Focus Financial Pulls in $3 8 Billion in AUM Seattle Firm
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Focus Financial Pulls in $3 8B in AUM Seattle Firm
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
Focus Financial acquired ARS Wealth Advisors to expand its Florida presence.
Focus Financial Partners, a publicly traded RIA consolidator, agreed to acquire ARS Wealth Management, a 24-year-old firm based in St. Petersburg, Fla., according to a Monday announcement.
Details of the transaction were not disclosed, except for the expectation that it will close in the third quarter of 2021.
ARS turned to Focus after years of consideration searching for a partner to allow it to increase capital and maintain autonomy over its business while adding services such as cash management and lending from Focus Client Solutions along with Focus’ newest trust and insurance services.