Bordeaux Wealth Advisors, an independent registered investment advisor in Menlo Park, Calif., has joined Focus Financial Partners, Focus announced Monday.
Bordeaux Wealth, which has $2 billion in assets under management, serves ultra-high-net-worth clients, including entrepreneurs, corporate executives, technology professionals and representatives of the private equity and venture capital industries.
Focus Financial Partners, based in New York City, is a partnership of independent wealth management firms. Bordeaux serves primarily the Western U.S., with concentrations in Silicon Valley, San Francisco, Seattle, Los Angeles, Phoenix and Austin, Texas. The team that makes up Bordeaux Wealth Advisors was previously part of Brownson, Rehmus & Foxworth, an independent wealth management firm.
Bordeaux Wealth Advisors was founded by Tom Myers and Dave Murdock. Myers was a principal of Brownson, Rehmus & Foxworth for over 10 years. Prior to that he held senior executive and client service positions at Bessemer Trust, Morgan Stanley and Deloitte. Murdock previously held senior roles as a partner of Silvercrest Asset Management and a managing director of Northern Trust.
The partnership with Focus was done in part to help in succession planning to ensure the firm will be able to continue financial planning for their clients’ children and grandchildren and beyond, Myers said.