Australian firm to join Focus Financial Partners

Australian firm to join Focus Financial Partners
Roll-up's latest addition has $640 million in assets
FEB 19, 2019
By  Bloomberg

Escala Partners, a wealth management firm headquartered in Melbourne, Australia, with offices in Sydney and Perth, will join Focus Financial Partners sometime in the second quarter, the company said in a release. Escala, which manages the equivalent of U.S. $3.5 billion, was founded in 2013. (More: 6 biggest RIA acquisitions of 2018) Focus said that it considers Australia to be "an important and attractive market," along with Canada, where it just completed its second transaction, the United Kingdom and Western Europe.

Latest News

Former Wells Fargo exec Brendan Krebs emerges at PNC
Former Wells Fargo exec Brendan Krebs emerges at PNC

The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.

Trio of advisors switch for 'Happier' times at LPL Financial
Trio of advisors switch for 'Happier' times at LPL Financial

Former Northwestern Mutual advisors join firm for independence.

Indie $8B RIA adds further leadership talent amid growth drive
Indie $8B RIA adds further leadership talent amid growth drive

Executives from LPL Financial, Cresset Partners hired for key roles.

Stock volatility remained low despite risk events
Stock volatility remained low despite risk events

Geopolitical tension has been managed well by the markets.

Fed minutes to provide signals on rate cuts
Fed minutes to provide signals on rate cuts

December cut is still a possiblity.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound