On February 19, 2019, Focus Financial Partners announced that Escala Partners will be joining the partnership.
Under the terms of the agreement, Escala Partners Limited (“Escala”) will join Focus Financial Partners Inc.’s (“Focus”), subject to customary closing conditions. The transaction is expected to close in the second quarter of 2019. Further terms of the deal were not disclosed.
Escala is a wealth management firm, launched in 2013 and based in Melbourne, that provides advisory services to ultra-high net worth individuals, families, nonprofits and institutional investors.
Focus (NASDAQ: FOCS), founded in 2004, is a partnership of wealth management firms that provides resources to its partner firms who operate independently and offer a wide range of wealth management services.
To read the press release: please click here.