Focus Financial Partners Inc., a network of wealth management and related financial services firms, announced that five U.S.-based business lines within its partner firm, Connectus Wealth Advisers, have formally joined The Colony Group, LLC, a Focus firm.
As reported by Barron's, the business lines now part of The Colony Group include Atlas Private Wealth Management, Connectus Private, Hunt Valley Wealth, Mid-Continent Capital, and NEIRG Wealth Management. This integration will provide Connectus advisors and clients with enhanced services and capabilities, such as access to Colony's open architecture investment platform, in-house tax planning, and family office services. The transaction also adds senior-level talent to Colony, bolstering its presence in key markets including Chicago, greater Baltimore, and South Florida.
This move aligns with Focus Financial's strategy to consolidate operations and enhance scale. Earlier this year, the company designated Colony and Kovitz Investment Group Partners as "hubs" for smaller partner firms to merge into, promoting greater efficiency and scale within the organization.
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