NEW YORK & BETHESDA, Md.--(BUSINESS WIRE)--Focus Financial Partners, LLC, the largest national partnership of independent wealth management firms, today announced that Focus Partner firm, Bridgewater Wealth & Financial Management, a Bethesda, MD-based independent RIA, has added former Maryland Capital Management President and veteran advisor, Stephen Schuler, as Principal and Chief Investment Officer.
At Maryland Capital Management, one of the largest RIAs in the Baltimore region, Mr. Schuler was President and Partner, and headed the Investment Committee for 14 years. Mr. Schuler brings more than $200 million in client assets to the firm, increasing Bridgewater’s total assets under management to approximately $500 million.
“Steve’s experience strengthens our investment management approach and further broadens our capabilities. We are very excited to have him join our team,” said Ron Rubin, Managing Principal at Bridgewater. “We are dedicated to growing our business through the addition of other advisors of Steve’s caliber, and we will continue to seek out similar opportunities to provide additional high value services to our clients.”
“Bridgewater’s client focus and the emphasis it places on providing holistic and customized solutions made joining the team a natural fit,” said Mr. Schuler. “Through this partnership, we can now expand our client base in the Baltimore and Washington D.C. region, as well as nationally, and they will now have access to a stronger, singular wealth management platform with expanded capabilities, which include financial planning and tax services.”
Vamsi Yadlapati, Managing Director at Focus, said: “Focus has seen strong M&A activity in 2014, having already completed five transactions this year to date, and we expect this momentum to continue. The combination of access to our resources and capital base, including our $550 million credit facility, allows our partners, like Bridgewater, to have a unique advantage in the industry as they look to provide added services to their clients and grow their businesses.”
About Bridgewater Wealth & Financial Management
Bridgewater Wealth & Financial Management is an Independent Registered Investment Advisor and provides comprehensive customized investment consulting, tax advisory services and financial management to high-net worth individuals, organizations and institutions across the U.S. Based in the Washington, D.C. area, Bridgewater’s seasoned staff of certified public accountants, financial managers and investment professionals work with each individual, athlete, celebrity, and family to help them achieve their financial goals. For more information regarding Bridgewater Wealth & Financial Management, please visit bridgewaterwealth.com.
About Focus Financial Partners
Founded in 2006, Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With approximately $70 billion in total client assets and 27 partners, Focus provides unrivaled access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. Focus partner firms maintain their entrepreneurial independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. Focus was included on Inc. magazine’s 5000 ranking of the nation’s fastest-growing private companies in 2011 and 2010. In 2012, Focus was named a Crain’s New York Business “Fast 50” growth firm in New York City. For more information, please visit www.focusfinancialpartners.com
Prepared by FTI Consulting on behalf of Focus Financial Partners