Greystone was taken over by Focus Financial in April, with the US firm aiming to use it as a vehicle to buy other financial planners. Roger Harris & Co was founded in 1989 and has 140 clients and assets of 70m.
Focus is looking to increase its presence in the UK and buy what it sees as the best 2-3 per cent of IFA businesses that will fit in with its business model.
Focus Financial Partners founder and chief executive Rudy Adolf says: “It has been just three months since Greystone joined us so we are delighted to be able to support them in a transaction that assists in their accelerated growth so soon.
“Roger Harris & Co has one of the closest business models to the US fiduciary level of quality, independent, feebased advice that we have seen and will make a good addition to our growing operations in the UK.”