View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 25, 2019

Focus Financial to buy Bullard, McLeod and Associates

Focus Financial Partners has agreed to acquire Bullard, McLeod and Associates (BMA), a New York-based investment manager.

BMA, set up in 1983, offers investment advisory and financial planning services.

The firm primarily tends to HNWIs and families, trusts, estates, and pension plans in the northeastern US.

The business will now be part of Focus partner Atlas Private Wealth Management.

BMA is currently headed by Thessaly and Barnaby Bullard, children of its founder Geoffrey Bullard.

While Thessaly will move out of the firm, Barnaby and the remaining BMA employees will be retained.

Focus founder, CEO and chairman Rudy Adolf said: “Bullard, McLeod and Associates offers a comparable investment and planning model to Atlas, and Atlas offers a strong platform for Barnaby and his team to leverage and grow in the Northeast.

“The transaction will contribute to the success of the combined entity by expanding the scope of investment and planning services, and allowing Atlas to better service and expand their client base.”

The deal is expected to be wrapped up in the second quarter of this year.

Recent deals by Focus

Earlier this month, Focus added several investment firms to its network.

These include Massachusetts-based Foster Dykema Cabot & Co., Connecticut-based MacGuire, Cheswick & Tuttle Investment Counsel, Georgia-based Anthony Smith Advisors, and Melbourne-based Escala Partners.

In January 2019, Focus added West Virginia-based Lanham O’Dell & Company, Colorado-based Weatherstone Capital Management and New York-based Insero Wealth Strategies.

Last December, Focus announced the acquisition of Aurora Financial Advisors and WG&S, based in Massachusetts and California, respectively.

 

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