Focus Financial takes stake in Missouri RIA

Focus Financial Partners, an investor in registered investment advisory firms, is buying a stake in The Planned Approach, a Kansas City, Missouri, RIA managing $266 million.

The acquisition, the terms of which were not disclosed, is expected to close in the fourth quarter.

The Planned Approach was founded in 2002 by Stephanie Guerin and Kelly Hokanson.

Guerin, Hokanson and their team will join Buckingham Strategic Wealth, a St. Louis, Missouri-based RIA firm that’s majority-owned by Focus Financial.

[More: Focus Financial pushes forward with blistering M&A pace in 2021]

The post Focus Financial takes stake in Missouri RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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