Ross Bennet Smith to Join Focus Partner Firm NKSFB, Expanding NKSFB’s Presence into the United Kingdom

NEW YORK, NY / ACCESSWIRE / July 1, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Ross Bennet Smith ("RBS"), a boutique family office services firm based in London, will join with Focus partner firm NKSFB, LLC ("NKSFB"), one of the premier multifamily office and business management firms in the United States. This transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.

Founded in 1983 by Stephen Ross and led by Daniel Ross since 2016, RBS is a leading provider of business management, tax, family office and corporate finance advisory services to a diverse set of global clients, including recording artists, actors, athletes, high net worth families and media and technology companies. RBS will leverage NKSFB's scale and infrastructure to expand its client services and geographic reach. Through RBS, NKSFB will gain additional talent as well as an international presence and expertise, while further expanding its position as a preeminent multifamily office and business management firm.

"I am excited for RBS to join forces with NKSFB, and for the opportunity to add my unique expertise to NKSFB as a Partner while I continue to lead RBS," said Daniel Ross, Managing Partner of RBS. "Not only are RBS clients gaining a greater breadth and depth of services, but they will also benefit from access to the NKSFB network and a brand which resonates globally."

"Daniel leads an incredible business that will add substantial value to our clients, while expanding our business beyond the United States. There will be many opportunities for collaboration, and we look forward to providing an enhanced client experience," said Mickey Segal, Managing Partner of NKSFB. "We are excited to have RBS' talented leadership and professionals join us, and we look forward to working and growing together."

"We are thrilled that the RBS team will be joining NKSFB," said Rudy Adolf, Founder, CEO and Chairman of Focus. "RBS' expertise in the UK market, combined with their deep client service capabilities and strategic advisory services, will further enhance NKSFB's brand and differentiated offering. We are pleased that NKSFB continues to utilize our M&A capabilities to advance their goal of becoming a global multifamily office and business management firm."