Focus Financial Partners has agreed to buy Wechter Feldman Wealth Management, a Parsippany, New Jersey-based registered investment adviser managing $350 million, and Siena Capital Management, which manages $219 million through offices in Grand Ledge and Williamston, Michigan.
Terms of the acquisition were not disclosed.
Wechter Feldman will join Focus member firm GYL Financial Synergies, based in West Hartford, Connecticut. Siena Investments will join firm Buckingham Strategic Wealth, which is based in St. Louis.
The $1 trillion RIA is getting serious on inorganic growth as it welcomes the M&A veteran for a dedicated leadership role.
The undoing of the penalty, which has hung over the Wall Street bank for seven years, marks a significant victory for CEO Charlie Scharf.
The big three custodian is unveiling new reporting features, UMA functionalities, and a new advisor growth network, along with other updates at its flagship conference.
Michael Bradley faces allegations of “improper recommendation to clients” who bought GPB securities.
The RIA behemoth overseeing more than half a trillion dollars in client assets is adding to that book with a $1.4 billion firm focused on pro athletes in New York.
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.
