Gregory Britton, managing director, wealth administration, introduced on LinkedIn that he’ll turn out to be principal/managing director of Wealth Administration at The Colony Group. ”I’m very excited to start the following step of my journey with Focus Monetary Companions,” Britton stated.
The NorthCoast Asset Administration enterprise line of Connectus Wealth Advisers, headquartered in Greenwich, Connecticut, additionally formally joined Focus agency Kovitz Funding Group Companions LLC on Monday. NorthCoast Asset Administration brings $3.4 billion in AUM to Kovitz.
NorthCoast joined Connectus in 2021 and makes a speciality of quantitative analysis, a scientific funding course of and a rigorous method to the development of risk-managed portfolios, Focus stated Monday.
“NorthCoast works with each non-public and institutional shoppers and enhances its monetary planning companies with an in depth vary of proprietary funding options, together with funding methods that target capital appreciation with draw back danger administration, and various methods to hedge draw back danger when diversifying concentrated inventory positions,” Focus stated.
By the transaction, NorthCoast will achieve entry to an expanded suite of wealth administration companies for its shoppers, together with non-public investments and household workplace choices.
On Could 6, Focus stated two of its flagship advisory agency companions — Buckingham Strategic Wealth and The Colony Group — have been in superior discussions to merge with a purpose to unify their assets and expertise and additional develop their respective capabilities.
Buckingham’s chairman and CEO, Adam Birenbaum, will be the mixed firm’s CEO, in response to the announcement. Colony Group CEO Michael Nathanson, who on April 30 was named CEO of Focus, will shift to serving solely as CEO of Focus.