On September 1, 2021, Focus Financial Partners Inc. announced that it will partner with Ancora Holdings Inc.
Under the terms of the transaction, Ancora Holdings Inc. (“Ancora”) will join Focus Financial Partners, Inc. (“Focus”). The transaction, subject to customary closing conditions, is expected to close in the fourth quarter of 2021. Further terms of the deal were not disclosed.
Focus, based in New York (NASDAQ: FOCS), is a partnership of independent fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms that provide comprehensive wealth management services.
Ancora, based in Cleveland, is a wealth and investment management firm offering wealth planning, asset management and retirement services to high-net-worth individuals and families, along with institutions and foundations. Cambridge International Partners LLC acted as financial advisor to Ancora on the transaction.
To read the press release: please click here.