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Quadrant Private Wealth Launches Independent Firm and Joins Focus Financial Partners’ Connections Program

May 22, 2014

~Brand New RIA Located in Bethlehem, Pennsylvania~

BETHLEHEM, Pa. & NEW YORK--(BUSINESS WIRE)-- Focus Financial Partners, LLC, the largest partnership of independent wealth management firms, today announced the launch of Quadrant Private Wealth (“Quadrant”), a Pennsylvania-based independent Registered Investment Advisor (RIA) located in Bethlehem. Established by former Merrill Lynch advisors Herman L. Rij, Jason B. Cort, Kori Lannon, and Brian C. Cort, who managed more than $750 million in client assets, Quadrant has been launched through Focus Connections, a program that helps wirehouse teams successfully transition their business and launch their own independent wealth management firms.

The team has an impressive background, deep community ties, and extensive industry experience. Mr. Rij has served as a wealth advisor for more than four decades at Merrill Lynch. He was named as one of Barron’s ‘Top 1,000 Financial Advisors’ for six consecutive years. Prior to forming Quadrant, the founding partners worked as a team at the Rij, Cort, Lannon & Associates Group at Merrill Lynch, and are all excited to be coming together to launch their full service, independent wealth management practice. The firm will serve high-net-worth individuals and families, as well as businesses and other organizations. Quadrant will provide a full suite of wealth management services including an open investment platform that allows for customized portfolios in traditional and non-traditional asset classes.

“We believed this was the right time to launch our own firm so that we could continue to provide the best possible experience to our clients,” said Mr. Rij, Founding Partner and Private Wealth Advisor. “We knew we needed a partner to support our transition, and Focus was the clear leader in the industry with expertise, scale, and access to resources. We are thrilled we can simultaneously run a successful business, partner with leading industry experts, and most importantly, bring this benefit to our clients.”

A highly accomplished team, the founding partners collectively bring nearly 80 years of experience to Quadrant Private Wealth.

  • Herman L. Rij was with Merrill Lynch for over four decades and named a Barron’s ‘Top 1,000 Advisor’ for the last six years. He is a Founding Partner and a Private Wealth Advisor. He will apply his deep understanding of the markets and abundant investment management experience to Quadrant clients.
  • Jason B. Cort joined the Rij Group in 1997 and brings his expertise in wealth structuring/estate planning, liability management and equity strategies as Founding Partner and Private Wealth Advisor.
  • Kori Lannon joined the Rij Group at Merrill Lynch in 2007 after 13 years in commercial banking. She focuses on portfolio structure with an emphasis on risk management, tax-exempt income, and structured/alternative investments.
  • Brian C. Cort started with Merrill Lynch in 2002 and joined the Rij Group in 2008. He offers guidance for corporate retirement plans, retirement planning, and portfolio design.

    “We believe our clients, many of whom have been with our practice for many years, will be very supportive of this transition,” said Ms. Lannon, Founding Partner and Private Wealth Advisor. “Through the launch of Quadrant Private Wealth, we are enhancing our offering and providing high-end wealth solutions to meet our clients’ financial needs, however complex they might be. We are excited to have them join us in this next stage of our evolution.”

    “We are pleased to be Quadrant’s partner in launching their own independent wealth management firm. They are yet another top-tier team to join the Focus Connections program and continue the trend of leaving the wirehouses,” said Rudy Adolf, CEO of Focus Financial Partners. “Just this year, momentum of exits from wirehouses is accelerating. Quadrant is among an elite group of teams that seek better solutions and more options for their clients.”

    This is Focus’ fourth Connections transaction since the beginning of 2014. Earlier this year, IFM Capital Advisors launched a multi-office firm. Additionally, former Morgan Stanley and RBC advisors joined Beirne Wealth Consulting and Sapient Private Wealth Management, respectively.

    About Quadrant Private Wealth

    Quadrant Private Wealth is an independent Registered Investment Advisor located in Bethlehem, PA. Quadrant is a firm of seasoned and innovative private wealth advisors and a knowledgeable support staff with over 100 years of collective investment experience. Quadrant offers a complete spectrum of investment and wealth structuring strategies geared towards preserving and growing wealth. For more information, go to quadrantprivatewealth.com.

    About Focus Financial Partners

    Founded in 2006, Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With over $300 million in run rate revenues, Focus provides unrivaled access to best practices, resources, capital, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. Focus partner firms maintain their entrepreneurial independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. Focus was included on Inc. magazine’s 5000 ranking of the nation’s fastest-growing private companies in 2011 and 2010. In 2012, Focus was named a Crain’s New York Business “Fast 50” growth firm in New York City. For more information, please visit www.focusfinancialpartners.com.




    FTI Consulting

    Raina Gajjar, +1 (212) 850-5724

    Raina.Gajjar@fticonsulting.com

    or

    Courtney Chennells, +1 (212) 850-5629

    Courtney.Chennells@fticonsulting.com


    Source: Focus Financial Partners, LLC


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