NEW YORK, US – EQS Newswire – 23 July 2021 – Focus Monetary Companions Inc. (NASDAQ:FOCS) (“Focus”), a number one partnership of unbiased, fiduciary wealth administration companies, introduced at the moment that it has entered right into a definitive settlement below which GAVIN Hockey Wealth Specialists (“GAVIN”), a registered portfolio supervisor and funding adviser primarily based in Toronto, will be part of Connectus Wealth Advisers (“Connectus”). This transaction is anticipated to shut within the third quarter of 2021, topic to customary closing situations.
GAVIN is an unbiased, multi-family workplace that gives custom-made monetary planning, funding and enterprise administration providers to skilled hockey gamers in Canada and america. Primarily based in Toronto, the agency makes a speciality of working with these athletes in any respect phases of their careers, serving to them to realize monetary safety by means of an built-in strategy to investing, tax and property planning, and danger and money stream administration, amongst different providers. For practically eighteen years, GAVIN’s experience in these areas has helped the agency create a long-standing and constant shopper base and a well-recognized model identify.
“Since our enterprise was based in 2003, we now have been dedicated to rising and defending our shoppers’ wealth, whereas increasing and strengthening our management within the hockey market,” stated Stew Gavin, President and Co-Founding father of GAVIN. “Changing into a part of Connectus permits us to advance these targets and to focus much more deeply on our shoppers, whereas sustaining our extremely custom-made and specialised service mannequin.”
“It can additionally allow us to realize substantial working efficiencies by leveraging Connectus’ shared infrastructure,” added Matthew Bacchiochi, Vice President and Co-Founding father of GAVIN. “Equally essential, we’ll profit from Focus’ scale benefits, specialised experience and sources to boost our shopper expertise and develop our enterprise into different skilled athlete markets,”
“We’re thrilled to welcome the GAVIN staff to Connectus,” stated Rajini Kodialam, Co-Founder and Chief Working Officer of Focus. “This transaction marks the enlargement of Connectus into the Canadian wealth administration market and the ninth agency to hitch Connectus because it started to increase its enterprise internationally late final 12 months. We couldn’t be extra excited to accomplice with a agency that has such a robust entrepreneurial and client-centric mindset, bolstered by an impressive repute and excessive model visibility. The addition of a agency of GAVIN’s caliber is additional proof that Connectus’ differentiated worth proposition is resonating strongly worldwide, and can complement its presence in america, Australia and the UK.”
Blair Franklin Capital Companions, a Toronto-based M&A advisory agency, served as monetary advisor to GAVIN for this transaction.
About Focus Monetary Companions Inc.
Focus Monetary Companions Inc. is a number one partnership of unbiased, fiduciary wealth administration companies. Focus gives entry to greatest practices, sources, and continuity planning for its accomplice companies who serve people, households, employers and establishments with complete wealth administration providers. Focus accomplice companies preserve their operational independence, whereas they profit from the synergies, scale, economics and greatest practices provided by Focus to realize their enterprise targets. For extra details about Focus, please go to www.focusfinancialpartners.com.
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About Connectus Wealth Advisers
Connectus is a world consortium of client-centric advisers that ship complete wealth administration recommendation by means of entry to expanded providers, shared sources and greatest practices. Connectus exemplifies the spirit of partnership and collaboration, but celebrates the entrepreneurial mind-set of its advisers. Connectus is designed for founders and groups who wish to proceed to handle their shopper relationships and preserve their boutique cultures, whereas gaining the operational efficiencies of shared infrastructure and entry to expanded shopper service capabilities.
By way of Focus, Connectus advisers achieve a strategic development accomplice with specialised experience. They profit from Focus’ scale and intensive community, continuity planning, insights and greatest practices. Focus can also be a supply of everlasting capital to speed up development and improve enterprise and shopper outcomes. For extra data, please go to www.connectuswealth.com.
Cautionary Be aware Regarding Ahead-Wanting Statements
This launch incorporates sure forward-looking statements that replicate Focus’ present views with respect to sure present and future occasions. These forward-looking statements are and might be, topic to many dangers, uncertainties and elements regarding Focus’ operations and enterprise setting, together with, with out limitation, uncertainty surrounding the present COVID-19 pandemic, which can trigger future occasions to be materially completely different from these forward-looking statements or something implied therein. Any forward-looking statements on this launch are primarily based upon data accessible to Concentrate on the date of this launch. Focus doesn’t undertake to publicly replace or revise its forward-looking statements even when expertise or future modifications make it clear that any statements expressed or implied therein won’t be realized. Extra data on danger elements that might have an effect on Focus could also be present in Focus’ filings with the Securities and Trade Fee.