Strategic Partnership Marks Focus’ Entrance into Chicago Market
NEW YORK & CHICAGO--(BUSINESS WIRE)-- Focus Financial Partners, LLC (“Focus”), the largest partnership of independent wealth management firms with over $52 billion in assets, today announced the acquisition of Chicago-based Vestor Capital Partners, LLC (“Vestor”). Vestor is a fee-based, dually registered investment advisory firm with client assets in excess of $500 million. Vestor’s partnership went into effect on October 1, bringing Focus’ total number of partner firms and affiliates to 24. This represents the fifth transaction for Focus this year.
“Over the years, Focus has worked to cultivate a partnership of strong, like-minded RIAs that uphold high fiduciary standards and epitomize strong client relationships. Vestor’s service model has been built and centered around their clients for nearly three decades, creating the deep client relationships we look for in a partner,” said Rudy Adolf, founder and CEO of Focus. “We are excited to make our entry into the Chicago market with Vestor and, through them, hope to attract interest from additional advisors.”
Vestor, an independent advisory firm, was founded by Brian C. Baker, a licensed attorney and CPA. The company provides a range of holistic wealth management services, including investment management, financial planning, retirement planning, insurance, estate/wealth transfer planning, business succession services, and income tax planning to high-net-worth clients located all over the country, with a large concentration based in the Chicago area.
“We were searching for a strategic partner for a number of years and were excited when we found Focus,” said Brian Baker, president and CIO at Vestor. “At the core, the Focus model is based on preserving our independence while allowing us to access resources so we can actively pursue our vision. We have set our sights on growing our business by extending our services to more clients and recruiting like-minded advisors to join us.”
Vestor’s advisors possess deep industry knowledge and credentials that reflect the caliber and level of specialization throughout their ranks, including those holding CFA, JD, MBA, CPA and CFP® designations. Vestor has established an exemplary track record providing catered investment and wealth management solutions to high-net-worth individuals, families and institutional investors.
About Focus Financial Partners
Founded in 2006, Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With over $52 billion in assets and over 750 employees, including over 100 partners, Focus provides wealth management, benefit and investment consulting services to individuals, families, employers and institutions. Clients benefit from Focus’s independence, unrivaled access and continuity. Focus principals maintain their entrepreneurial independence, benefit from the synergies, scale, economics and best practices of the market leader and achieve an eventual, smooth ownership transition. Focus was included on Inc. magazine’s 5000 ranking of the nation’s fastest-growing private companies in 2011 and 2010. In 2012, Focus was named a Crain’s New York Business “Fast 50” growth firm in New York City. For more information, please visit www.focusfinancialpartners.com.
About Vestor Capital Partners
Vestor Capital Partners, LLC is a financial investment advisory firm with over $500 million in assets under management. Based in Chicago, Vestor provides tailored investment advice and wealth management planning, including estate and tax planning services, to help clients meet their long-term financial goals. In 2010, Vestor was recognized as a “Manager of the Decade” for its core U.S. equity strategy by PSN, the longest-running investment manager database in North America. For more information, please visit http://vestorcapital.com/index.php.
Raina Gajjar, +1 212-850-5724
Source: Focus Financial Partners, LLC