New York-based Focus Financial Partners has acquired an ownership interest in Fairway Wealth Management, a registered investment adviser based in Independence, Ohio, that manages $1.6 billion.
Terms of the agreement were not disclosed.
Fairway, founded in 2002, will be the second Focus partner firm based in Ohio and the first in the Cleveland area, Focus said in a release.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
