On November 4, 2024, Focus Financial Partners Inc. announced that The Colony Group, LLC acquired GYL Financial Synergies, LLC.
Focus Financial Partners Inc. (“Focus”) announced, on August 5, 2024, that its fellow firm, The Colony Group, LLC (“Colony”), acquired GYL Financial Synergies, LLC (“GYL”). The transaction was completed on November 1, 2024. Under the terms of the deal, Gerry Goldberg, former CEO of GYL, will join Wendy Hartman as a Division President at Colony. Further terms of the transaction were not disclosed.
Focus, based in New York City, is a partner of fiduciary wealth management and financial services firms providing partners with resources and continuity planning.
Colony, based in Boston, is a registered investment advisor providing financial advisory, wealth, and business management services. As of November 2024, Colony had over $21 billion in assets under management.
GYL, based in West Hartford, Connecticut, is Focus’s partner firm and wealth management firm providing client with investment management, financial planning, institutional consulting, and family office services. GYL had over $6.6 billion in assets under management.
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