PacWest Financial Management, an RIA based in Phoenix, has joined Benefit Financial Services Group in a move that expands Benefit Financial’s footprint and strengthens its wealth management services, Focus Financial Partners announced Monday.
Benefit Financial, which has offices in Irvine and Anaheim Hills, Calif., is a member of the Focus Financial network of independent wealth management firms.
Benefit Financial, which has $163 million in assets under management, was founded in 1990 to serve retirement plans and institutional clients. A year ago, it merged with Powers Capital Investments to establish a wealth management division for high-net-worth clients.
PacWest, which has $225 million in AUM, will continue to operate under its own name.