M and A
Two Focus Financial Partner Firms Merge
Two Focus Financial firms that joined forces in 2011 have officially merged.
Virginia-based CapGroup Advisors has merged with The Colony Group, bringing the latter firm's AuM to over $5 billion.
CapGroup adds approximately $1.2 billion in AuM and additional expertise in the institutional consulting and private client markets, while expanding Colony’s footprint along the East Coast.
The firms first became partners when Colony joined Focus Financial Partners in October 2011.
Colony has grown from approximately $1.3 billion to over $5 billion in assets under management in three and a half years, said Rudy Adolf, co-founder and chief executive of Focus.
CapGroup’s 12 team members will remain in the Richmond, VA, office with the firm’s name changing to The Colony Group.
The Colony Group has over 80 employees in offices across Massachusetts, New York, Virginia and Florida.
Founded in 1986, the firm provides high net worth individuals and families, corporate executives, professionals and institutions.
