On December 20, 2024, Focus Financial Partners, Inc. announced the merger of its partner firms, Prairie Capital Management, LLC and Brownlie & Braden Advisors.
Focus Financial Partners, Inc. (“Focus”) announced, on December 20, 2024, the merger of its partner firms, Prairie Capital Management, LLC (“Prairie”) and Brownlie & Braden Advisors (“B&B”) in a transaction that closed on November 11, 2024. Further terms of the deal were not disclosed.
Focus, based in New York (NASDAQ: FOCS), is a partnership of independent fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms that provide comprehensive wealth management services.
Prairie, based in Kansas City, Missouri, is a registered investment advisor that focuses on wealth management, investment consulting and managing proprietary funds for ultra-high net worth individuals, endowments, foundations and family offices. As of November 2024, Prairie had approximately $7 billion in assets and provided consulting services for an additional $2 billion.
B&B, based in Dallas, Texas, is a registered investment advisor and wealth advisory firm specializing in providing financial advisory services for high-net-worth and ultra-high-net-worth individuals. As of November 2024, B&B had approximately $329 million in regulatory assets under management.
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