We are pleased to announce an important milestone involving Ancora Holdings Inc. and its subsidiaries (collectively, “Ancora”). Effective on or about October 1, 2021, our firm will join Focus Financial Partners, LLC (“Focus”), a leading partnership of over 70 independent wealth management and financial services firms located throughout the United States and abroad via a merger agreement. The transaction is subject to customary closing conditions and certain regulatory approvals.
Ancora has long been committed to enhancing and diversifying our business model and the services we are able to provide to our clients. Our new relationship with Focus is another example of this commitment. By joining Focus, we will enhance our access to best practices, resources and continuity planning while retaining our independent brand, business strategies and service teams.
We will continue to operate our businesses under the Ancora name, and our leadership will continue to manage the business. We will retain authority regarding our investment advisory and other services provided to our clients, and will continue to maintain the same duties and responsibilities.
We value the relationship we have built with our clients over the years and are grateful for the trust they have placed in us. Our success is the result of their support, which is one of the factors that attracted Focus to Ancora in the first place. As always, our clients’ long-term financial success remains our principal objective. We are excited about the future.
The full press release can be found here.