Focus Financial Partners Inc., an interdependent partnership of wealth management, business management, and related financial services firms, announced that Focus Partners Wealth, LLC will acquire David Wealth Management, LLC in a transaction expected to close in the third quarter of 2025, subject to customary closing conditions.
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Upon closing, David Wealth will be the second external acquisition for Focus Partners Wealth since its rebrand in January 2025, following the acquisition of Churchill Management Corporation last month. David Wealth is expected to add approximately $239 million, measured as of March 31, 2025, to Focus Partners Wealth’s existing regulatory assets under management.
“M&A remains a key strategic priority as we continue to bring together exceptional firms that share our commitment to delivering greater value and service to clients and their advisors,” said Adam Birenbaum, President, Focus Financial Partners, and CEO of Focus Partners Wealth. “By joining forces with Focus Partners Wealth, David Wealth will have access to far greater resources and capabilities to deliver more value to their clients. I’m grateful to the David Wealth team for trusting Focus Partners Wealth in this important transaction and we look forward to welcoming them to our company.”
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Based in Fairfax, Virginia, David Wealth has been an independent wealth management firm led by Jim David since 2012. The merger strengthens Focus Partners Wealth’s presence in the greater Washington, DC area – an important and strategic growth market for the company.
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“I have known the team at Focus Partners Wealth for many years, and the caliber of their people made them an ideal partner,” said Jim David, Managing Member of David Wealth. “As a multi-generational firm, we are deeply committed to delivering exceptional service to the families who entrust us with their financial futures. Joining Focus Partners Wealth allows us to continue providing the personalized guidance our clients expect, supported by the expanded resources and expertise of a like-minded team. We are thrilled to begin this next chapter and look forward to a bright future together.”
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Source: businesswire