Focus Financial Partners – a leading partnership of independent, fiduciary wealth management firms – announced that it has entered into a definitive agreement under which GW & Wade, headquartered in Wellesley, Massachusetts, will formally join fellow Focus partner firm The Colony Group. This deal is expected to close in Q1 2024, subject to customary closing conditions.
The deal merges GW & Wade’s $10.4 billion regulatory AUM (as of 12/31/23) with Colony’s $21.1 billion regulatory AUM (as of 12/31/23). This deal also marks Focus’ second signed intra-partnership merger as part of its new hub strategy.
GW & Wade – led by Principals Roger Wade and Tim Pinch – joined Focus in 2007 and has been a stalwart of the Focus partnership for years. And the firm has extensive expertise in tax planning, financial planning, asset management, retirement and estate planning.
Following the merger, GW & Wade will operate as GW & Wade at The Colony Group.
KEY QUOTES:
“We strive to have a positive impact on the lives of our clients and to help them achieve their financial goals, and we pride ourselves on developing long-lasting relationships built on trust.”
– Roger Wade
“We know Michael Nathanson and the Colony team share these values, which is one of several reasons we are excited to join forces with another industry leader in wealth management.”
– Tim Pinch
“It is important that we continually enhance our teams and services for our clients, and our view of the long-term future is bright as we welcome the GW & Wade team to Colony. Over the years, Focus has become home to many outstanding wealth management firms, and it is exciting to see two of them joining forces. We expect that, through opportunistic mergers such as this one, Focus will continue to facilitate the accelerated evolution of firms that choose such a path.”
– Michael Nathanson, CEO of The Colony Group and President of Focus
