Waddell & Associates, a registered investment advisory firm with $750 million of assets, has joined Focus Financial Partners.
The Tennessee-based RIA joined at the start of April, expanding Focus Financial's presence in the Southeast, according to a statement today. The RIA oversees about $750 million of assets, according to a March 21 ADV document filed with the Securities and Exchange Commission. The firm has offices in Memphis and Nashville.
Waddell is the fourth RIA to join Focus Financial in 2016 and follows the move last year by another Southeastern wealth manager, Patton Albertson & Miller in Georgia, to become part of the group.
“The addition of Waddell in Memphis and Nashville will further open up the local RIA market for Focus, creating additional opportunities in the region,” Rudy Adolf, the firm's founder and CEO, said in the statement.