New York, 07/01/2021 / 5:25 PM, EST / EDT – EQS Newswire – Focus on Financial Partners

NEW YORK, NY / ACCESSWIRE / July 1, 2021 / Focus Financial Partners inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent trust management companies, today announced that it has entered into a definitive agreement under which Collins Investment Group (“Collins Investment Group” or “CIG”), a wealth management practice in Bethesda, Md., Will join partner firm Focus based in Rockville, Md.. XML Financial Group (“XML”). The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions.

Robert Collins founded Collins Investment Group in 2008 to provide comprehensive wealth management and investment services to high net worth clients located across the country. For the past twenty years, Bob has been included in the Forbes Best Wealth Advisorlist from 2019 to 2021, and in the Barron’s 1,200 best financial advisor in the United States list from 2016 to 2018 and 2020 to 2021, and in the Forbes America’s Best Wealth Advisors list in 2020. This transaction will allow the CIG team to leverage XML operational resources to support CIG’s continued growth. CIG will also have access to the extensive services and investment capabilities of XML to enhance the experience of its customers. For XML, the addition of CIG will strengthen its geographic presence in the broader Washington, DC market and further position the company for growth in the Mid-Atlantic region. The CIG leadership team will join the XML leadership team, adding in-depth regional expertise.

“Like the CIG team, XML strives to deliver exceptional wealth management solutions to our clients,” said Brett Bernstein, CEO and co-founder of XML. “We are delighted to welcome a team of CIG’s reputation, the result of its long-standing commitment to personalized advice. We look forward to the completion of this transaction in the fall and many years of partnership and continued success.

“We are delighted that the CIG team will join XML later this year,” said Rudy Adolf, Founder, CEO and President of Focus. “This transaction not only extends XML’s presence in the high net worth market in their region, but also brings together two very complementary activities. It also reinforces the value of Focus’s scale, network and highly differentiated M&A expertise to our partners. The business expansion that our partner companies achieve through mergers is a powerful catalyst for the overall growth of our partnership.

About Focus Partenaires Financiers inc.

Focus Financial Partners Inc. is a leading partnership of independent trust wealth management companies. Focus provides access to best practices, resources and continuity planning for its partner firms that provide individuals, families, employers and institutions with comprehensive wealth management services. Focus’s partner companies maintain their operational independence, while benefiting from the synergies, scale, economy and best practices offered by Focus to achieve their business objectives. For more information on Focus, please visit www.focusfinancialpartners.com.

About XML Financial Group

XML Financial Group (“XML”) is an independent wealth management and investment firm headquartered in Rockville, Maryland. XML offers a range of wealth management and investment services to high net worth individuals, businesses and families across the country. For more information on XML, please visit www.xmlfg.com.

About Top Forbes Advisors List

The Forbes ranking of the best wealth advisers, developed by SHOK search, is based on an algorithm of qualitative criteria, obtained through telephone, virtual and in-person interviews, and quantitative data. The advisers considered have at least seven years of experience and the algorithm weighs factors such as revenue trends, assets under management, compliance records, industry experience, and those that encompass best practices in their approach. working with clients. Portfolio performance is not a criterion due to varying client goals and lack of audited data. Neither Forbes nor SHOOK receives any fees in exchange for rankings.

About Barron’s 1,200 Best Financial Advisors List

Counselors who wish to be ranked complete a survey of 102 questions about their practice. This data is verified with consulting firms and regulatory databases, and a ranking formula is then applied to the data to generate a ranking. The formula has three main categories of calculations: (1) Assets; (2) Income; and (3) Quality of practice. In each of these categories, several sub-calculations are performed.

About Forbes America’s Best Wealth Advisors List

The Forbes ranking of the best American wealth advisers, developed by SHOK search, is based on an algorithm of qualitative criteria, obtained mainly through telephone and in-person interviews, and quantitative data. The advisers considered have at least seven years of experience and the algorithm takes into account factors such as revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and their approach to working with clients. Portfolio performance is not a criterion due to varying client goals and lack of audited data. Neither Forbes nor SHOOK receives any fees in exchange for rankings.

Caution regarding forward-looking statements

This press release contains certain forward-looking statements that reflect Focus’s current views regarding certain current and future events. These forward-looking statements are and will be subject to numerous risks, uncertainties and factors relating to Focus’s operations and business environment, including, without limitation, the uncertainty surrounding the current COVID-19 pandemic, which may lead to significantly different future events. of these forward-looking statements or anything implied therein. All forward-looking statements contained in this press release are based on information available to Focus as of the date of this press release. Focus does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes clearly indicate that the statements expressed or implied will not be made. Additional information on risk factors that could affect Focus can be found in the documents filed by Focus with the Securities and Exchange Commission.

Investor and media contact

Tina Madon
Senior Vice President
Head of Investor Relations & Corporate Communication
Focus Financial Partners
Phone. : + 1-646-813-2909
[email protected]

SOURCE: Focus Financial Partners

07/01/2021 EQS Newswire / EQS Group AG



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