ACCESS Newswire
16 Nov 2023, 05:25 GMT+10
NEW YORK, NY / ACCESSWIRE / November 15, 2023 / Focus Financial Partners ('Focus'), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Ketoret Capital, LLC ('Ketoret'), located in Wood Dale, Illinois, will join Focus partner firm Telemus Capital, LLC ('Telemus'), headquartered in Southfield, Michigan. This transaction is expected to close in the first quarter of 2024, subject to customary closing conditions.
The Ketoret team, led by founder and CEO Kirill Vorobeychik, is known for its personalized advice and dedication to client-first service. Ketoret guides its clients through a comprehensive financial planning process and supports clients and their families based on their individual circumstances. Ketoret's clients will benefit from the broader resources and infrastructure available through Telemus, and Telemus will add a talented team.
'After a rigorous process to identify a strategic partner, I felt there was a great fit with a team that had the same level of commitment to client care that our clients have become accustomed to,' said Kirill Vorobechik. 'We expect this transaction to enhance the services and resources we can offerour clients, and to provideour team with a seamless transition that will equip them with tools to enhance our clients' experiences.'
Telemus CEO Lyle Wolberg added, 'We have gotten to know Kirill, his team and their unwavering commitment to their clients, and believe our firms coming together will add talented professionals and a strong base of clients to our growing team in that wealth market.'
'We are delighted that Ketoret will be joining Telemus,' said Pradeep Jayaraman, Managing Director - Co-Head Partnerships and Business Development for Focus. 'This transaction will enable Telemus to continue to add talent to its team and is another example of how we add value to our partners through our M&A expertise and extensive network of relationships in the industry, and our ability to provide solutions to advisors throughout the country, and regardless of their individual situations or any unique circumstances.'
About Focus Financial Partners
Focus Financial Partnersis a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.
About Telemus Capital, LLC
Telemus Capital, LLC is an independent investment adviser headquartered in Southfield, MI with offices in Ann Arbor, MI and Chicago,IL. The firm provides wealth management, investment management and financial planning services to individuals and families seeking impartial advice and long-term financial security. For more information about Telmus, please visit www.telemus.com.
Media Contact
Travis Danysh
Managing Director
Focus Financial Partners
P: + 646-518-1342
[email protected]
SOURCE: Focus Financial Partners Inc.
Get a daily dose of Salt Lake City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.
More InformationNEW YORK, New York - U.S, and global financial markets were in crisis Friday as China increased its tariffs on the U.S. to 125 percent,...
HAMBURG, Germany: Airbus is looking to expand in-flight connectivity options through a new satellite partnership with Amazon, as the...
BANGKOK, Thailand: Thailand is adjusting its trade strategy in response to unexpectedly steep U.S. tariffs, moving to soften the economic...
NEW YORK, New York - U.S. stocks fell sharply Thursday, wiping out much of the gains that came in the relief rally a day earlier after...
LOS ANGELES, California: Over the weekend, hundreds of Hollywood workers, including crew members, producers, and actors, asked California...
ATHENS, Greece: As Europe braces for the economic fallout of new U.S. tariffs, a top eurozone official has warned the consequences...
SANTA Fe, New Mexico: More and more voters in New Mexico don't belong to any political party. Until now, they couldn't vote in primary...
WASHINGTON, D.C.: The Trump administration is in early talks about holding a large military parade in Washington, D.C., this summer—a...
NEW YORK, New York - U.S, and global financial markets were in crisis Friday as China increased its tariffs on the U.S. to 125 percent,...
WASHINGTON, D.C.: U.S. President Donald Trump's choice to lead NASA, Jared Isaacman, has told lawmakers that sending astronauts back...
NEW YORK, New York - U.S. stocks fell sharply Thursday, wiping out much of the gains that came in the relief rally a day earlier after...
FRANKFORT/JACKSON: It is been about 45 years since a U.S. state last got rid of its income tax on wages and salaries. But now, Mississippi...