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IFAM Capital joins Focus Financial Partners

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IFAM Capital Advisors has now joined Focus Financial Partners (Focus) as a full partner. 

During the past year of transition, the firm increased revenues by 25% compared with the previous year.

Founding partners Timothy Kneen and Clayton Hartman are accompanied by 17 team members, which include four additional partners, Daniel Gamache, Brian Sullivan, Alan Beugg, and Wayne Jamerson. They have also added two new practices to their business, led by Don Graubart and Bryce Sowitch. Graubart brings deep industry experience to the IFAM team and primarily serves high-net-worth clients in the Houston area. Sowitch principally works with institutional clients and their 401(k) offerings.

“With Focus as our partner, we maintain our independence and control of the business, while having the benefit of an experienced larger financial partner who can help fuel our growth through mergers and acquisitions,” says Kneen, IFAM’s Co-Founder and Co-Chief Investment Officer.

IFAM will continue to provide comprehensive wealth and investment management solutions to their institutional and high-net-worth clients.

”IFAM’s business was designed around our clients – they always come, first, second, and last,” says Mr. Hartman, IFAM’s other Co-Founder and Co-Chief Investment Officer.

“This “client-centric” approach is evidenced by the strategic investments IFAM has already made to their business, designed to enhance the client experience. Another example is the recent addition of Sowitch, who specialises in the management of defined contribution plans. These additional capabilities have proven to be a perfect compliment to IFAM’s already robust institutional and private client offerings.

IFAM was launched with the support of Focus Connections – a consulting service with a proven record of partnering with independent RIAs formed from leading wirehouse teams. Firms launched under the program benefit from the collective experience of the Focus management team as well as the broader network of independent fiduciary firms that already comprise the Focus partnership. Additionally, the Connections team provides support and consultation during the transition of elite advisors from wirehouses, banks and trusts to existing partner firms.

Launched in 2008, Focus Connections has provided support to numerous leading RIA firms, such as LVW Advisors, LLBH Private Wealth Management, Sapient Private Wealth Management, Beirne Wealth Consulting, Quadrant Private Wealth and several smaller teams and individuals in their move towards independence. As part of Focus Connections’ offering, IFAM worked with an interim COO and an experienced team that provided guidance on a range of start-up issues, including administration, small business infrastructure and, best practices for running an independent RIA.

Chris Dupuy, Managing Director and President of Focus Connections, says: “The founders of IFAM represent the true entrepreneurial spirit that Focus looks for in advisors emerging from the wirehouse environment. This team was able to make a smooth transition to independence and take full advantage of the growth potential that comes with running your own RIA.”

“Over the last year, we’ve seen an accelerating trend of sophisticated advisor teams looking to make the move toward an independent, fiduciary-based business model,” says Rudy Adolf, Founder and CEO of Focus Financial Partners. “The IFAM deal further demonstrates this trend, as well as the value of the Focus model for select entrepreneurs. We have a great deal of momentum as we continue into 2015, and are looking forward to another year of growth for the Focus partnership.”

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