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Focus Financial Partners declares to have concluded an agreement for Grecu Capital Management join your partner firm Buckingham Strategic Heritage.

Grecu takes an approach to investing based on academic research and provides independent financial planning and wealth management services to high net worth individuals, business owners, executives and healthcare professionals, according to Focus.

The registered investment advisory firm was founded in 2002 in Roseville, California by Lex Grecuwho moved to Bend, Oregon in 2020, Focus says.

Buckingham, meanwhile, is run by the chief executive Adam Birenbaum, which is based in St. Louis. Part of the team is also based in Reston, Virginia Michael Kitcescorporate planning strategy manager and industry blogger.

“Having access to Buckingham’s enhanced services and breadth of wealth management capabilities will allow me to enhance my clients’ experience. I look forward to joining Buckingham’s existing team at Bend, and I believe we can do some exciting things together for years to come,” Grecu said in a statement.

The transaction demonstrates how Focus identifies “attractive merger candidates, with advisors of Lex’s caliber, to help our partner businesses enhance their growth and expand their geographic reach,” said Focus Founder, CEO and Chairman. . Rudy Adolf said in a statement.

“This is a strategic transaction that will provide Buckingham with an excellent opportunity to expand its presence in Bend, a thriving city that is becoming central to the independent wealth management market in the Pacific Northwest,” said added Adolf in a statement.

The transaction is expected to close in the third quarter of 2022, according to Focus. The companies did not disclose terms of the agreement.

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