Focus Financial Partners is adding Kavar Capital Partners, an RIA based in Leawood, Kansas, that works with $682 million of assets owned by high-net-worth and institutional investors across the U.S..
Kavar is the seventh partner firm addition year to date for Focus, says Rudy Adolf, Focus founder, CEO and chairman.
Focus also recently recruited advisor Debra Brede away from Commonwealth Financial Network. Brede and the rest of her nine-person team joined Focus partner firm GW & Wade in Wellesley, Massachusetts.
Tuesday’s news came about a month after Focus struck a deal to acquire Fairway Wealth Management, an RIA with $1.6 billion under management in the Cleveland area. That was Focus’ 15th transaction of 2020; at the time, it had more than $200 billion in client assets across its partnership of 65 firms.