On October 3, 2024, it was reported that Kovitz Investment Group agreed to acquire Fort Pitt Capital Group.
Kovitz Investment Group (“Kovitz”) agreed to acquire Fort Pitt Capital Group (“Fort Pitt”) in a deal projected to close in the fourth quarter of 2024. Both firms are affiliated with Focus Financial Partners (“Focus”). Further terms of the deal were not disclosed.
Kovitz, based in Chicago, Illinois, is a registered investment advisor firm owned by Focus that provides asset management and long-term investment solutions. Kovitz has approximately $24 billion in client assets.
Fort Pitt, based in Pittsburgh, Pennsylvania, is a registered investment advisor firm and Focus partner that provides financial advisory and investment management services. Fort Pitt has approximately $5.9 billion in assets under management.
To read the press release: please click here.