On June 23, 2025, Focus Financial Partners announced its agreement to acquire David Wealth Management.
Focus Financial Partners (“Focus”) announced, on June 23, 2025, its agreement to acquire David Wealth Management (“David”), through its wholly owned subsidiary, Focus Partners Wealth, LLC (“Focus Partners”). Under the terms of the transaction, David’s team will join Focus Partners. The deal is expected to close in the third quarter of 2025. Further terms of the transaction were not disclosed.
Focus (Nasdaq: FOCS), based in New York, is an interdependent partnership of wealth management, business management, and related financial services firms specializing in investments in registered investment advisors. Focus has over $400 billion in assets under management.
Focus Partners, based in Boston, is a registered investment advisor offering wealth management and specialized planning services. Focus Partners has over $140 billion in assets.
David, based in Fairfax, Virginia, is a registered investment advisor offering retirement, investing, estate planning, and tax strategy services. As of March 31, 2025, David had approximately $239 million in assets under management.
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