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As private equity funds snap up independent financial advisory firms, they re bringing Wall Street business practices to wealth management

As private equity muscles into wealth management's fastest growing niche, it's injecting Wall Street business practices into financial planning.

Focus Financial Partners merging firms in Grand Rapids and Petoskey - Grand Rapids Business Journal

Grand Rapids Business Journal A financial services group acquired a Petoskey firm and is merging it with a Grand Rapids partner firm. New York-based Focus Financial Partners Inc. (Nasdaq: FOCS) a partnership of independent, fiduciary wealth management firms said last week that it entered into a definitive agreement under which Investment Counsel Inc., a registered investment adviser in Petoskey, will join Focus partner firm LaFleur & Godfrey (L&G) based in Grand Rapids. Terms of the deal were not disclosed. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Chris Walker Courtesy Investment Counsel

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