(MENAFN- EQS Group) New York, 01/30/2020 / 07:30, EST/EDT - EQS Newswire - Focus Financial Partners
NEW YORK, NY / ACCESSWIRE / January 30, 2020 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Nova Wealth Management Group, LLC ("Nova"), a registered investment adviser located in Atlanta, Georgia, will join Focus partner firm Buckingham Strategic Wealth ("Buckingham"). This transaction is expected to close in the first quarter of 2020, subject to customary closing conditions.
Nova provides comprehensive wealth planning services to individuals and families. Following this transaction, the Nova business, which is led by Jeff Cohen, Sam Bromberg and James Underwood, will operate under the Buckingham name. Nova will expand Buckingham's nationwide presence and create the foundation for its new Atlanta office and advisory team.
Nova has been associated with Buckingham for more than 20 years through its long partnership with BAM Advisor Services, LLC ("BAM Advisor Services"), Buckingham's sister company and a comprehensive wealth platform that supports a nationwide community of independent wealth management firms and financial advisors. As previously announced by Buckingham, BAM Advisor Services will be known as Buckingham Strategic Partners as part of a new branding initiative expected to become effective in the first quarter of 2020.
"We are thrilled and honored to welcome Jeff, Sam, James and their entire team to Buckingham," said Adam Birenbaum, CEO of Buckingham. "Providing an unparalleled client experience through comprehensive financial planning solutions and highly engaged relationships is a key goal of both firms. Joining forces will allow us to better serve clients and make us a stronger organization, which are vital elements to achieving our long-term vision."
"We are pleased that the Nova team will be joining Buckingham," said Rudy Adolf, Founder, CEO and Chairman of Focus. "This transaction will create immediate benefits for Nova's clients through access to the capabilities of the combined firm, while expanding Buckingham's presence in the important Southeast market. Strategic transactions like these demonstrate the value we provide our partner firms through our leading M & A capabilities."
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