Connectus Wealth Advisers, a registered investment advisory firm owned by Focus Financial Partners, has agreed to acquire a British independent firm, Watterson Financial Planning, that's based in Knutsford, Cheshire.
The deal, which is expected to close this quarter, is the first Focus acquisition in the United Kingdom. The firm currently operates in the U.S. and Australia.
Connectus is a Focus unit that acts as an umbrella RIA for advisers who wish to continue managing client relationships and maintain their boutique cultures, but not handle the operational and infrastructure needs of running an independent RIA firm.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.