Focus Financial Partners is diversifying into the family office business with the acquisition of a major stake in New York-based Flynn Family Office, an advisory firm that was spun out of KPMG following the giant accounting firm’s purchase of another CPA firm, Rothstein Kass.
The firm is headed by CEO Rick Flynn, who began building the multifamily office at Rothstein Kass 13 years ago. It offers a suite of sophisticated tax, accounting and risk management services for wealthy individuals, most notably entertainers.
Terms of the transaction were not disclosed.
Russ Alan Prince is a strategist for family offices and many of the wealthiest families in the world. He helps them define and refine the desired outcomes they want. Russ also provides direction in selecting and structuring ultra-wealthy families’ relationships with private wealth industry professionals so they get superior results.