief Executive Officer of Kovitz and Vice Chairman of Focus. “We are thrilled for them to join the Kovitz team, and with IFAM’s differentiated services, we look forward to providing our clients with the leading financial advice they have come to expect.”

“Both Kovitz and IFAM have strong track records of delivering top-tier financial advice and resources for their clients,” said Michael Nathanson, Chief Executive Officer of Focus. “We are excited to see these firms come together to further strengthen their businesses and continue equipping their clients and advisors with the support and advanced toolkits required to meet their needs.”

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About Focus Financial Partners Inc.
Focus is a leading partnership of fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its affiliated firms, which serve individuals, families, employers and institutions with comprehensive financial services. Focus firms benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

About Kovitz Investment Group Partners, LLC
Kovitz is a registered investment adviser headquartered in Chicago, IL. Kovitz provides investment and wealth management solutions to high net worth individuals, institutions and private funds. Kovitz has been part of Focus since 2016. For more information about Kovitz, please visit www.kovitz.com.

About Institutional and Family Asset Management, LLC
IFAM is a registered investment adviser with offices in Colorado and South Dakota. IFAM, which has been part of Focus since 2015, is led by a team of experienced financial advisors with 100 years of collective investment experience. IFAM offers financial planning, portfolio management, asset allocation, retirement planning, tax, estate and philanthropic planning, risk management, and multi-generational wealth transfer services to individual and institutional clients. For more information, please visit https://ifamcapital.com.

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