Below are more deals that occurred this week:
Focus Financial Acquires St. Louis–Based RIA
Focus Financial Partners, a publicly traded acquirer of RIAs, said it has acquired Hill Investment Group, a St. Louis–based firm. Terms of the deal, expected to close later this quarter, were not revealed. Hill Investment Group manages close to $700 million with 12 employees, focused mostly on high-net-worth families.
Morgan Stanley Team Departs to Form All Source Investment Management
RZ Wealth Joined Diversified Lifelong Advisors
The combining of Wayne, Penn.–based RZ Wealth and Diversified Lifelong Advisors in Wilmington, Del., has created an RIA with $900 million in assets under management. RZ’s founder and president, Irvin W. Rosenzweig, will join Diversified’s executive and investment management teams.