The four firms are JFS Wealth Advisors, LLBH Private Wealth Management, CapGroup Advisors and The Buckingham Family of Financial Services.
Commenting on the completion of the deal, Rudy Adolf, founder and CEO of Focus said: "These recent transactions are excellent examples of the kind of growth plans that Focus has always supported. For any financial advisor, the client is always the top priority, leaving little time to think about strategic acquisitions or senior recruitment. In leveraging Focus’ national network and industry relationships, our partner firms can strengthen their business continuity, client services and growth trajectories far more easily than they could on their own."
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The four strategic transactions have closed in the last 60 days, with the support of Focus Financial are the merging of HL Zeve Associates with JFS Wealth Advisors, bringing JFS Wealth Advisors’ assets to over US$1.2 billion of client AUM; appointment of new managing director at LLBH Private Wealth Management who had managed US$110 million in client assets; hiring of financial advisor Jeremy Kuhlen and acquisition of private client assets for CapGroup Advisors , bringing it approximately US$35 million in assets; and hiring of wealth advisor, author and blogger Dan Solin for The Buckingham Family of Financial Services and as director of investor advocacy at BAM Alliance.
