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July 18, 2017 at 11:00 PM CDT
Texas-Based Ultra-High-Net-Worth Firm Joins The Focus Partnership
Texas-Based Ultra-High-Net-Worth Firm Joins the Focus Partnership
– Focus Builds Upon Its Successes in High End Advisory Services –
New York, NY – July 19, 2017 – Focus Financial Partners (‘Focus’), a leading international partnership of independent, fiduciary wealth management firms, today announced that Brownlie & Braden Advisors, LLC (“Brownlie & Braden”), an independent registered investment advisory firm headquartered in Dallas, Texas, joined the partnership on July 11, 2017. With an additional office in Fort Worth, Brownlie & Braden serves ultra-high-net-worth individuals and families across the region.
Co-founders Smith A. Brownlie III and James E. Braden established the business in 1997 to address the sophisticated financial needs of ultra-wealthy individuals and families. The scope of the firm’s services includes gift and estate tax planning, investment advisory services, life insurance due diligence, interim company management, board representation, family risk management and family wealth education. Prior to founding their firm, Mr. Brownlie and Mr. Braden worked together at Peat Marwick (now KPMG), where they served many privately-held companies.
“We were looking for a strategic partner to help us continue to expand our firm. We began our selective search process in 2012 and spoke with a wide variety of potential partners. Focus emerged as the ideal fit, particularly given the firm’s significant financial strength, M&A capabilities and in-depth knowledge of our work,” said Smith Brownlie, Co-Founder of Brownlie & Braden. “With access to capital and a range of value-added services, we are excited to work with Focus to continue to serve our clients and grow our business.”
“We are delighted to welcome another ultra-high-net-worth firm like Brownlie & Braden to the partnership, following a series of mega deals closed earlier this year,” said Rudy Adolf, Founder and CEO of Focus. “This transaction provides more evidence that Focus’ unique emphasis on entrepreneurial autonomy resonates with the most elite firms in our industry. In the second decade of our growth we expect the number of our deals to continue to increase as we pursue additional partnerships with the highest-caliber firms in the industry.”
Brownlie & Braden marks the 8th partner firm to join Focus in 2017.
About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefits consulting and investment consulting services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices of a market leader to achieve their business objectives. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com
About Brownlie & Braden
Brownlie & Braden is a Texas-based financial advisory services firm focused on providing services specifically addressing the needs of individuals and families that have accumulated significant wealth. Brownlie & Braden has offices in Dallas and Fort Worth and has been servicing its clients for over 20 years.
Phone: +1 646-775-6412