Focus Financial’s The Colony Group Acquires $6.1B Partner GYL Financial Synergies

Focus Financial announced the merging of two of its partner firms, as West Hartford, CT-based GYL Financial Synergies merges with Boston-based The Colony Group.

In a transaction completed November 1, GYL Financial will add $6.1B in regulatory assets to The Colony Group, improving Colony’s capabilities in financial planning, institutional consulting, and investment management. According to its latest Form ADV filing, GYL has 15 investment advisors and, of its total managed assets, approximately half – or more than $3B – are those of high-net-worth individuals.

The combined enterprise, which is expected to rebrand in the near future, will operate 100 offices across the US. As part of the merger, former GYL CEO Gerry Goldberg will join Wendy Hartman as division president at Colony.

The deal, for which terms were not disclosed, is the eighth merger for Colony this year.

Sources:

https://www.businesswire.com/news/home/20241104498113/en/GYL-Financial-Synergies-Joins-The-Colony-Group
https://adviserinfo.sec.gov/firm/summary/284758

Written By: Dakota

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