Focus buys Wespac RIA
Focus Financial has acquired Wespac, an Oakland, Calif.-based RIA and benefits administrator.
Focus Financial Partners LLC has acquired another registered investment adviser.
Focus Financial of New York today announced that it had acquired Wespac, an Oakland, Calif.-based registered investment adviser and benefits administrator. Wespac has more than $1 billion in assets under advisement.
Earlier this year, Focus Financial acquired Greystone Financial Services of Manchester, U.K.
The firms in the Focus Financial network manage more than $29 billion in assets.
Terms of Focus Financial’s deal for Wespac were not disclosed.
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