New York—March 20, 2018— Focus Financial Partners (‘Focus’), a leading international partnership of independent, fiduciary wealth management firms, today announced that Nigro Karlin Segal Feldstein & Bolno (‘NKSF&B’), a premier family office and business management firm based in Los Angeles, has signed a definitive agreement to join the Focus partnership.
With more than 300 employees and 35+ years in practice, NKSF&B has one of the country’s largest practices specializing in business management, family office, tax and other services for top entertainers, musicians, producers, athletes, executives, high-net-worth individuals and entrepreneurs.
Founded in 1981 by Fred Nigro, Michael Karlin and Mickey Segal, the firm merged with Richard Feldstein’s business management practice in 2007, and added David Bolno as a named partner in 2014. In addition to the Los Angeles office, NKSF&B has offices in New York, San Francisco and Newport Beach.
“We are very excited to join the Focus family and to have found a partner who shares our devotion to serving the needs of our clients, as well as our commitment to continued growth and independence,” said Mickey Segal, managing partner of NKSF&B. “Our firm has thrived for three decades because of our entrepreneurial culture, our integrity and our laser focus on what’s best for our clients. Focus shares these values and has the resources to take NKSF&B to the next level, whether that be through organic growth or through acquisitions.”
“We have been impressed by NKSF&B’s brand, scale and entrepreneurial spirit, and look forward to helping them achieve their long-term vision for the firm,” said Rudy Adolf, Founder and CEO of Focus. “Their focus on striving to serve clients in the highest possible manner and their desire to utilize M&A to augment their already strong organic growth make them a natural fit for the Focus partnership.”
NKSF&B’s legal counsel for the transaction is DLA Piper LLP (US). American Discovery Capital acted as exclusive financial advisor to NKSFB in this transaction.
The transaction is expected to be completed in early April, subject to customary closing conditions.
About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefits consulting and investment consulting services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices of a market leader to achieve their business objectives. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com.
About Nigro Karlin Segal Feldstein & Bolno
Nigro Karlin Segal Feldstein & Bolno is a premier family office and business management firm based in Los Angeles. With more than 300 employees and 30+ years in practice, NKSF&B focuses on business management, tax and other services. NKSF&B has one of the largest business management practices in the country, representing many of the world’s top entertainers, musicians (recording and touring), producers, athletes, executives, high net worth individuals and entrepreneurs. For more information, visit www.NKSFB.com.
Phone: +1 646-775-6412