NEW YORK, USA – EQS Newswire – July 23, 2021 – Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent fiduciary asset management firms, today announced the completion of a definitive agreement under which GAVIN Hockey Wealth Specialists (“GAVIN”), a registered portfolio manager and investment advisor based in Toronto, Connectus Wealth Advisers (“Connectus”) will join. This transaction is expected to close in the third quarter of 2021, subject to customary closing conditions.
GAVIN is an independent, multi-family office providing customized financial planning, investment and business management services to professional ice hockey players in Canada and the United States. The Toronto-based company specializes in working with these athletes at all stages of their careers, helping them achieve financial security, among other things, through an integrated approach to investment, tax and estate planning, and risk and cash flow management. For nearly eighteen years, GAVIN’s expertise in these areas has helped the company build a long-standing and loyal customer base and a recognized brand name.
“Since our company was founded in 2003, we have been committed to growing and defending our clients’ wealth while building and strengthening our leadership position in the ice hockey market,” said Stew Gavin, President and Co-Founder of GAVIN. “Being part of Connectus enables us to drive these goals and focus even more on our customers while maintaining our highly individual and specialized service model.”
“It will also enable us to achieve significant operational efficiencies by leveraging Connectus’ shared infrastructure,” added Matthew Bacchiochi, Vice President and Co-Founder of GAVIN. “Equally important, we will leverage the economies of scale, specialist expertise and resources of Focus to improve our customer experience and expand our business to other markets for professional athletes.”
“We are very excited to welcome the GAVIN team to Connectus,” said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. “This transaction marks Connectus’ expansion into the Canadian wealth management market and the ninth company to join Connectus since the company began expanding its business internationally late last year. We are excited to partner with a company that is so entrepreneurial is working.” and customer-centric mindset that is reinforced by a great reputation and high brand visibility. The addition of a GAVIN caliber company is further evidence that Connectus’ differentiated value proposition is resonating globally and its presence in the US, Australia and the UK. “
Blair Franklin Capital Partners, a Toronto-based M&A advisory firm, acted as financial advisor to GAVIN on this transaction.
About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading partnership of independent, fiduciary asset management companies. Focus provides access to best practices, resources and continuity planning to its partner firms providing comprehensive wealth management services to individuals, families, employers and institutions. Focus partner companies retain their operational independence while benefiting from the synergies, size, economy and best practices of Focus to achieve their business goals. For more information on Focus, see www.focusfinancialpartners.com.
Via Connectus Vermögensberater
Connectus is a global consortium of client-centric advisors who provide comprehensive wealth management advice through access to advanced services, shared resources and best practices. Connectus exemplifies the spirit of partnership and collaboration, but celebrates the entrepreneurial mindset of its consultants. Connectus is designed for founders and teams who want to continue managing their customer relationships and nurturing their boutique culture while gaining operational efficiencies from a shared infrastructure and access to expanded customer service capabilities.
With Focus, Connectus consultants gain a strategic growth partner with specialized expertise. You benefit from the size and the extensive network of Focus, the continuity planning, the knowledge and the best practices. Focus is also a source of permanent capital to accelerate growth and improve business and customer results. For more information, please visit www.connectuswealth.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements that reflect Focus’ current views regarding certain current and future events. These forward-looking statements are subject to and are subject to many risks, uncertainties, and factors relating to the business and environment of Focus, including, but not limited to, the uncertainties associated with the current COVID-19 pandemic that may cause future events to occur materially differ from these forward-looking statements or any statements implied therein. All forward-looking statements in this press release are based on information available to Focus as of the date of this publication. Focus does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes indicate that express or implied statements will not be realized. For more information about risk factors that could affect Focus, see Focus’s filings with the Securities and Exchange Commission.