On August 5, 2024, Focus Financial Partners Inc. announced that The Colony Group will acquire HoyleCohen LLC.
Focus Financial Partners Inc. (“Focus”) announced, on August 5, 2024, that it entered into a definitive agreement under which its fellow firm, The Colony Group (“Colony”), will acquire HoyleCohen LLC (“HoyleCohen”). The transaction is expected to close in the third quarter of 2024. 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 July 2024, Colony had over $21 billion in assets under management.
HoyleCohen, based in San Diego, California, is a registered investment advisor providing long-term wealth management services. As of June 2024, HoyleCohen had approximately $3.6 billion in assets under management.
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