Focus Financial Partners Announces Agreements for Two Partner Firm Acquisitions

Focus Financial Partners announced that definitive agreements have been entered into under which Aurora Financial Advisors, LLC will join The Colony Group, LLC, and WG&S, LLP  will join Gelfand, Rennert & Feldman, LLC.

Each of these transactions is expected to close in the first quarter of 2019, subject to customary closing conditions.

• The Colony Group, LLC (“Colony”), Boston, Massachusetts: Aurora, an independent wealth management firm based in Wellesley, Massachusetts, will join Colony. Founded in 2002 by Susan Miller, CPA, CFP®, CDFA®, Aurora is known for its extensive experience and expertise in dispute resolution arising from divorce, estate administration, and intra-family disagreements regarding closely-held businesses and jointly-held assets. Like Colony, Aurora also offers an array of high-touch wealth management services along with tax planning and preparation for families and businesses. This transaction will provide Aurora with dedicated management, compliance, marketing and operations teams enabling their advisors to focus more of their time and attention on their clients.

• Gelfand, Rennert & Feldman, LLC (“GR&F”), Los Angeles, California: WG&S, a leading multi-family office and business management firm, will join GR&F, a full-service multi-family office and business management firm headquartered in Los Angeles. Founded by Eric Wasserman, Howard Grossman and Michael Sloan, WG&S has offices in Northern and Southern California, Delaware, and Texas. Like GR&F, WG&S works with clients in the entertainment industry and has strong expertise in servicing ultra-high net worth individuals and families. This transaction will provide WG&S with additional resources and infrastructure for future growth. GR&F will benefit from WG&S’s expertise in the ultra-high net worth family office space and access to the Northern California market.

“Supporting our partner firms’ entrepreneurial visions and devotion to their clients is our mission at Focus. Providing access to capital and operational expertise is key in facilitating mergers and acquisitions,” said Rudy Adolf, Founder, CEO and Chairman at Focus.

“Through M&A, clients always benefit from a broader range of services and deeper bench strength.”