Los Angeles, LA – June 19, 2017 – HoyleCohen, LLC announced today that is has acquired Libbie Agran Financial Services (‘Libbie Agran’), a registered investment advisory firm based in Santa Monica, California.
The deal creates a regional, full service wealth management firm with offices in San Diego, Santa Monica and Sacramento, California and roughly $1.7 billion in managed client assets. This is HoyleCohen’s third acquisition and merger since joining the Focus Financial partnership in 2006.
Founded in 1981, Libbie Agran provides comprehensive wealth management services and develops customized investment portfolios tailored to its clients’ individual goals across their various life stages. The merger will provide operating efficiency to Libbie Agran in addition to increasing its client service capabilities. Peter Mueller, the President of Libbie Agran, will continue to head the Santa Monica office and service clients now as a Partner and Managing Director of HoyleCohen LLC.
“We were introduced to Peter and the Libbie Agran team by Focus in 2014 and have been excited about the prospect of them joining HoyleCohen since that time, given our shared values and mission,” said Mark Delfino, CEO and Senior Managing Director at HoyleCohen. “With an expanded presence in Southern California and deepened bench strength, we will be able to offer even more robust investment and wealth management services to our clients.”
“HoyleCohen shares our passion for putting clients’ interests first. They have a dedicated management and support team who will offload many management and administrative tasks, allowing us to spend more time on client needs and issues. The merger will also greatly expand our service offerings and investment opportunities, enabling us to do even more for our clients,” said Peter Mueller, President at Libbie Agran.
“We are delighted to support this expansion of our partner’s presence on the West Coast, where both new wealth and entrepreneurs are growing rapidly. HoyleCohen is a premier firm, committed to providing tailored services for each of their customer segments and putting their clients’ interests first; Libbie Agran shares the same principles. We are delighted to connect the two firms and look forward to their future growth,” said Rudy Adolf, Founder and CEO of Focus.
About HoyleCohen, LLC
With offices in San Diego and Sacramento, CA, HoyleCohen offers affluent families comprehensive wealth management services that cover retirement, estate, tax, insurance and legacy planning. HoyleCohen also offers a unique combination of investment strategies designed to offer a stable, inflation-beating return under a variety of market conditions. Founders Kevin Hoyle and Joe Cohen continue to serve clients, having done so for over three decades, while a new generation of management, led by Mark Delfino, runs the firm. HoyleCohen expanded into Sacramento, CA in 2014 when it acquired Chuck Ebersole’s practice. Chuck has been an advisor for four decades and is the creator of the Wealth & Beyond Program® which HoyleCohen has adopted and enhanced for its clients. For more information, please visit www.hoylecohen.com.
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
