Focus Partners Wealth Expands with Acquisition of David Wealth Management

NEW YORK--(BUSINESS WIRE)--Focus Financial Partners Inc., an interdependent partnership of wealth management, business management, and related financial services firms, today announced that Focus Partners Wealth, LLC will acquire David Wealth Management, LLC in a transaction expected to close in the third quarter of 2025, subject to customary closing conditions.

Upon closing, David Wealth will be the second external acquisition for Focus Partners Wealth since its rebrand in January 2025, following the acquisition of Churchill Management Corporation last month. David Wealth is expected to add approximately $239 million, measured as of March 31, 2025, to Focus Partners Wealth’s existing regulatory assets under management.

“M&A remains a key strategic priority as we continue to bring together exceptional firms that share our commitment to delivering greater value and service to clients and their advisors,” said Adam Birenbaum, President, Focus Financial Partners, and CEO of Focus Partners Wealth. “By joining forces with Focus Partners Wealth, David Wealth will have access to far greater resources and capabilities to deliver more value to their clients. I’m grateful to the David Wealth team for trusting Focus Partners Wealth in this important transaction and we look forward to welcoming them to our company.”

Based in Fairfax, Virginia, David Wealth has been an independent wealth management firm led by Jim David since 2012. The merger strengthens Focus Partners Wealth’s presence in the greater Washington, DC area – an important and strategic growth market for the company.

“I have known the team at Focus Partners Wealth for many years, and the caliber of their people made them an ideal partner,” said Jim David, Managing Member of David Wealth. “As a multi-generational firm, we are deeply committed to delivering exceptional service to the families who entrust us with their financial futures. Joining Focus Partners Wealth allows us to continue providing the personalized guidance our clients expect, supported by the expanded resources and expertise of a like-minded team. We are thrilled to begin this next chapter and look forward to a bright future together.”

About Focus Financial Partners Inc.

Focus is an interdependent partnership of wealth management, business management, and related financial services firms, rooted in a client-first approach and powered by the collective energy and capabilities of its many advisors and professionals. The Focus partnership includes firms operated under the Focus Partners brand that reflect the company’s key business lines. Through a blend of innovative solutions, strong capital backing, and deep business expertise, Focus empowers its firms to achieve their business objectives by helping them better serve their clients and advisors. Discover more about how Focus is evolving the wealth and business management landscape by visiting www.focusfinancialpartners.com or by following the company on LinkedIn.

About Focus Partners Wealth, LLC
Focus Partners Wealth is an organization of wealth, asset, and business management resources that brings strength, innovation, and partnership to client relationships. Through a comprehensive range of services, Focus Partners Wealth works with clients at every stage, helping them manage their financial future. Their team of advisors works collectively to deliver personalized wealth planning strategies across local communities, placing clients’ values, goals, motivations, and priorities at the heart of what they do. With nearly 100 locations across the country, Focus Partners Wealth serves clients in all 50 states. For more information visit wealth.focuspartners.com.

About David Wealth Management, LLC
David Wealth Management, LLC provides comprehensive financial planning solutions to help clients organize, grow and protect their assets. David Wealth advisors assist people in preparing for retirement, investing, establishing an estate plan, balancing tax strategies and more. For more information visit davidwealth.com.

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