NEW YORK, NY / ACCESSWIRE / December 1, 2020 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive acquisition agreement under which Horan Capital Management, LLC ("Horan"), a registered investment adviser located in Hunt Valley, Maryland, will join Connectus Wealth Advisers ("Connectus"). This transaction is expected to close later this month, subject to customary closing conditions.
Through Focus, Connectus advisers gain a strategic growth partner with specialized capabilities. They benefit from Focus' global scale and extensive network of partner firms, continuity planning expertise and client solutions. Focus is also a source of permanent capital to accelerate growth.
For more information, please visit www.connectuswealth.com.
"We are very excited to be joining Connectus," said John Heinlein, Horan's CEO and Senior Portfolio Manager. "Becoming part of the Connectus partnership will enable my team and me to focus on our passion for investment management, which is at the core of the value we deliver to our clients. Leveraging Connectus' shared resources to support our business will enable us to increase our operational efficiency and deepen our investment management and financial planning capabilities. Having Focus as a strategic partner will allow us to expand our client services and accelerate the growth of our business in the near-term, while solving for succession and continuity of client experience in the long-term."
"We are thrilled to welcome the Horan team to Connectus, bringing us to 15 mergers on behalf of our partner firms and 22 M&A transactions year to date," said Rudy Adolf, Founder, CEO, and Chairman of Focus. "Horan substantially expands Connectus' footprint and establishes its presence in the mid-Atlantic wealth management market. Connectus advisers will also benefit from access to Horan's strong investment management capabilities.
"Connectus complements Focus' growing partnership and addresses an important strategic need in the independent wealth management market. Focus is at the forefront of the industry in providing innovative business and client solutions. These resources enable our partner firms to meet the growing needs of their clients in an increasingly complex operating environment. The Connectus model is an outstanding example of how we are leveraging our scale and expertise to help wealth management advisers better serve their clients, optimize their efficiency and solve for growth. As a result, we anticipate that Connectus will expand its presence globally."
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SOURCE: Focus Financial Partners Inc.
12/01/2020 EQS Newswire / EQS Group AG