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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  | 
Focus-Backed Cornerstone Adds Sutton Wealth Advisors

Focus-Backed Cornerstone Adds Sutton Wealth Advisors 

Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, has facilitated a merger between Sutton Wealth Advisors, Inc. and Focus’ partner firm Cornerstone Wealth Group, LLC.  

Financial terms of the deal, which is expected to close in the first quarter of 2024, were not disclosed. 

Tampa, FL-based Sutton Wealth is a wealth management firm founded in 2007 by Ed Sutton. The firm focuses on financial and estate planning predominantly on Florida based high net worth individuals and families. 

“I had a natural rapport with the Cornerstone team from our first conversation as they felt like a larger, more scaled version of the firm we built,” said Sutton. 

“We are excited to welcome Ed and the Sutton Wealth team to Cornerstone,” added Craig Rubrecht, CEO of North Carolina-based Cornerstone. “Tampa is a strategic market for us to enter as we see similarities between Tampa and the existing markets in which we operate.” 

Focus often owns a majority interest in its partner RIAs. 

Pictured: Focus Financial Partners’ NYC office 

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Inside The Story

Focus Financial Partners Cornerstone Wealth Group, LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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