Focus Financial adds $2.3 billion Texas RIA

Brownlie & Braden Advisors in Dallas joins partnership.
JUL 19, 2017
By  Bloomberg

Brownlie & Braden Advisors, a registered investment advisory firm headquartered in Dallas, Texas, that manages $2.3 billion in assets, has joined Focus Financial Partners. The RIA firm was founded in 1997 by Smith A. Brownlie III and James E. Braden to serve ultra-high-net-worth individuals and families. The two formerly worked at Peat Marwick. Their firm also operates an office in Fort Worth, Texas. (More: Private equity firms take controlling interest in Focus Financial) The addition of Brownlie & Braden to the partnership further expands Focus' footprint in Texas and represents the eighth partner firm to join Focus since the beginning of 2017.

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.