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March 15, 2019 at 12:20 PM CDT
Steinberg Global Asset Management to Join Focus Partner Firm The Colony Group; Matthew F. Massingale to Join Focus Partner Firm Summit Wealth Advisors
Global Asset Management, Ltd.(“SGAM”) is a registered investment advisor based in Boca Raton, Florida. Co-founded in 1993 by Richard and Norman Steinberg, SGAM provides investment advisory services to high net worth individuals and families, including retirement accounts, trusts and estates. The transaction will allow the SGAM team to leverage Colony’s scale, capabilities and infrastructure to support its continued growth. The transaction will also enable SGAM to expand the services it offers its clients with the addition of Colony’s in-depth financial planning, family office and tax services. As part of Colony, Richard Steinbergwill assume a leadership role in directing the firm’s strategic direction and its investment platform as Colony’s Chief Market Strategist, Co-Chair of its investment division and a member of its Executive Team and Investment Committee. The transaction will give Colony the benefit of a physical presence in a highly desirable market that has significant interconnectivity with its existing client base across the country.
Matthew F. Massingale(“Massingale”) is the founder of Massingale & Associates, a firm that is associated with Commonwealth Financial Networklocated in Ruston, LA. Massingale has been providing financial and retirement planning services for the past thirty one years and views this transaction as the next step in the evolution of the offerings to his clients. Massingale also plans to leverage Summit’s broader resources to provide a succession and continuity plan for his clients. In connection with this transaction, Summit will open its fourth office in Louisiana, expanding its presence in the state.
“We are pleased to announce another strategic merger on behalf of
About The Colony Group, LLC
Cautionary Note Concerning Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus’ current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus’ operations and business environment which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus 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 affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.
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Source: Focus Financial Partners Inc.