The latest M&A deals in wealth management across North America.

Focus Financial Partners, has partnered with a Canadian multi-family office, Prime Quadrant. 

The Toronto-based business was founded in 1998, starting as a single-family office created by a single entrepreneur and financial services figure, Ian Rosmarin. The firm now serves more than 100 ultra-high net worth families in Canada. 

“When we began looking for a strategic partner to help us get to the next level, Focus quickly emerged as the right match. With access to Focus’ value-added resources and capital, we can share knowledge with some of the leading ultra-high net worth firms in the industry and secure a path to growth while providing even better resources to our clients,” Mo Lidsky, CEO of Prime Quadrant, said.

“Canada is one of the international markets we are most excited about, considering its need for more independent advisors and the absence of a market leader in this space. We expect Prime Quadrant to be a great platform for additional M&A activity in the ultra-high net worth independent space in Canada. More broadly, we see our international opportunities as an important component of our growth strategy – as a source of further diversification and given the exciting secular trends in many markets which are aligned with our business model,” Rajini Kodialam, co-founder and chief operating officer at Focus, said.