Kovitz Acquires Relative Value Partners Group for $2.6 Billion

Kovitz Investment Group Partners Continues Expansion with Acquisition of Relative Value Partners

The latest news in the financial advisory world is the acquisition of Relative Value Partners (RVP) Group by Kovitz Investment Group Partners, a move that solidifies Kovitz’s position as a key player in the industry. With over $2.5 billion in assets under management, RVP brings a significant amount of client assets to Kovitz, pushing their total assets to over $24 billion.

This acquisition is part of Focus Financial’s strategy to consolidate its network of partner firms, with Kovitz being one of the key “hub” firms in this effort. By acquiring RVP, Kovitz is expanding its reach and enhancing the services it offers to high-net-worth individuals and institutions.

The founders of RVP, Maury Fertig and Bob Huffman, expressed their excitement about joining forces with Kovitz, citing the shared values and vision of both firms. This move is seen as a natural progression for RVP as they continue to evolve and grow in the industry.

This acquisition comes on the heels of other strategic moves by Focus Financial, including the merger of partner firms like Buckingham Strategic Wealth and The Colony Group, creating a powerhouse RIA with over $50 billion in client assets. With a focus on consolidation and growth, Focus is positioning itself as a leader in the financial advisory space.

Overall, the acquisition of RVP by Kovitz Investment Group Partners is a significant development in the industry, signaling a shift towards larger, more consolidated firms. As the landscape continues to evolve, it will be interesting to see how these strategic moves shape the future of financial advisory services.

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