Focus Financial Partners revealed that its network firm, Transform Wealth, LLC, will merge into Kovitz Investment Group Partners, LLC, a fellow Focus firm, boosting Kovitz’s assets under management by roughly $3 billion. 

Financial details of the transaction, which is expected to close in the second quarter of 2025, were not disclosed. 

Transform Wealth, a Denver-based firm led by brothers Nathan Kubik (CEO) and David Kubik (President), offers financial planning and investment advisory services. The firm joined Focus Financial Partners’ network in 2016. The merge enhances Kovitz’s foothold in the Mountain West region, according to Focus. 

“Transform Wealth and Kovitz have independently built strong reputations as leaders within the wealth management industry and by coming together can accomplish far more to serve their collective clients and advisors,” said Michael Nathanson, CEO of Focus Financial Partners. 

Transform Wealth joins Kovitz—Focus’s Chicago-based “hub” firm—as part of Focus’s consolidation strategy under Clayton, Dubilier & Rice (CD&R), who took Focus private in August 2023 for more than $7 billion. Kovitz, already at roughly $30 billion in assets under management after acquiring Fort Pitt Capital for $5.9 billion in October 2024, now nears $33 billion with the addition of Transform.  

Focus has been folding its approximately 90 subsidiaries into hubs like Kovitz and The Colony Group since 2024—Transform marks Kovitz’s fourth big add. Focus now has five hubs, including Focus Partners Wealth, SCS Financial, Cardinal Point and Gelfand, Rennert & Feldman (GR&F).