Focus to Partner with Badgley Phelps

August 2, 2021

On July 1, 2021, Focus Financial Partners Inc. announced it will partner with Badgley Phelps Wealth Managers, LLC.

Under the terms of the transaction, Badgley Phelps Wealth Managers, LLC (“Badgley”) will join Focus Financial Partners, Inc. (“Focus”). The transaction, subject to customary closing conditions, is expected to close in the third 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.

Badgley, based in Seattle, is a registered investment adviser that provides financial planning and investment management services to ultra-high net worth and high net worth individuals, families, corporations, and foundations, specializing in equities, fixed income securities and liquid alternatives. Cambridge International Partners LLC acted as financial advisor to Badgley on the transaction.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions