Focus Financial Partners, a platform for independent, fiduciary wealth management firms, announced that Icon Wealth Partners, a registered investment adviser headquartered in Houston, Texas, has agreed to join its platform.
Founded in 2017, Icon Wealth Partners is a boutique firm with almost $2 billion in assets under management offering advice to nearly 3,000 high net worth families, business owners, corporate executives, law firms and foundations around the country. In addition to providing investment advice and management as well as financial planning services, the firm also focuses on business strategy, exit planning and tax and estate strategies.
Icon founder and Managing Partner Blake Pratz said he was impressed with Focus’ track record and found their platform was well suited to his clients’ needs, while allowing his firm to retain independence.
"Focus' industry-leading M&A capabilities and deep industry expertise were important factors in our decision to become a Focus partner firm,” Icon Managing Partner James Pavlik said in a statement. “We believe having a committed, strategic partner in Focus will also enable us to continue to attract and retain high quality, like-minded financial advisors.”
"As we look to grow our presence in Texas and the surrounding area, we are delighted to be able to draw on and leverage the proven management team at Icon Wealth Partners,” said Focus CEO and Chairman Rudy Adolf.
The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.
A publicly traded RIA aggregator, Focus Financial Partners closed on 38 M&A deals last year and has shown little sign of slowing down. The firm posted first quarter revenue of $536.6 million in 2022, a 36% year-over-year increase that exceeded expectations in spite of market turmoil and geopolitical uncertainties.
In December, Adolf articulated some ambitious growth goals, saying he expects to grow to 125 partner firms, $4 billion in revenue, $1.1 billion in EBITDA and 28% margins by 2025.
This means, you take one article, and you use the article distribution system. It will generate thousands of unique versions of your article, and publish those unique articles to hundreds of websites that are related to your niche.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
