Post-IPO Focus Financial Adds $3.5B Group
August 3, 2018
Louis Diamond Quoted
By Janet Levaux
One week after it became a publicly traded firm, Focus Financial Partners says it has a new member: Edge Capital Group of Atlanta, which as some $3.5 billion of client assets and six offices.
Focus’ IPO is a “huge deal” for the RIA industry as it “provides a way for others to follow in its footpath,” said Louis Diamond, executive vice president of Diamond Consultants, in an interview. “It validates the fact that the RIA space is not only a trend.”