Focus Partners firm Kovitz to add Transform Wealth

GlobalData

Mon, Mar 17, 2025, 8:06 AM 2 min read

Kovitz, a Focus Partners firm, has added Colorado-headquartered Focus network firm Transform Wealth into its fold.

The deal, due to complete in the second quarter of 2025, will see Transform Wealth add approximately $3bn to Kovitz's $32bn in regulatory assets under management.

Based in the Denver area with additional offices in Colorado Springs and Houston, Transform Wealth caters to high-net-worth clients with a suite of wealth management and financial planning services.

Kovitz, headquartered in Chicago, offers investment solutions to individuals, institutions, and private funds and has been a Focus firm since 2016.

Focus said that the deal will unite two “like-minded” businesses with a shared ethos in active investment management.

Kovitz CEO Mitchell Kovitz and Focus Financial Partners vice chairman said: “We’re proud to welcome the Transform Wealth team to Kovitz, as they have a long history of prioritising clients and offering financial planning and investment tools that keep pace with evolving client needs.”

The merger will see Kovitz welcome Transform Wealth's advisory team, including CEO Nathan Kubik and President David Kubik.

Transform's Mountain West presence is said to complement Kovitz's current geographic reach.

In turn, Transform Wealth will benefit from Kovitz's resources and capabilities, aiming to provide improved services to clients and advisors, added Focus.

Nathan Kubik said: “Transform Wealth has always been driven by a deep commitment to putting our clients’ interests first, delivering financial advice tailored to each individual’s needs. Joining Kovitz represents a natural progression in that commitment.”

In 2023, Focus Financial Partners finalised an agreement, allowing its partner firm Kovitz Investment Group Partners to add US private real estate fund manager Origin to its portfolio.

"Focus Partners firm Kovitz to add Transform Wealth" was originally created and published by Private Banker International, a GlobalData owned brand.

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