Focus Financial adds $3.5 billion Edge Capital Group to its stable

Newly public RIA rollup bought the Atlanta RIA while it was going through its IPO process

Aug 2, 2018 @ 4:35 pm

By Jeff Benjamin

In the weeks leading up to its closely watched initial public stock offering, Focus Financial Partners was also busy acquiring the $3.5 billion advisory firm Edge Capital Group.

Atlanta-based Edge Capital Group, which operated as Edge Advisors prior to the acquisition, listed the new owners in a June 26 filing with the Securities and Exchange Commission.

Focus Financial, a New York-based RIA rollup operation that has acquired all or portions of 56 advisory firms since launching in 2006, officially announced the Edge Capital Group acquisition late Thursday afternoon.

Less than a week after it raised nearly $600 million by selling 16.2 million shares of company stock, Focus is still in a post-IPO "quiet period," according to a company spokesperson who declined to comment beyond what is stated in the press release.

Edge Capital Group did not respond to two requests for comment for this story.

According to the most recent SEC filing by Edge Advisors, nearly $2.9 billion of the firm's $3.5 billion under management is through 242 high-net-worth clients.

The next largest category of clients listed in the filing includes12 endowments and foundations totaling just over $150 million.

The Focus press release described the Edge Capital Group acquisition as "further solidifying Focus' presence in the ultra-high-net-worth advisory space."

Like Focus, Edge Capital was founded in 2006.

According to the Focus announcement, the Edge transaction was one three that were signed but not closed prior to Focus' most recent financial disclosures leading up the last week's IPO.


What do you think?

View comments

Recommended for you

Featured video


InvestmentNews celebrates diversity & inclusion in the financial advice business

Highlights of the Excellence in D&I Awards, showcasing the achievements of 26 individuals and firms that are moving the needle when it comes to diversity and inclusion.

Latest news & opinion

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Dawn Bennett found guilty of $20 million Ponzi scheme

Jury took less than five hours to convict the former financial adviser and radio host.

10 advisory firm employee benefits you won't believe

Some advisory firms stand out for their creative efforts to keep their troops happy and engaged. Spa retreat, anyone?

401(k) record keepers seek new revenue streams to 'save themselves'

Service providers are getting pinched by fee compression.

Small-cap funds take a beating

For most of the year, the sector had outperformed, but that all changed last week.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print