Focus Financial Partners, a leading partnership of fiduciary wealth management and related financial services firms, has announced that it has entered into a definitive agreement under which Focus partner firm Gratus Capital, headquartered in Atlanta, will join fellow Focus firm The Colony Group. This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
Gratus, which joined Focus as a partner firm in 2014, predominantly services high-net-worth individuals and families in areas ranging from investment management and comprehensive financial planning to business owner strategies. Upon completion of this transaction, Gratus is expected to add approximately $3.8 billion in regulatory assets under management, measured as of May 31, 2024, to Colony’s assets.
Through this transaction,