Focus Partners Wealth is acquiring Churchill Management Corp., a Los Angeles-based RIA and wealth management firm with $9.4 billion in assets under management.
The acquisition is the first to be announced by Focus Partners Wealth since its rebrand in January 2025, which coincided with the launch of Focus Financial Partners’ new “hub” strategy. It is expected to close in the third quarter, with the Churchill business operating as a division of Focus Partners Wealth for a period of time before transitioning to the Focus Partners Wealth brand.
Michael Nathanson, CEO of Focus Financial Partners, cited Churchill’s “commitment to outstanding client service and industry-leading success” as key drivers of the acquisition.
“M&A remains an avenue for us to add high-quality firms that are committed to evolving for the benefit of their clients,” Nathanson said in a statement. “From our first conversation, it was clear that we shared a vision, making this a natural fit and a special opportunity for both firms.”
Churchill was founded in Los Angeles in 1963. Its team of advisors provides investment management and financial planning services to clients nationwide.
“Throughout our more than 60 years of serving clients, our core principle has been to meet and exceed our clients’ financial goals using a comprehensive, multi-strategy approach to investing,” said Randy Conner, president of Churchill. “We are excited to begin providing an even greater depth of services to our valued clients with the resources of Focus Partners Wealth.”
Conner noted that his firm will gain access to a more expansive suite of client services, while Focus Partners Wealth will gain a national, growth-oriented team that complements its presence and service offering.
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