Focus Financial to buy RIAs managing $570 million
Wechter Feldman will join GYL, while Siena Capital Management will join Buckingham Partners.
Focus Financial Partners has agreed to buy Wechter Feldman Wealth Management, a Parsippany, New Jersey-based registered investment adviser managing $350 million, and Siena Capital Management, which manages $219 million through offices in Grand Ledge and Williamston, Michigan.
Terms of the acquisition were not disclosed.
Wechter Feldman will join Focus member firm GYL Financial Synergies, based in West Hartford, Connecticut. Siena Investments will join firm Buckingham Strategic Wealth, which is based in St. Louis.
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