FFO, a multi-family office serving ultra-wealthy clients and a partner firm of Focus Financial Partners, has completed two merger deals on 1 September 2015, which will nearly double its size and boost its ability to serve clients.
Additionally, FFO has hired Joseph McNulty as partner from The McNulty Group, a New York-based family office that specializes in tax advisory services and accounting.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In his new role, McNulty will and his team will advise FFO clients on strategic tax solutions while continuing to serve their existing clients, who will in turn benefit from expanded services offered by FFO.
The merger with The McNulty Group will boost FFO’s tax offering as well as expand the firm’s brand among professional sports players, owners and teams.
Furthermore, FFO has also appointed Lawrence Rudolph as executive director from Capell Rudolph.
Rudolph will oversee FFO’s operations and business development activity in California and will also be responsible for expanding the firm’s existing footprint in California.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Capell Rudolph merger will strengthen Rudolph’s ability to best serve his clients by adding additional resources and expertise. Rudolph offers a range of business management and family office services to a select group of HNWIs in the entertainment industry.
FFO managing partner Rick Flynn said: "Our partnership with Focus has been instrumental to our success over the past year and the growth we’ve achieved made possible by the strong foundations they have helped us put in place, along with access to capital and M&A expertise they’ve provided us."
Focus founder and CEO Rudy Adolf said: "From the very beginning we have had tremendous confidence in the success of the family office model and we believe these mergers will help FFO further enhance its offering to ultra-high-net-worth clients and accelerate its growth to fully benefit from the market opportunity."
