NEW YORK, USA – ACCESSWIRE – October 2, 2021 – Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading association of independent wealth management trust firms, announced today that it has entered into a definitive agreement under which New England Retirement and Investment Group, Inc. (“NEIRG”), a registered investment advisor based in North Andover, MA, will join Connectus wealth advisers (“Connect”). The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.
Founded in 1995, NEIRG provides comprehensive wealth management services to high net worth individuals and families, trusts, estates, gifts, and retirement plans. Through sophisticated financial planning and a differentiated investment management approach, including access to proprietary alternative investment solutions, NEIRG provides its clients with highly personalized services to help them achieve their goals.
“Joining Connectus will position us to achieve the next phase of our firm’s evolution and growth while maintaining our boutique service focus and culture. Connectus will equip us with a very compelling set of tools and resources, which will further enhance our ability to meet the unique needs of each of our customers, ”said Nick Giacoumakis, President and Founder of NEIRG. “Leveraging these capabilities to expand our business and deepen our customer relationships will make this an ideal partnership.”
“The NEIRG team is a very experienced group and an impressive new member of the Connectus family,” said Rajini Kodialam, co-founder and COO of Focus. “This transaction is evidence of the continued strong momentum of Connectus in the United States. Connectus’ ability to empower advisers, through access to deep resources and cutting-edge customer service capabilities, provides a unique balance of scale and expertise with a vital emphasis on customer relationship. We are confident that NEIRG will benefit from all that Connectus has to offer to drive its continued growth. “
About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading association of independent wealth management trust firms. Focus provides access to best practices, resources, and continuity planning for its partner firms serving individuals, families, employers, and institutions with comprehensive wealth management services. Focus’ partner firms maintain their operational independence, while benefiting from the synergies, scale, economy and best practices that Focus offers to achieve their business objectives. For more information on Focus, visit www.focusfinancialpartners.com.
About Connectus Wealth Advisers
Connectus is a global consortium of client-focused advisors who provide comprehensive wealth management advice through access to expanded services, shared resources, and best practices. Connectus exemplifies the spirit of partnership and collaboration, but celebrates the entrepreneurial mindset of its advisors. Connectus is designed for founders and teams who want to continue to manage their customer relationships and maintain their boutique cultures, while gaining the operational efficiency of shared infrastructure and access to expanded customer service capabilities.
Through Focus, Connectus advisors gain a strategic growth partner with specialized expertise. They benefit from Focus’ scale and extensive network, continuity planning, insights and best practices. The focus is also a permanent source of capital to accelerate growth and improve business and client results. For more information please visit www.connectuswealth.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements that reflect the current views of Focus with respect to certain current and future events. These forward-looking statements are and will be subject to many risks, uncertainties, and factors related to Focus’s operations and business environment, including, but not limited to, the uncertainty surrounding the current COVID-19 pandemic, which may result in events futures are materially different. of these forward-looking statements or anything implied by them. Any forward-looking statements in this release are based on information available to Focus as of the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes make it clear that the statements expressed or implied therein will not be made. Additional information on risk factors that could affect Focus can be found in Focus’s filings with the Securities and Exchange Commission.