Focus Financial Pulls In $3.8B In Aum Seattle Firm

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Focus’ new partner RIA is legacy firm Badgley Phelps Wealth Management. : Focus Financial Partners, the large, publicly listed RIA consolidator, agreed to acquire a Seattle firm with $3.8 billion in assets under management. The acquisition of Badgley Phelps Wealth Managers, subject to regulation, is expected to close in the third quarter. Details of the transaction were not disclosed. Steve Phelps, president, CEO and chief investment officer, said the partnership allows Badgley Phelps, a firm that been around since 1966, to ensure its legacy without giving up control.

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