View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 17, 2022

Focus Financial Partners to boost Midwest presence with Spectrum

Focus Financial Partners has joined forces with Indianapolis-based Spectrum Wealth Management to strengthen its reach in the Midwest.

Spectrum is a registered investment adviser (RIA) that caters to several high-net-worth families and professionals across the US but particularly focussed on the Midwest.

The firm offers several investment management, tax planning, trust and family office solutions through its LifeSpectrum Planning platform.

As part of the latest deal, Spectrum will become a new partner firm of Focus, which is an alliance of independent, fiduciary wealth management companies.

The deal, which is subject to customary closing conditions, is anticipated to complete by the first quarter of next year.

Spectrum co-founder and chief investment officer Leslie Thompson said: “Partnering with Focus will provide us with the additional resources to enhance our value proposition while not altering the core principles and culture of the business we have built.

“In our discussions with Focus over the years we have always been impressed by the consistency of their approach and the quality of partner firms they have invested in.

“When we decided to join with a strategic partner to facilitate the future growth of Spectrum, the transparency of the Focus model and our ability to retain control of our business resonated with us.”

In February this year, Focus entered into an agreement to add Michigan-based RIA Azimuth Capital Management to its partner network.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International