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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  December 12, 2023
Focus-Backed Cornerstone Adds Sutton Wealth Advisors
Joe Palmisano
By: Joe Palmisano

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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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