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Focus Financial Adds Two RIAs with Combined $800 Million

February 22, 2019

Focus Financial Partners, fresh off bringing on a $1.3 billion RIA based in Boston, has added two more RIAs in Connecticut and Georgia, according to news reports.

Darien, Conn.-based MacGuire, Cheswick & Tuttle Investment Counsel, founded in 2001 as K.A. MacGuire & Company, managed $597 million as of Dec. 31, 2017, FA-IQ sister publication FundFire writes, citing the firm’s Form ADV.

Susan Brewer, one of the firm’s current managing directors, declined to disclose the RIA’s updated assets under management to FundFire. Focus Financial is rolling MacGuire, Cheswick & Tuttle into existing partner firm Crestwood Advisors Group, according to the publication.

Atlanta-based Anthony Smith Advisors, meanwhile, managed $217 million in discretionary and non-discretionary assets as of the end of 2017, FundFire writes, citing the firm’s Form ADV from March 2018.

Focus Financial is rolling the firm into partner firm Patton Albertson Miller Group, according to the publication.

Both deals are expected to close at the end of the first half of 2019, FundFire writes.

Focus Financial also recently brought on Boston-based Foster Dykema Cabot & Co., which managed $1.37 billion as of March 2018.

And in January, Focus was joined by Hurricane, W.V.-based Lanham O’Dell & Company, Inc., which manages around $652 million. Also in January, Focus Financial’s partner firm Carnick & Kubik Group brought on Weatherstone Capital Management, while Buckingham Strategic Wealth acquired Insero Wealth Strategies, according to FundFire.

By Alex Padalka
  • To read the FundFire article cited in this story, click here if you have a paid subscription.