Focus Financial Partners Broadens Partnership with Addition of Joel Isaacson & Co. and Partner Sub-Acquisitions

Partnership’s expanded presence in New York region to contribute to firm’s growth

Isaacson represents Focus’ seventh transaction in 2009

Business Wire

posted: 86 DAYS AGO

Text SizeAAA

Focus Financial Partners, LLC (“Focus”), the leading partnership of independent wealth management firms, today announced its investment in Joel Isaacson & Co., Inc. With this partnership, the firm grows to over $31 billion in client assets and extends its strong presence in New York.

Since its inception in 1993, Joel Isaacson & Co. has been offering financial advisory, investment and tax services to a client base comprised largely of executives, business owners, professionals and high net worth families. The firm’s services include: investment and cash flow management, estate and tax planning and preparation, insurance planning and retirement planning.

Joel Scott Isaacson, CPA, CFP, PFS, founder and head of the firm, said, “Focus has clearly developed a winning independent model for wealth management, and we are pleased to become part of this dynamic organization. The caliber of the management team and the quality of the other Partners are top-notch. With Focus’ support, we will be able to further expand our services to the growing number of families who come to us looking for a better way to manage their wealth.”

“Joel and his partners have built one of the most admired firms in New York City,” said Rudy Adolf, Founder and CEO of Focus. “We believe the strength of the Joel Isaacson & Co. is value proposition, including the firm’s ability to work with clients on highly complex financial plans and tax strategies, will continue to help the firm attract new clients. By joining Focus, the firm can accelerate its efforts as the Focus management team and their fellow partner firms assist them with marketing and business development.”

Mr. Isaacson has been a leading professional as well as an educator in the field of financial planning over the last 25 years, having served on many professional association boards in the financial planning industry. He also conducts planning seminars for leading Fortune 500 firms and regularly speaks before professional and trade organizations. Mr. Isaacson and his colleagues are frequently named to lists of America's Top Financial Advisors by several publications, including Worth magazine and Medical Economics.

Joel Isaacson & Co.’s executives comprise advisors as well as tax and planning professionals with a collective 125 years of experience. The firm’s leadership team includes: Stanley L. Altmark, CPA, CFP, PFS; Jennifer Prosperino, CPA, PFS; Martin Stein, JD, CPA, CFP and Lee Steinmetz, CPA, MBA.

Focus has also completed six sub-acquisitions with its partner firms – adding a total of six teams or individuals to a variety of Focus’ leading partner firms. The sub-acquisitions are an important part of the strategy to help the Partners expand their value proposition, open new offices in target regions and broaden their leadership teams.

The following organizations and professionals have joined our partner firms:

Joining Lara, Shull & May based in Falls Church, VA: Paul Corley, Beth Levine and Doug McPherson
Joining JFS Wealth Advisors based in Hermitage, PA: Ron Wyatt, whose joining opens the new Pittsburgh office
Acquired by Sentinel Benefits & Financial Group based in Reading, MA: the Flexible Spending Account Business from Standard Retirement Services, Inc.
Joining WESPAC based in Oakland, CA: Tower Asset Management comprising Raymond Baker, Peter Chen, Morgan Gough and Wade Perry, whose joining opens the new Pasadena office

“We were delighted to help these professionals find a better home at some of Focus’ leading firms,” says Rudy Adolf. “In what many describe as a challenging year for our industry, we are pleased by the pace of our transactions.”

Since its founding in January 2006, Focus Financial Partners, LLC has grown to 18 partner firms and affiliates and over 600 employees and professional staff.

About Focus Financial Partners

Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With over $31 billion in assets and over 600 employees, Focus Partners provide wealth management, benefit and investment consulting services to individuals, families, employers and institutions. Clients benefit from Focus’ Partners independence, unrivaled access and continuity. Focus principals maintain their entrepreneurial independence, benefit from the synergies, scale, economics and best practices of the market leader, and achieve an eventual, smooth ownership transition. For more information, please visit www.focusfinancialpartners.com.

About Joel Isaacson & Co

Joel Isaacson & Co. is one of the leading registered investment advisers (RIA) in the country. Joel Isaacson & Co.’s staff of 30 people advises clients on more than $3.5 billion in assets. The firm offers comprehensive wealth management – including financial planning, estate planning, investment management and tax planning and preparation services – to high net worth individuals and their families across the country. All of these services are offered under a fee-only model. For more information, please visit www.joelisaacson.com.