Focus Financial Buying $1.6B Ohio-Based RIA

Focus  Financial [FOCS] has more than $200 billion in client assets across its partnership of 65 firms.

Fairway Wealth was founded in 2002 by Dan Gaugler and Mark Weiskind, to focus on high and ultra-high net worth individuals and families. It uses a fee-only model. Both Gaugler and Weiskind were previously with Deloitte Touche.

The RIA hopes to leverage the Focus partnership to "accelerate" growth and support M&A activities, said Weiskind in a statement, adding that "joining Focus allows us to maintain our operational independence while creating future partnership opportunities for our next generation of talented leaders."

In August, Focus added Seasons of Advice Wealth Management of New York, a $675.5 million RIA with a focus on environmental, social and governance investing. Before that the RIA aggregator announced its purchase of InterOcean, a $2.5 billion RIA in Chicago.

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