Focus Financial Partners said an RIA based Silicon Valley with $2 billion in client assets has joined its partnership: Bordeaux Wealth Advisors, which works with clients across the West.
The team was founded by two professionals who were previously with the wealth management group Brownson, Rehmus & Foxworth.
“Bordeaux Wealth Advisors … has already built a solid foothold in the ultra-high-net-worth market in the [San Francisco] Bay Area,” said Rudy Adolf, founder and CEO of Focus, in a statement. “We expect Bordeaux Wealth Advisors to become a hub for attracting top-tier wealth management talent in the Western U.S.”
The wealth group is led by Tom Myers, who worked as principal for Brownson, Rehmus & Foxworth for more than 10 years after working for Bessemer Trust, Morgan Stanley and Deloitte, and Dave Murdock, who has previously been with Silvercrest Asset Management and Northern Trust (before joining Myers at Brownson).
“Our relationship with Focus originated out of a need to plan for the future for our firm,” Myers explained in a press release.
“We intend to build Bordeaux Wealth Advisors not only to serve our clients and their families, but also to support multiple generations of advisors at the firm,” he added.
Among Focus Financial’s other recent additions is a $800 million RIA, CFO4Life, in Coppell, Texas, which has additional offices in Fort Worth, as well as in Pittsburgh and Fort Wayne, Indiana.
— Check out Focus Financial to Sell Big Stakes to KKR, Stone Point on ThinkAdvisor.