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NEW YORK, NY / ACCESSWIRE / November 22, 2021 / Focus Financial Partners inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent trust management companies, today announced that it has entered into a definitive agreement under which Derby and Company, Inc. (“Derby”), a registered investment advisor based in Newton, MA, will join Focus’s partner firm The Colony Group, LLC (“Colony”). The transaction is expected to close later this year, subject to customary closing conditions.
Founded in 1987, Derby provides investment management and financial planning services to high net worth individuals and families. Led by Mark and Jonathan Derby, the team offers wealth management services and investment expertise focused on building individualized portfolios comprised of ETFs, mutual funds, bonds and private equity. Derby will help Colony grow its presence in New England with the addition of a talented team with deep expertise. Colony will provide Derby customers with enhanced support and access to a wider range of wealth management services, while also enabling the Derby team to leverage Colony’s operational infrastructure. Mark and Jon will join Colony as Directors and Senior Wealth Advisors.
“Mark and Jon run a successful business and a very impressive team, and we are delighted to have them join The Colony Group. They have built a strong customer base with close relationships, and we look forward to this partnership which strengthens our combined business. Said Michael Nathanson, President and CEO of Colony.
“We are delighted that the Derby team are joining Colony, scoring the Focus’ 23e merger on behalf of its partner companies since the start of the year, and Colony’s fifth merger with a leading company this year, ”said Rudy Adolf, Founder, CEO and Chairman of Focus. “The addition of Derby will further expand Colony’s impressive market share in the New England wealth management market. Colony is constantly looking to add talented teams to its pool of advisors and investment staff, and the Derby team will be a great addition. “
About Focus Partenaires Financiers inc.
Focus Financial Partners Inc. is a leading partnership of independent trust wealth management companies. Focus provides access to best practices, resources and continuity planning for its partner firms that provide individuals, families, employers and institutions with comprehensive wealth management services. Focus’s partner companies maintain their operational independence, while benefiting from the synergies, scale, economy and best practices offered by Focus to achieve their business objectives. For more information on Focus, please visit www.focusfinancialpartners.com.
About The Colony Group, LLC
The Colony Group, LLC (“Colony”) is an independent wealth management and business firm, registered with the Securities and Exchange Commission (“SEC”) with offices in California, Colorado, Connecticut, Florida, Maryland, Massachusetts, New Hampshire, New Jersey, New York and Virginia. Registration with the SEC does not imply a certain level of skill or training, and does not imply that the SEC has approved or approved the qualifications of Colony or its representatives. With origins dating back to 1986, Colony offers individuals and families, executives, business owners, entrepreneurs, athletes and artists, institutions and non-profit organizations a deep expertise that goes beyond investment management and may encompass tax, estate, retirement and philanthropic planning, asset allocation and sustainable investment solutions, family office services, business management services, divorce services and Dispute Resolution and Life Enrichment Services via Curated by ColonyMT. For more information about the colony, please visit www.thecolonygroup.com.
Caution Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that reflect Focus’s current views regarding certain current and future events. These forward-looking statements are and will be subject to numerous risks, uncertainties and factors relating to the operations and the business environment of Focus which may cause future events to differ materially from these forward-looking statements or anything implied therein. All forward-looking statements contained in this press release are based on information available to Focus as of the date of this press release. Focus does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes clearly indicate that the statements expressed or implied therein will not be made. Additional information on risk factors that may affect Focus can be found in the documents filed by Focus with the Securities and Exchange Commission.
Investor and media contacts
Senior Vice President
Head of Investor Relations & Corporate Communication
Focus Financial Partners
Phone. : + 1-646-813-2909
Investor Relations and Corporate Communication
Focus Financial Partners
Phone. : + 1-646-560-3999
THE SOURCE: Focus Financial Partners
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