Horan Capital Management, a registered investment adviser managing $723.4 million in Hunt Valley, Maryland, is being purchased by Connectus Wealth Advisers, a British-based international consortium of advisory firms that is owned in part by Focus Financial.
According to a statement, the deal will give Connectus a presence in the mid-Atlantic region.
The transaction is expected to close later this month.
The deal is Focus Financial's 22nd M&A transaction this year, the statement said. Earlier today, Focus announced that it had made an investment in in Kavar Capital Partners, a Leawood, Kansas-based RIA managing $682 million.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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