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.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
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