Focus buys Wespac RIA

Jul 28, 2008 @ 1:48 pm

By Bruce Kelly

Focus Financial Partners LLC has acquired another registered investment adviser.

Focus Financial of New York today announced that it had acquired Wespac, an Oakland, Calif.-based registered investment adviser and benefits administrator. Wespac has more than $1 billion in assets under advisement.

Earlier this year, Focus Financial acquired Greystone Financial Services of Manchester, U.K.

The firms in the Focus Financial network manage more than $29 billion in assets.

Terms of Focus Financial’s deal for Wespac were not disclosed.

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