Focus Partners Lake Street, Edge Capital to Join SCS Family Office/OCIO Hub

Focus Financial Partners announced that network firms Lake Street Advisors Group and Edge Capital Group reached a definitive agreement to join SCS Financial, Focus Partners Family Office and OCIO, in a transaction that is expected to close in the first quarter of the year.

Focus said the transaction will enable the firms to access SCS’s deep investment management capabilities and extended family offices services, while in Portsmouth, NH-based Lake Street and Atlanta-based Edge Capital, SCS gains two client-centric teams comprising over 70 experienced professionals specializing in serving ultra-high-net-worth individuals. Lake Street will bolster SCS's Northeast presence, while Edge expands its footprint in the Southeast and Southwest.

Focus said Lake Street adds $3.49B in regulatory assets under management to SCS, while Edge brings $6.98B in client assets, both as of September 30, 2024. In total, the firms will add a combined $10B in client assets and expand SCS’s reach to reach to 13 offices. The deals mark the first acquisitions for SCS Financial after Focus underwent rebranding efforts for its five hubs, as reported by Dakota on January 13.

Written By: Dakota

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