Focus Financial Partners, a world partnership of unbiased, fiduciary wealth administration companies, has expanded its global footprint to Switzerland with the newest partnership.
The agency stated that it has added Geneva-based Octogone to the Focus partnership.
The transaction, whose monetary phrases weren’t disclosed, is anticipated to shut within the third quarter of 2022.
Founded in 1995, Octogone supplies wealth administration options and customised asset allocation to prosperous people and households throughout Europe, the US, Latin America and the Middle East.
In addition to increasing Focus’ presence to Switzerland, Octogone can be anticipated to bolster Focus’ global attain by establishing its presence in numerous new ultra-high web price markets.
Focus founder, CEO and chairman Rudy Adolf stated: “We are thrilled to welcome Octogone to Focus, establishing our presence in Switzerland.
“Octogone will be our 86th partner firm and is a leader in Swiss wealth management, with significant expertise in working with ultra-high net worth clients. Octogone also has a distinctive international footprint that will enhance our global scale, which spans 4 countries and more than 5,000 principals and employees.”
Adolf additionally added that Switzerland is a crucial strategic precedence for Focus “given that it is a global leader in its concentration of wealth management talent.”
Commenting on the deal, Octogone co-founder and chairman Joakim Lehmkuhl stated: “This transaction will enable us to preserve our agency’s independence and entrepreneurial spirit, and promote a stable future for our shoppers and staff.
“Focus’ scale and unique value proposition will provide us with capabilities to enhance both our business and services to clients. We are incredibly excited for the future of Octogone with Focus as our strategic partner.”
In February this 12 months, Focus added Michigan-based registered funding adviser Azimuth Capital Management to its associate community.
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Focus Financial Partners expands global footprint to Switzerland & More Latest News Update
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