On July 3, 2024, Focus Financial Partners Inc. announced that Kovitz Investment Group will acquire Relative Value Partners.
Focus Financial Partners Inc. (“Focus”) announced on July 3, 2024, that Kovitz Investment Group (“Kovitz”), one of Focus’ affiliates, will acquire Relative Value Partners (“RVP”), one of Focus’ partner firms. The deal is expected to close in Q3 of 2024. Further terms of the transaction were not disclosed.
Focus, based in New York, is a financial firm specializing in investments to registered investment advisers. As of June 2024, Focus had $360 billion in assets under management.
Kovitz, based in Chicago, is a registered investment adviser providing investment and wealth management solutions to high-net-worth individuals, institutions, and private funds. Kovitz has been part of Focus since 2016. As of July 2024, Kovitz had approximately $11.3 billion in assets under management.
RVP, based in Northbrook, Illinois, is a registered investment advisor providing wealth management services to high-net-worth individuals, families, and institutions. RVP has been part of Focus since 2015. As of April 2024, RVP had approximately $2.6 billion in assets under management.
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