Focus Financial Partners (an interdependent partnership of wealth management, business management, and related financial services firms) announced that Focus Partners Wealth will buy Churchill Management in a deal expected to close in the third quarter of 2025, subject to customary closing conditions.
Upon completion of this deal, Churchill will be the first external firm that Focus Partners Wealth has acquired since its rebrand in January 2025. And Churchill is expected to add approximately $9.4 billion, measured as of March 31, 2025, to Focus Partners Wealth’s existing regulatory assets under management.
Originally founded in 1963, Churchill, based in Los Angeles, provides investment management and financial planning services to clients nationwide. And the firm’s employees include a national team of advisors and business development professionals.
This deal will bring together two businesses with a shared client-first philosophy. The Churchill team will gain access to a more expansive suite of client services, while Focus Partners Wealth will gain a growth-oriented team that complements its presence and service offering. The Churchill business will operate as a division of Focus Partners Wealth for a period following the acquisition’s completion, before transitioning to Focus Partners Wealth in the future.
Advisors: Berkshire Global Advisors served as the exclusive financial advisor to Churchill. And RBC Capital Markets served as the exclusive financial advisor to Focus on the transaction.
KEY QUOTES:
“M&A remains an avenue for us to add high-quality firms that are committed to evolving for the benefit of their clients. Firms like Churchill, with its commitment to outstanding client service and industry-leading success, are ideal for the integrated model we are building. From our first conversation, it was clear that we shared a vision, making this a natural fit and a special opportunity for both firms.”
Michael Nathanson, CEO of Focus Financial Partners
“As we continue to build Focus Partners, there is nothing that thrills me more than joining forces with a great firm that enhances what we do. The Churchill team is highly talented and complementary. They combine a very rare mindset of high growth and progress forward with a high standard of care. I cannot wait to welcome them.”
Adam Birenbaum, CEO of Focus Partners Wealth
“Throughout our more than 60 years of serving clients, our core principle has been to meet and exceed our clients’ financial goals using a comprehensive, multi-strategy approach to investing. We are excited to begin providing an even greater depth of services to our valued clients with the resources of Focus Partners Wealth.”
Randy Conner, President of Churchill
“We view a successful transaction as one that strengthens our business and furthers our capabilities for clients. The addition of Churchill supports our goals to add talented and client-oriented businesses to Focus Partners Wealth.”
Travis Danysh, Chief Corporate Development Officer of Focus Financial Partners
