Focus Financial Partners to acquire Cardinal Point.

Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, agreed to acquire Cardinal Point, an independent cross-border wealth management firm. Financial terms were not disclosed. "We are thrilled to welcome Cardinal Point to Focus. Cardinal Point is a clear leader in cross-border wealth management, adding a unique expertise to our partnership as we continue building a portfolio of firms that are highly complementary. This transaction further diversifies our partner group while also increasing our international footprint, which is an important strategic priority. We believe that Cardinal Point’s success with high-net-worth clients, together with its comprehensive service offering and strong leadership team, positions the firm to be a platform for future growth in both the United States and Canada," Rudy Adolf, Focus Founder, CEO and Chairman.