New York, 09/15/2022 / 20:15, EST/EDT – EQS Newswire – Focus Financial Partners
NEW YORK, NY / ACCESSWIRE / September 15, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, today announced that Beaumont Financial Partners, LLC (“Beaumont”), a registered investment advisor based in Needham, MA , has entered into a definitive agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.
Organized in 1999 from earlier company Beaumont Trust Associates (founded 1981), Beaumont provides wealth management services to high net worth individuals and families. Beaumont is considered one of the leading wealth management firms in the New England region and beyond. The company is known for its comprehensive approach to wealth management. The company provides a full range of services including investment management, wealth planning and tax preparation services. Beaumont will continue to be led by Tom Cahill and Larry Fiore as Managing Partners, Phil Dubuque as CIO, and the rest of the leadership team.
“Beaumont serves as a true partner to our clients, whom we support through our collaborative, team-based approach,” said Tom Cahill. “Our strategic relationship with Focus will provide our team with expanded resources and enhance the solutions we can offer our clients through their value-add programs. We appreciate that as a partner company of Focus, we will maintain our culture and entrepreneurial autonomy. Access to Focus’ industry-leading network of 87 peer partners will also enable us to refine our best practices and improve our client experience. With Focus as partner, we are well positioned to drive our growth in the coming years.”
“We are pleased to welcome a company of Beaumont’s caliber and reputation into the Focus partnership as our fourth new partner year to date,” said Rudy Adolf, Founder, CEO and Chairman of Focus. “Beaumont’s track record of growth, the strength of its advisory offering, and its incredible team will be a strong fit in our partnership from day one. Beaumont is growing our extensive presence in and around of Boston, and will benefit from our value-added resources as well as its proximity to other leading Focus partners in the Northeast.”
Colchester Partners, an investment banking and M&A advisory firm, served as financial advisor to Beaumont for this transaction.
About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading partnership of independent wealth management firms. Focus provides access to best practices, resources and succession planning for its partner companies serving individuals, families, employers and institutions with comprehensive wealth management services. Focus partner companies retain their operational independence, while benefiting from the synergies, scale, economies and best practices that Focus offers to achieve their business goals. For more information about Focus, please visit focusfinancialpartners.com.
Beaumont Financial Partners, LLC
Beaumont Financial Partners, LLC is a registered investment advisor based in Needham, MA. The company has a full-scale wealth management offering and provides investment management, financial, retirement and tax planning, death and disability planning, estate planning, insurance solutions, income and asset protection , life transition services, and pension consulting services to its clients. For more about Beaumont please visit https://www.bfpartners.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus’ current views regarding certain current and future events. These forward-looking statements are subject to numerous risks, uncertainties and factors related to Focus’ operations and business environment, including the impact of the conflict in Ukraine, which could cause future events to be materially different from future expectations. statements or anything implied herein. Any forward-looking statements in this release are based on information available to Focus as of the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied herein may not be realized. Additional information on risk factors that may affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.
Investor and Media Contacts
Tina Madon
Senior Vice President
Head of Investor Relations and Corporate Communications
Focus Financial Partners
Q: +1-646-813-2909
[email protected]
Charlie Aretia
Vice president
Investor Relations and Corporate Communications
Focus Financial Partners
Q: +1-646-560-3999
[email protected]
SOURCE: Focus Financial Partners
09/15/2022 EQS Newswire / EQS Group AG