Horan Capital Management, a registered investment adviser managing $723.4 million in Hunt Valley, Maryland, is being purchased by Connectus Wealth Advisers, a British-based international consortium of advisory firms that is owned in part by Focus Financial.
According to a statement, the deal will give Connectus a presence in the mid-Atlantic region.
The transaction is expected to close later this month.
The deal is Focus Financial's 22nd M&A transaction this year, the statement said. Earlier today, Focus announced that it had made an investment in in Kavar Capital Partners, a Leawood, Kansas-based RIA managing $682 million.
Janus Henderson survey exposes lack of education, generational divides, and gender gaps in investing behaviors.
The best investment advisors can make now is in their tax-planning knowledge.
Advisor-owners must acknowledge from the start that the keep/sell decision is a multi-faceted and difficult choice to make.
Last month's near-unanimous FOMC decision wasn't as clean as the final announcement suggested.
The tech-powered financial planning firm is using its latest financing to advance key initiatives and keep supporting its disruptive model.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success
