On September 22, 2022, Focus Financial Partners announced a plan to acquire FourThought Private Wealth.
Under the terms of the transaction, Focus Financial Partners (“Focus Financial”) will acquire FourThought Private Wealth (“FourThought”). The transaction is scheduled to close in the fourth quarter of 2022, subject to standard closing conditions.
Focus Financial (Nasdaq: FOCS), based in New York, is a financial firm specializing in investments to registered investment advisers. Focus Financial has $350 billion assets under management.
FourThought, based in Venice, Florida, is a registered investment advisor with full-scale wealth management offerings for high net worth individuals, families, and business owners. FourThought manages over $1.2 billion in client assets.
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