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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  |  May 7, 2024
Focus Financial to Merge Colony with Buckingham Strategic Wealth
By: Joe Palmisano

Focus Financial to Merge Colony with Buckingham Strategic Wealth 

Focus Financial Partners announced the merger of two of its partner firms, Buckingham Strategic Wealth and The Colony Group, to form an RIA with over $50 billion in assets. 

Adam Birenbaum, currently Buckingham chairman and CEO, will serve as the combined company’s new CEO, and Michael Nathanson, currently Colony and Focus CEO, will serve solely as CEO of Focus. 

Following the transaction, Buckingham Strategic Partners, a turnkey asset management platform, will continue to be led by Birenbaum, with Jonathan Scheid as president. 

“The decision to unify these two industry-leading firms is an exciting one, and we cannot wait to see what Colony and Buckingham will accomplish when they join forces,” said Michael Nathanson, CEO of Focus. “Together, the combined firm will represent nearly 1,200 employees, more than 90 office locations, and tens of thousands of clients.” 

Nathanson was appointed president of Focus in February, after former CEO Rudy Adolf stepped down at the end of 2023 after two decades in the role. 

This transaction comes on the heels of other recent growth for Colony, including being joined by GW & Wade and InterOcean Capital. 

The Colony Group oversees roughly $21.4 billion in assets under management, Buckingham, which joined Focus as a partner firm in 2007, managed $30.11 billion in regulatory assets under management or administration as of March 31, 2024. With Buckingham Strategic Partners, it collectively manages or administers over $70 billion of assets. 

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Inside The Story

Focus Financial PartnersThe Colony GroupBuckingham Strategic Wealth

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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