Focus Financial Partners added an RIA with $16.5 billion in assets under management, its largest partner firm ever, weeks after securing an infusion of cash from two private equity companies.
The RIA aggregator has inked partnership deals with 10 firms so far this year and 48 since it launched 11 years ago. The New York-based firm is set to acquire a majority stake in the revenues of Boston-based SCS Capital Management, according to an announcement this week by Focus.
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