Focus Financial Partners has inked its biggest partnership deal to date and its 10th deal of the year.
On Monday, New York-based Focus said SCS Financial and its RIA — with $16.5 billion in assets — will join it Focus partnership. (SCS has its main offices in Boston and New York.)
“Partnering with one of the most respected teams in the industry demonstrates the unique power of our model,” said CEO Rudy Adolf, in a statement.
“We are committed to being the go-to partner for entrepreneurial, elite wealth management firms in the U.S. and beyond. With the recently announced investment by Stone Point Capital and KKR, we are just starting a new chapter in Focus’ history,” Adolf explained.