NEW YORK, March 18, 2019 (GLOBE NEWSWIRE) -- Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, today announced that London-based Skeet Kaye Hopkins (“SKH”) has agreed to join forces with Focus partner firm Gelfand, Rennert & Feldman, LLC (“GR&F”), a Los Angeles-based multifamily office and business management firm.
Founded in 2012, SKH offers a broad range of services to ultra-high and high net worth clients in the entertainment industry. This transaction will allow SKH to leverage GR&F’s resources, enabling the SKH team to enhance the service offerings to their clients by providing U.S.-based expertise in multifamily office services, business management and tax services. This transaction further enhances GR&F’s clients’ experience by providing them with accessibility to multifamily office and business management services in the U.K.
“We are excited to partner with GR&F and Focus and look forward to bringing our clients a more robust service offering,” said Mike Skeet, Founding Partner of SKH. “We have known Todd and his partners for many years and look forward to working with them for many years to come.”
“Mike, Jeff, and Simon have built an enduring business around doing what’s right for their clients. We have tremendous respect for them, and we are thrilled that they will be joining our team,” said Todd Gelfand, Chief Executive Officer of GR&F.
“This transaction will allow SKH and GR&F to join forces and together become an international leader in the multifamily office and business management space,” said Rudy Adolf, Founder, CEO and Chairman of Focus. “Expanding internationally is an important component of our growth strategy, while further enhancing our diversification. The partnership between SKH and GR&F increases our presence in the U.K, while also building on our leadership position in the multifamily office and business management sectors. This transaction is further evidence of the scale and network benefits of our business, both in the U.S. and internationally, to our partner firms.”
About Focus Financial Partners Inc.
Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”) is a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational independence, while they benefit from the 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 Gelfand, Rennert & Feldman, LLC
Gelfand, Rennert & Feldman, LLC (“GR&F) is a leading business and financial management firm that provides unparalleled service to entertainers, athletes, executives and high net worth individuals. GR&F offers a comprehensive range of business management services and tax services customized to suit clients’ unique financial needs. For more information about GR&F, please visit www.grflp.com.
Cautionary Note Concerning Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus' current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus' operations and business environment which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus' filings with the Securities and Exchange Commission.
Investor and Media Contact Information
Tina Madon
Senior Vice President
Head of Investor Relations & Corporate Communications
Tel: (646) 813-2909
tmadon@focuspartners.com