Focus Financial partner firm Institutional and Family Asset Management, LLC, is to join Kovitz Investment Group Partners in a deal which will create a wealth management powerhouse managing around $16 billion.
IFAM has been a partner firm of Focus since 2015 while Kovitz has been part of Focus since 2016 and Michael Nathanson, chief executive officer of Focus Financial, says both have strong track records of delivering top-tier advice to clients.
“We are excited to see these firms come together to further strengthen their businesses and continue equipping their clients and advisors with the support and advanced toolkits required to meet their needs.”
For IFAM and Kovitz the combination will be mutually beneficial with IFAM gaining access to sophisticated tools and resources and Kovitz gaining a team of experienced advisors and experts. Both firms are headquartered in Chicago.
“IFAM’s talented team has extensive experience in offering invaluable knowledge and personalized insights to both individual and institutional clients,” said Mitchell Kovitz, chief executive officer of Kovitz and vice chairman of Focus. “We are thrilled for them to join the Kovitz team, and with IFAM’s differentiated services, we look forward to providing our clients with the leading financial advice they have come to expect.”
Jeffrey Gordon, partner and chief executive officer at IFAM said that joining Kovitz that the move is an important step in the firm’s journey “as it will enable us to access enhanced capabilities that our advisors can leverage to deliver even greater possibilities for clients.”
In April it was announced that Focus partner firm Strategic Wealth Partners Group is set to merge with Kovitz, another milestone in Focus’ ongoing hub strategy.
Looking to refine your strategy for investing in stocks in the US market? Discover expert insights, key trends, and risk management techniques to maximize your returns
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
