FUNDRAISING NEWS | October 04, 2024
Focus Financial Partners said it has entered a definitive agreement to join together partner firms Fort Pitt Capital Group and Kovitz Investment Group Partners in a deal expected to close in the fourth quarter.
In an October 3 press release, Focus Financial said Pittsburgh-based Fort Pitt will add approximately $5.9B to Kovitz’s total AUM of over $24B as of Q2. Fort Pitt and Kovitz have been affiliated with Focus since 2015 and 2016, respectively.
According to Focus Financial’s website, it has facilitated more than 270 mergers and strategic hires on behalf of its 90 partner firms in over 38 states, including affiliates in Australia, Canada, Switzerland, and the UK.
