Focus Financial Partners, a partnership of independent wealth management firms, has said that Strategic Wealth Partners, an independent registered investment advisor (RIA) based in Deerfield, Illinois, joined the Focus partnership.
Vamsi Yadlapati, managing director at Focus, commented, "Given the highly fragmented nature of the Chicago RIA market, we see tremendous potential for Strategic Wealth Partners to further establish a regional presence in and around Chicago."
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Strategic is counted among one of the largest RIAs in the greater Chicagoland area with more than $1.4bn in client assets under management.
The firm offers customized investment management and financial planning services to clients.
David Copeland, co-founder of Strategic Wealth, said, "We ultimately decided that Focus was the right partner for us based on their stellar track record of providing unparalleled access to capital and growth support as well as their ability to attract additional talent to our bench."
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