Focus Financial Partners Inc. (NASDAQ: FOCS), a partnership of independent, fiduciary wealth management firms, has added Kavar Capital Partners LLC, a Kansas -based registered investment advisor with $682 million in client assets. The transaction is expected to close in the fourth quarter of 2020.
Since 2011, Kavar has served as a fee-only comprehensive wealth manager for high net worth individuals and institutional clients across the U.S.
“We have known Focus for years, so when we embarked on our search to identify a strategic partner, it became clear there was nobody who could better support the future growth of our business, while protecting our strong sense of independence and dedication to our clients,” said Stefanie Callahan, Kavar partner and chief compliance officer.
“Kavar’s prominence in the rapidly growing Kansas City market will not only enhance the geographic diversity of our partnership, but also position us to further expand our presence in the broader Midwest market,” said Rudy Adolf, founder, CEO and chairman of Focus.
Focus Financial’s partner firms serve individuals, families, employers and institutions with comprehensive wealth management services. The company’s 66 firms oversee approximately 200.7 billion in client assets.