On September 6, 2012, Focus Financial Partners announced that Founders Financial Network had agreed to merge into Buckingham Asset Management.
On September 6, 2012, Focus Financial Partners, LLC announced that San Francisco Bay Area-based Founders Financial Network had entered into a merger agreement with Buckingham Asset Management. Based in St. Louis, Missouri, The Buckingham Family of Financial Services, which includes Buckingham Asset Management and BAM Advisor Services, provides fee-only wealth management services to high-net-worth individuals, businesses, trusts, nonprofits, and retirement plans. Founders provides financial planning and wealth management services to high-net-worth individuals, executives, venture capitalists, and families in the Silicon Valley area of California. After the transaction, Founders will take Buckingham’s name and the assets under management or administration of the merged entities will be approximately $17 billion. The terms of the transaction were not disclosed.
To read the press release, please click here.