Summit Financial, a Lafayette investment and wealth management firm with $600 million in client assets, has joined New York-based Focus Financial Partners.
Focus is a partnership of independent wealth management firms with more than $70 billion in client assets.
Summit Financial was founded in 2003 by Fred Werner and David Daniel, both former Legg Mason advisors. Todd Lambert and Michael Pharr also are partners in the firm.
Summit was previously affiliated with Wells Fargo Advisors Financial Network for nearly eight years.
“As a partner firm, Focus provides us with the capital and deal expertise to grow through strategic acquisitions, while still allowing us to maintain focus on our clients,” said Daniel, Summit’s managing partner.
“Summit’s client-centric service model and entrepreneurial spirit make them a natural addition to our partnership,” said Rudy Adolf, founder and CEO of Focus, founded in 2006. “Focus has successfully supported more than 40 mergers for our partner firms and we plan to do the same for Summit as they look to acquire new talent to further establish a regional presence in the Southeast.”