Investment manager

Azimuth Capital Management, a leading independent investment manager in the Midwest, will join Focus as a partner firm


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NEW YORK, NY/ACCESSWIRE/February 25, 2022/ Focus Financial Partners Inc.. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent fiduciary wealth management companies, today announced that Azimut Capital Management (“Azimuth Capital”), a registered investment adviser (RIA) headquartered in Bloomfield Hills, Michigan, has reached an agreement to join the Focus partnership. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions.

Founded in 2004 by Ted Haddad, Janet Hewlett, Daniel McEnroe and Paul Ragheb, Azimuth Capital is a leading independent wealth management firm serving ultra-high net worth and high net worth individuals and families, as well as endowments and other institutions. Since its founding, Azimuth Capital has become known for its practical expertise in investment management and the close collaboration with which it works with its clients to help them achieve their financial goals.

“We are thrilled to partner with Focus,” said Ted Haddad, Senior Managing Director and Co-Founder. “We were attracted to the Focus partnership because Focus values ​​and protects the entrepreneurial spirit of RIAs while providing the resources to help us further improve our customer service and continue to grow our business. This partnership will position us to the next phase of our growth through access to a robust suite of tools and services. We believe that being part of the large and diverse group of Focus Partnership companies will bring many benefits to our customers and our business in coming years. “

“We are very pleased to welcome the Azimuth team to Focus,” said Rudy Adolf, Founder, President and CEO of Focus. “Azimuth Capital is an exceptional wealth and investment manager with a strong track record of growth and is well positioned to expand its presence. Our advantages of scale, permanent capital and vast resources will help Azimuth Capital further accelerate the growth of our ability to provide our partner firms with sophisticated tools and solutions to meet the evolving needs of their clients enables our partners to constantly broaden and deepen their relationships with their clients.”

Cambridge International Partners LLC acted as exclusive financial advisor to Azimuth Capital, and Warner Norcross + Judd LLP acted as legal advisor to Azimuth Capital.

About Focus Financial Partners Inc.

Focus Financial Partners Inc. is a leading partnership of independent wealth management trust companies. Focus provides access to best practices, resources and continuity planning for its partner companies that provide individuals, families, employers and institutions with comprehensive wealth management services. Focus 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 Azimuth Capital Management LLC

Azimuth Capital Management LLC is a registered investment adviser headquartered in Bloomfield Hills, Michigan. The company provides comprehensive wealth management services to high net worth individuals and families, foundations, endowments and other institutions. For more information on Azimuth Capital, please visit www.azimuthcap.com.

Caution Regarding Forward-Looking Statements

This release contains certain forward-looking statements that reflect Focus’s current beliefs 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 materially different future events. of these forward-looking statements or anything implied by them. 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 therein will not be materialized. Additional information about risk factors that could affect Focus can be found in Focus’ filings with the Securities and Exchange Commission.

Investor and media contacts
tina madon
Senior Vice President
Head of Investor Relations & Corporate Communication
Focus Financial Partners
Phone. : +1-646-813-2909
[email protected]

charlie aretia
vice president
Investor Relations and Corporate Communications
Focus Financial Partners
Phone. : +1-646-560-3999
[email protected]

THE SOURCE: Focus Financial Partners

See the source version on accesswire.com:
https://www.accesswire.com/690523/Azimuth-Capital-Management-a-Premier-Independent-Investment-Manager-in-the-Midwest-to-Join-Focus-as-a-Partner-Firm