Focus Adds $675M ESG-Focused Wealth Group in New York

"This young firm will expand our presence in the important New York City wealth management market, and is led by an innovative management team with a strong and diverse group of next generation leaders," according to Focus Chairman and CEO Rudy Adolf. 

Seasons of Advice was founded by Charles Hamowy, Christopher Conigliaro and Matthew Woolf in 2017. 

The three started the firm "based on an innovative investment and planning approach that we believed would result in superior outcomes for our clients," Hamowy, CEO of Seasons of Advice, said in a statement. 

The group views ESG "as a critical component of the growth of our industry, and believe that investors can 'do well by doing good' by seeking attractive returns by investing in companies that are sustainable and responsible from an ESG perspective," he added.

In the first half of 2020, Focus Financial had revenue of $650 million, more than twice that of the same period of 2019; net income in Q1 and Q2 of 2020 totaled $37 million, and $109 million on an adjusted basis.