Focus Financial unit takes stake in $2 billion Connecticut RIA

Connectus Wealth Advisers, a Cincinnati, Ohio-based registered investment advisory firm managing $909 million, has agreed to acquire an interest in NorthCoast Asset Management, a Greenwich, Connecticut-based RIA firm managing $2.1 billion.

The transaction, the terms of which were not disclosed, will close in the fourth quarter.

Connectus is more than 75% owned by Focus Financial Partners of New York.

[More: Biden tax talk seen driving RIA M&A activity]

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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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