Foster Dykema Cabot & Co Incorporated (FDC), an independent RIA based in Boston, Massachusetts, has entered into a definitive agreement to join the Focus Financial Partners, a partnership of independent, fiduciary wealth management firms.
The transaction is expected to close in the first quarter of 2019, subject to customary closing conditions.
Founded in 1967 as an investment-focused family office for several families, FDC has evolved into a holistic wealth management and multi-family office firm under the leadership of its President, Elizabeth Braudis. FDC provides multi-generational, ultra-high net worth families with individualised services encompassing investment management, estate and tax planning and family office services.
“FDC is rooted in trusted client relationships that span generations. We are very focused on retaining the firm’s legacy and improving the level of service that our clients have enjoyed,” says Elizabeth Braudis. “Focus, with its unique business model, will allow FDC to retain operational autonomy and begin a long-term succession plan that will seek to provide future generations of our clients with the support and resources necessary to preserve and grow their wealth in an ever-changing financial landscape.”
“FDC has cultivated strong long-term relationships through their unique ability to meet their clients’ complex needs through holistic fiduciary services,” says Rudy Adolf, Founder, CEO and Chairman of Focus. “Our partner firms have the autonomy to continue to do what they excel at, while we find ways to help them plan for the future and take their business to the next level. We welcome Elizabeth and her partners to Focus.”