Henry + Horne Wealth Management will join partner firm InterOcean Capital Group, strengthening InterOcean’s presence in the South West
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NEW YORK, NY/ACCESSWIRE/April 30, 2022/ Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of independent fiduciary wealth management firms, today announced that it has entered into a definitive agreement under which Wealth Management, LLC, d/b/a Henry+Horne Wealth Management (“Henry+Horne WM”), a registered investment adviser located in Scottsdale, Arizona, will join Focus’ partner firm InterOcean Capital Group, LLC (“InterOcean”). This transaction is expected to close in the second quarter of this year, subject to customary closing conditions.
Founded in 2005, Henry+Horne WM provides personalized investment advice and integrated wealth management to high net worth and ultra high net worth individuals and families, as well as corporations and other institutions. Henry+Horne WM is led by its founder, Michael Carlin, who has over 25 years of industry experience.
As a result of the transaction, Henry+Horne WM will have access to InterOcean’s investment management and financial planning strengths. InterOcean will gain a talented team with deep experience in wealth and risk management for individuals and families, as well as expertise in establishing and maintaining retirement plans and assisting clients going through transitions of life. InterOcean’s resources will enable the Henry+Horne WM team to continue expanding into the attractive South West market and serve more clients with differentiated investment and planning offerings.
“After spending time with the InterOcean team, I couldn’t be more excited about what this transaction offers our clients and our organization,” said Michael J. Carlin, Founder and Chairman of Henry+Horne Wealth Management. “Our firms share a client-focused philosophy and we look forward to working together to deliver superior value to our clients. Additionally, together our firms are creating an RIA that will provide strong investment management and attractive financial planning capabilities. for both our employees and customers as we continue to expand our presence in the South West.”
InterOcean co-founder and president Mark Carr shared the same sentiment. “We are extremely impressed with Michael and his team, and excited to have them join InterOcean. This addition will allow us to expand our geographic reach in a very attractive region, while increasing our customer offerings. We are delighted to partner with a company that shares our interest in the fiduciary and client-focused approach to wealth management.”
“We are very pleased to have Henry+Horne WM join InterOcean,” said Rudy Adolf, co-founder, CEO and president of Focus. “Since becoming a Focus Corporate Partner in 2020, InterOcean has leveraged our scale and industry presence to expand its operations nationwide, first through its new office in Nashville and now By partnering with the talented Henry+Horne WM team in Scottsdale.transaction is another example of how we add value to our partners through our expertise in mergers and acquisitions and our extensive network of relationships.We are able to source attractive, like-minded merger candidates that help our partners accelerate growth and join forces with teams that will work well together to achieve client goals.”
About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading partnership of independent wealth management trust companies. Focus provides access to best practices, resources and continuity planning for its partner companies that provide individuals, families, employers and institutions with comprehensive wealth management services. Focus partner companies maintain their operational independence, while benefiting from the synergies, scale, economy and best practices offered by Focus to achieve their business objectives. For more information on Focus, please visit www.focusfinancialpartners.com.
About InterOcean Capital Group, LLC
InterOcean Capital Group, LLC is an independent investment advisor with offices in Chicago, IL and Nashville, TN. The firm provides personalized asset management and financial planning services to high net worth individuals, families and institutions and has expertise in the individual selection of stocks, fixed income securities and alternative investments. For more information on InterOcean, please visit www.iofinance.com.
Caution Regarding Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus’s current beliefs regarding certain current and future events. These forward-looking statements are, and will be, subject to numerous risks, uncertainties and factors relating to Focus’s operations and business environment, which may cause future events to differ materially from these forward-looking statements or anything is implied there. All forward-looking statements contained in this press release are based on information available to Focus as of the date of this press release. Focus does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes clearly indicate that the statements expressed or implied therein will not be materialized. Additional information about risk factors that could affect Focus can be found in Focus’ filings with the Securities and Exchange Commission.
Investor and media contacts
Senior Vice President
Head of Investor Relations & Corporate Communication
Focus Financial Partners
Such. : +1-646-813-2909
Investor Relations and Corporate Communications
Focus Financial Partners
Such. : +1-646-560-3999
THE SOURCE: Focus Financial Partners
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