Updated

Updated · Wealth Management · Jul 1

Coastal Bridge Merges 3 Focus RIAs Into $10 Billion Firm as Consolidation Accelerates

Updated

Updated · Wealth Management · Jul 1

Coastal Bridge Merges 3 Focus RIAs Into $10 Billion Firm as Consolidation Accelerates

1 articles · Updated · Wealth Management · Jul 1

$10 billion in assets and 72 professionals will sit under Coastal Bridge after it combines with Waddell & Associates and One Charles Private Wealth, creating an eight-office national RIA.
The deal folds the Memphis and Hingham firms into Coastal Bridge as Focus Financial pushes a multi-year plan to merge smaller subsidiaries into larger hub entities.
The combined firm will include 34 financial advisors and 20 partners, drop One Charles's broker-dealer affiliation, and remain custodian-agnostic across Pershing, Schwab and Fidelity.
Focus, taken private by Clayton, Dubilier & Rice in 2023, says more than 60% of earnings now come from Focus Partners after about 40 of its original 90 firms were consolidated.

Sources

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