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.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
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From direct lending to asset-based finance to commercial real estate debt.
