Focus Financial Partners Inc., a leading partnership of fiduciary wealth management and related financial services firms, today announced that it has entered into a definitive agreement under which San Diego-based HoyleCohen LLC will join Focus firm The Colony Group, LLC. This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
HoyleCohen, a leading West Coast based RIA with four offices across California and Arizona, initially joined Focus as a partner firm in 2006. Specializing in long-term planning through designing and implementing tailored wealth solutions, HoyleCohen has earned a reputation for its strong client relationships and the ability to meet its clients’ individual needs.
HoyleCohen will gain access to Colony’s extensive planning and investment expertise to enhance its wealth advisory capabilities. In turn, Colony will leverage HoyleCohen’s highly skilled advisors and resources to strengthen its footprint within key markets across the West Coast. HoyleCohen is expected to add approximately $3.6 billion in regulatory assets under management, measured as of June 30, 2024, to Colony upon the completion of this transaction.
“We have grown significantly since partnering with Focus in 2006. As we evaluated the resources that our team needed to continue our pace of growth, we realized that partnering with a firm like Colony would help us accelerate the achievement of our firm’s goals and, most importantly, the life goals of our clients,” said Mark Delfino, CEO and Senior Managing Partner at HoyleCohen.
“HoyleCohen has established itself as a leader in providing personalized financial and life planning advice,” said Adam Birenbaum, who became CEO of Colony through its recent combination with Buckingham Strategic Wealth, LLC. “We welcome HoyleCohen’s talented advisors, and we look forward to working with them to further enhance our offerings and capabilities.”
“HoyleCohen and Colony are deeply aligned in their core values and how they serve clients,” said Michael Nathanson, CEO of Focus. “We’re confident that, together, they will take full advantage of the solutions each has built to meet the complex and unique needs of their clients and teams.”
About Focus Financial Partners Inc.
Focus is a leading partnership of fiduciary wealth management and related financial services firms. Focus provides access to best practices, greater resources, and continuity planning for its affiliated advisory firms, which serve individuals, families, employers, and institutions with comprehensive financial services. Focus firms and their clients benefit from the solutions, synergies, scale, economics, and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.
About The Colony Group, LLC
Colony is an investment advisory firm registered with the Securities and Exchange Commission (the “SEC”) with 92 locations across 30 states, plus the District of Columbia. Registration with the SEC does not imply any level of skill or training and does not imply that the SEC has endorsed or approved the qualifications of Colony or its representatives. With origins dating back to 1986, Colony’s team provides individuals and families, executives, business owners, entrepreneurs, athletes and entertainers, institutions and non-profit organizations with deep expertise that goes beyond investment management and can encompass tax, estate, retirement and philanthropic planning, asset allocation and sustainable investing solutions, family office services, business management services, divorce and dispute resolution services, and life-enrichment services through Curated by ColonyTM. For more information about Colony, please visit www.thecolonygroup.com and follow Colony on LinkedIn.
About HoyleCohen, LLC
HoyleCohen, LLC is an independent investment adviser headquartered in San Diego, CA. The firm provides wealth management, investment management and financial planning services to individuals and families seeking impartial advice and long-term financial security. For more information about HoyleCohen, please visit www.hoylecohen.com.
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