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Direct Investment  + Financial Advisory  + Latest News  + M&As  + RIAs & Financial Advisors  |  July 22, 2024
Focus Merges $3.8B Gratus Capital into The Colony Group
By: Joe Palmisano

Focus Merges $3.8B Gratus Capital into The Colony Group 

Focus Financial Partners Inc., a New York-based RIA aggregator, announced that Gratus Capital, LLC, headquartered in Atlanta, GA, has agreed to join another Focus firm, The Colony Group, LLC. The financial details of the transaction, which is slated to close in the third quarter of 2024, were not revealed. 

Gratus, which joined Focus as a partner firm in 2014, specializes in high-net-worth individuals and families, offering services ranging from investment management and financial planning to business owner strategies. Upon conclusion of this deal, Gratus is estimated to add about $3.8 billion in regulatory assets to Colony’s assets. 

“Joining Colony is a natural step in continuing to offer and expand the expertise, guidance, and hands-on advice that our clients rely on to accomplish their life’s goals,” said Hank McLarty, founder and CEO of Gratus. 

Colony has previously agreed to acquire several other Focus partner businesses this year, including $10.4 billion Boston-based GW & Wade in March, Tennessee-based InterOcean Capital Group in April, and national investment advisor Buckingham Strategic Wealth in May. 

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Focus Financial PartnersThe Colony GroupGratus Capital

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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