Connectus to Acquire NorthCoast

INVESTMENT MANAGEMENT DEALS BLOG

October 25, 2021

On September 14, 2021, Connectus Wealth Advisers announced that it will acquire NorthCoast Asset Management LLC.

Under the terms of the transaction Connectus Wealth Advisers (“Connectus”), a partner of Focus Financial Partners, Inc. (“Focus”), will acquire NorthCoast Asset Management LLC (“NorthCoast”). The transaction, subject to customary closing conditions, is expected to close in the third quarter of 2021. Further terms of the agreement were not disclosed.

Connectus, based in New York, is a global consortium of advisers giving wealth management advice through its network of services and resources.

NorthCoast, based in Greenwich, Connecticut, provides investment management and financial planning services and is known for its use of quantitative methods and other proprietary investment solutions. Berkshire Global Advisors, a New York City-based M&A advisory firm, served as financial advisor to NorthCoast for this transaction.

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