
Focus Affiliates Kovitz, Fort Pitt Capital Merge
Focus Financial Partners Inc. announced that $5.9 billion Pittsburgh-based RIA and Focus partner firm Fort Pitt Capital Group, LLC will be acquired by Chicago-based and fellow Focus firm Kovitz Investment Group Partners, LLC for an undisclosed amount. Fort Pitt joined Focus as a partner firm in 2015. The transaction is expected to close in the fourth quarter of 2024.
Fort Pitt will gain access to Kovitz’s suite of tools and investment capabilities. Kovitz will be joined by Fort Pitt’s leadership team and advisors.
“Since 1995, our team has grown tremendously in both the employees we support and the clients we are fortunate to serve,’ said Theodore Bovard, founding partner and CEO of Fort Pitt. ‘Becoming a part of Kovitz will be the latest milestone in our ongoing mission to expand and enhance our capabilities, which will enable us to better meet the complex and evolving needs of our clients.”
In January, Focus acquired Kovitz’s management to establish it as a hub firm. In July, the firm transformed its partner RIAs, The Colony Group and SCS Financial, into hub firms.

