Australian firm to join Focus Financial Partners

Roll-up's latest addition has $640 million in assets

Feb 19, 2019 @ 11:49 am

By InvestmentNews

Escala Partners, a wealth management firm headquartered in Melbourne, Australia, with offices in Sydney and Perth, will join Focus Financial Partners sometime in the second quarter, the company said in a release.

Escala, which manages the equivalent of U.S. $3.5 billion, was founded in 2013.

(More: 6 biggest RIA acquisitions of 2018)

Focus said that it considers Australia to be "an important and attractive market," along with Canada, where it just completed its second transaction, the United Kingdom and Western Europe.

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