Focus Financial Inc.’s $1.2 Billion Acquisition of Cardinal Point Wealth Management, LLC

Borden Ladner Gervais LLP assisted Focus Financial Inc. on the transaction.

On September 16, 2021, Focus Financial Partners Inc. (NASDAQ:FOCS) (Focus), a leading partnership of independent, fiduciary wealth management firms, announced that Cardinal Point Capital Management Inc. and Cardinal Point Wealth Management, LLC (together, Cardinal Point) have entered into a definitive agreement to join the Focus partnership.

The transaction is expected to close in the fourth quarter of 2021, subject to the receipt of regulatory approval and other customary closing conditions.

Since 2009, Cardinal Point has provided personalized investment and estate, tax and financial planning solutions to high-net-worth individuals and families in both the United States and Canada. Over the last twelve years Cardinal Point has built a reputation as a leader in cross-border wealth management through its integrated approach to addressing the complex needs of its clients. The transaction brings a unique value proposition to the Focus partnership while also expanding Focus’ presence in Canada.

Focus Financial Partners Inc. is an investor in independent, fiduciary wealth management firms.

Cardinal Point Wealth Management is an independent Canada-U.S. wealth management group of companies created to service the sophisticated needs of high net-worth families.

BLG is representing Focus with a team led by Julie Mansi (Picture) and including Carlos Cerqueira, Steve Suarez, Sarah Gardiner and Joelle Kabouchi.

Involved fees earner: Carlos Cerqueira – Borden Ladner Gervais; Sarah Gardiner – Borden Ladner Gervais; Joelle Kabouchi – Borden Ladner Gervais; Julie Mansi – Borden Ladner Gervais; Steve Suarez – Borden Ladner Gervais;

Law Firms: Borden Ladner Gervais;

Clients: Focus Financial Partners;

Author: Martina Bellini