Crestwood Advisors to Acquire MacGuire, Cheswick & Tuttle; Patton Albertson to Acquire Anthony Smith Advisors

March 15, 2019

On February 19, 2019, Focus Financial Partners announced that MacGuire, Cheswick & Tuttle and Anthony Smith Advisors will be joining its partner firms Crestwood Advisors Group and Patton Albertson & Miller, respectively.


After the respective transactions: (1) Crestwood Advisors Group, LLC (“Crestwood”) will provide portfolio and wealth management solutions for MacGuire, Cheswick & Tuttle Investment Counsel LLC’s (“MacGuire”) existing clients and ultimately succeed MacGuire’s partners, and (2) the addition of Patton Albertson & Miller Group, LLC’s (“Patton”) resources and team will aid Anthony Smith Advisors, Inc.’s (“Anthony Smith”) financial services business. The transactions are both expected to close in the second quarter of 2019. Further terms of the deals were not disclosed.

Focus Financial Partners Inc. (NASDAQ: FOCS), founded in 2004, is a partnership of wealth management firms that provides resources to its partner firms which offer a wide range of wealth management services.

Crestwood is a Boston-based investment management and wealth advisory firm that offers investment and wealth management services and solutions to high-net-worth clients.

MacGuire, founded in 2009, is a Connecticut-based investment management firm that provides investment management services to high-net-worth individuals and families.

Patton is a Tennessee-based fee-only wealth management and advisory firm that provides wealth management and financial planning services to high-net-worth individuals and families, businesses and institutions.

Anthony Smith, founded in 1994, is a fee-only financial planning and investment strategy firm based in Atlanta, GA that offers financial and retirement planning services and investment, wealth, and tax management services to individuals and families.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions