Focus Financial's Connectus Acquires Trident Financial Planning
15th April 2024
Focus Financial Partners, Inc. (NASDAQ: FOCS) is a leading partnership of independent, fiduciary wealth management firms, managing over $360bn in assets. Today, it announced the acquisition of Trident Financial Planning Limited by Connectus Wealth Advisers.
US-based Connectus is a “global consortium” of advisers that delivers wealth management advice through “access to expanded services, shared resources and best practices.” The firm is a subsidiary of Focus Financial, a partnership of independent, fiduciary wealth management firms in the US.
Trident is a boutique chartered financial planning and wealth management firm headquartered in Berkshire, England with a satellite office in East Lothian, Scotland. Established in 2010 by Vince Reeves, Duncan Forbes, and Andrew Wagstaff, Trident offers tailored financial advice to individuals and families across the United Kingdom.
Through a personalised approach, Trident has built strong, multi-generational relationships with clients, providing comprehensive wealth management and financial planning solutions throughout their financial journeys.
“We are very excited to announce our partnership with Connectus,” said Vince Reeves, Founder and Director of Trident. “This is the next step in the evolution of our firm, and we are pleased to be gaining a strategic partner who appreciates our entrepreneurial and client-centric mindset. Similarly, we look forward to gaining access to the collaborative community and resources Connectus offers to support our growth and our long-term succession plan.”
Comments by Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus:
“We are thrilled to welcome Trident as the second firm to join Connectus in the United Kingdom following Connectus’ initial entry into this market earlier this year.”
“Joining Connectus will enable the Trident team to broaden their capabilities and access a consortium of like-minded advisers while they maintain autonomy over their client relationships. Connectus’ unique value proposition has allowed us to sustain strong momentum in the United Kingdom. By providing advisors with the technology and tools to efficiently deliver an exceptional client experience while also giving them the resources to achieve substantial operating efficiencies, Connectus remains highly differentiated in the wealth management market globally.”
Chapters Capital is proud to have brokered this transaction. If you are interested in exploring options for your business, please contact the team to book a confidential call.