Focus Financial Acquires $4.16B Seattle RIA Merriman Wealth

Focus Financial announced that it has acquired Seattle-based Merriman Wealth Management, adding $4.16B in regulatory assets under management and strengthening its presence in the Pacific Northwest.

Merriman Wealth operates a team of 55 across the region and has been a part of the Focus network since 2012 and will gain access to Focus Partner Wealth resources to amplify its wealth advisory services. As a part of the transaction, Merriman CEO Jeremy Burger will join Focus as a division president alongside Gerry Goldberg and Sheila Ryan of The Colony Group and Wendy Hartman of Buckingham Strategic Wealth. The deal that is expected to close on February 1, subject to customary closing conditions.

It is the latest development in what has been a busy several months for Focus, which has reorganized its business into five hubs, a process that has included the merger of certain subsidiaries and an overall rebranding.