Focus to Partner with Sonora

July 23, 2021

On July 1, 2021, Focus Financial Partners Inc. announced it will partner with Sonora Investment Management, LLC.

Under the terms of the transaction, Sonora Investment Management, LLC (“Sonora”) will join Focus Financial Partners, Inc. (“Focus”). The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions. 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.

Sonora, based in Arizona, is an independent registered investment adviser that provides asset management and financial planning services to high net worth individuals, families and institutions, specializing in individual selection of fixed income and equities securities.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions