Focus splits $8.7bn US business of Connectus between Colony and Kovitz (2024)

Table of Contents
IAN WENIK, CITYWIRE RIA Editor’s Picks The transactions closed on June 1 and leaves Connectus's Australian business intact. Leave a comment Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli. IAN WENIK, CITYWIRE RIA Editor’s Picks Opinion & Analysis Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli. Better Business Client surveys and regular meetings with advisors are two ways to build a consistent client experience, Wealth Enhancement Group chief executive Jeff Dekko and Summit Financial chief executive Stan Gregor said at Goldman Sachs' inaugural RIA conference. Connect Another selection of the best pictures from Citywire RIA's CIO Summit in Austin, Texas. ETFS The firm also launched a 2x ether ETF. Both come as multiple other firms ready their spot ethereum products. Publications DUE DILIGENCE REPORTS References

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (1) Focus splits $8.7bn US business of Connectus between Colony and Kovitz (2)

IAN WENIK, CITYWIRE RIA

Editor’s Picks

community Jun 05, 2024

How a Super Bowl champion wide receiver joined the RIA industry

Technology Jun 05, 2024

Exclusive: Orion to require return to office in fall, preps India hiring push

Artificial Intelligence Jun 05, 2024

Investors are beginning to trust AI but still prefer advisors, Finra says

Opinion Jun 04, 2024

OPINION: To attract and retain the best, RIAs need to tailor their incentives

Opinion May 30, 2024

OPINION: The dirty little secret about RIA organic growth

Jun 03, 2024

The transactions closed on June 1 and leaves Connectus's Australian business intact.

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (3)

By Ian Wenik

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (4)

Twitter Facebook Linkedin WhatsApp >print comments

Focus Financial Partners has split the US business of affiliate Connectus Wealth Advisers between two of its ‘hub’ firms.

The RIA financier said Monday that The Colony Group has acquired five Connectus brands: Atlas Private Wealth Management, Connectus Private, Hunt Valley Wealth, Mid-Continent Capital and NEIRG Wealth Management. Kovitz Investment Group has acquired Connectus brand NorthCoast Asset Management.

Financial terms of the transactions, which closed on June 1, were not disclosed. Boston-based Colony is adding roughly $5.3bn in assets through its deals, while Chicago-based Kovitz is adding roughly $3.4bn in assets through its addition of NorthCoast Asset Management.

To continue reading, register for a free Citywire account

By clicking Register you agree to our .
Our privacy policy is available to read at any time here.

To read this article please sign in

Don't have an account?

Twitter Facebook Linkedin WhatsApp >print comments

Related News

Focus-backed Buckingham and Colony to merge, creating $115bn RIA Focus Financial Partners names Michael Nathanson CEO Focus Financial Partners to merge Colony Group and Connectus, creating $30bn RIA -source

Show and add comments

Loading...

Leave a comment

Please sign in or register to comment. It is free to register and only takes a minute or two.

Sign in Register

See Also
Here’s what to know ahead of Hunter Biden’s trial on federal gun charges | CNN PoliticsThe dirty secret behind data backup | CTechElla Purnell Wants the Gritty Stuff

Practice Management Jun 07, 2024 Story By Jake Indursky

Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli.

Financial Planning Jun 07, 2024

Niche of the Week: Special needs trusts

By Reagan Darrah

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (5)

Jun 07, 2024

Cresset buys 130-year-old family office, bringing AUM above $52bn

By Payton Guion

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (6)

Regulation Jun 07, 2024

SEC committee panel: Industry experts call for disclosure rules around AI

By Sam Bojarski

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (7)

Technology Jun 06, 2024

Ex-Certuity staffer and I-banker team up to launch data biz for RIA acquirers

By Ian Wenik

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (8)

executive changes Jun 06, 2024

David Canter joins board of $7.5bn PE-backed RIA

By Payton Guion

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (9)

Jun 06, 2024

$9bn Soltis Advisors swaps out Emigrant for new PE backers

By Jake Indursky

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (10)

More Top Stories

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (11) Focus splits $8.7bn US business of Connectus between Colony and Kovitz (12)

IAN WENIK, CITYWIRE RIA

Editor’s Picks

community

How a Super Bowl champion wide receiver joined the RIA industry

Technology

Exclusive: Orion to require return to office in fall, preps India hiring push

Artificial Intelligence

Investors are beginning to trust AI but still prefer advisors, Finra says

Opinion

OPINION: To attract and retain the best, RIAs need to tailor their incentives

Opinion

OPINION: The dirty little secret about RIA organic growth

Get the latest news in your inbox

By clicking Sign up you agree to our .
Our privacy policy is available to read at any time here.

Opinion & Analysis

Practice Management Story By Jake Indursky

Team-based RIAs are growing faster than solo shops: Cerulli

Team-based practices produced an average of $21m in net asset inflows in 2023, compared to $8m on average for solo practices, according to Cerulli.

Opinion

OPINION: The dirty little secret about RIA organic growth

Fund analysis

The best and worst Real Estate funds
Bernie Clark: Independent RIAs shouldn't emulate wirehouses, even as they scale

Opinion

Opinion: It’s a great time to be a mid-sized RIA

Opinion

Should individual investors care about active ETFs?

Opinion

BREIT feels the heat but fund’s flaws are not unique

Read more

Better Business

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (13)

Practice Management Story By Sam Bojarski

WEG, Summit Financial CEOs: Listen to build a better client experience

Client surveys and regular meetings with advisors are two ways to build a consistent client experience, Wealth Enhancement Group chief executive Jeff Dekko and Summit Financial chief executive Stan Gregor said at Goldman Sachs' inaugural RIA conference.

Practice Management

'This too shall pass': Orion execs share how to guide clients through chaos

Financial Planning

Niche of the Week: Entrepreneurs and career changers

Opinion

Passive investing, Marxism and the devil within lifecycle strategies

Financial Planning

Niche of the Week: Veterinarians

From Kitces.com

Kitces.com: How advisors can deploy advanced ChatGPT in their practices

Financial Planning

The median financial planner earned nearly $200k in 2022: CFP Board

Read more

Connect

photo gallery Story By Citywire RIA

Photo gallery: Citywire RIA Austin 2023, day 2

Another selection of the best pictures from Citywire RIA's CIO Summit in Austin, Texas.

photo gallery

Photo gallery: Citywire RIA '50 Growers' award ceremony

photo gallery

Photo Gallery: Citywire RIA Austin 2023, Day 1
Photo Gallery: Citywire RIA Washington 2023, Day 2
Photo Gallery: Citywire RIA Washington 2023, Day 1
Citywire RIA celebrates International Women's Day: Female role models
Citywire RIA celebrates International Women's Day: Decompressing

Read more

ETFS

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (14)

Fund Launches Story By William Johnson

ProShares launches first US -2x ethereum ETF

The firm also launched a 2x ether ETF. Both come as multiple other firms ready their spot ethereum products.

Fund Flows

fund files

Fund Files: Harbor files for small cap ETF; PM departures at Rockefeller, AQR

fund files

Fund Files: Cap Group shakes up PMs on $2.7bn fund

fund files

Fund Files: Touchstone eyes ETF share class clearance; Dimensional files for three active ETFs

Read more

Publications

Due Diligence Report 2024

This special report examines the case for investing in international equity funds, looking at their potential for growth and diversification.

Discover all publications

DUE DILIGENCE REPORTS

Focus splits $8.7bn US business of Connectus between Colony and Kovitz (2024)

References

Top Articles
Easy Taco Soup Recipe (5 Ingredients!) - Wholesome Yum
Loubia (White Bean and Tomato Stew) Recipe
Find Jeopardy Games About fikkle today jeopardy uV
Today's Final Jeopardy - Monday, June 10, 2024
Day 6 Coffee Menu
Conan Exiles Bleed
And Pigs Might Fly (Colour Jets)
When pigs fly: And Other Children's Stories: A. M. Andersen: Trade Paperback: 9788743055365: Powell's Books
Indiana Wesleyan Academic Calendar 2023-24
How to Dress for the Apocalypse | Castle of Chaos
Wave of teacher absences forcing Vegas-area school closures deemed an illegal strike, judge finds
Rising costs force CCSD to reassess school rebuilding plans
Latest Posts
Easily Cook a Frozen Turkey - Super Simple Recipe, Delicious Turkey!
Keto Cheese Crisps Recipe in 5 Minutes
Article information

Author: Mrs. Angelic Larkin

Last Updated:

Views: 5778

Rating: 4.7 / 5 (67 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Mrs. Angelic Larkin

Birthday: 1992-06-28

Address: Apt. 413 8275 Mueller Overpass, South Magnolia, IA 99527-6023

Phone: +6824704719725

Job: District Real-Estate Facilitator

Hobby: Letterboxing, Vacation, Poi, Homebrewing, Mountain biking, Slacklining, Cabaret

Introduction: My name is Mrs. Angelic Larkin, I am a cute, charming, funny, determined, inexpensive, joyous, cheerful person who loves writing and wants to share my knowledge and understanding with you.