Focus Financial Preparing To Merge Partner Firms

Focus Financial Partners has announced the merger of two of its Chicago-area partner firms. Northbrook-based Relative Value Partners, founded in 2004 and led by CEO Robert "Bob" Huffman, will join forces with Chicago-based Kovitz Investment Group Partners.

Kovitz, a Focus partner since 2016, operates as a "hub" firm. The merged entity will manage over $24 billion in client assets, aiming to serve high-net-worth individuals, families, and institutions in the greater Chicago area. Relative Value Partners will benefit from Kovitz Investment Group's extensive resources, capabilities, and national reach, enhancing their service offerings and operational efficiency.

While the financial terms of the deal have not been disclosed, the transaction is expected to close in the third quarter. This strategic move will bolster Focus Financial Partners' presence in the Chicago market.

To view the press release, click here.