Focus Financial Partners Inc., a leading partnership of fiduciary wealth management and related financial services firms, today announced that it has entered into a definitive agreement under which Goldman & Knell CPA’s, LLP, a boutique business management firm located in Los Angeles, CA, will join Focus partner firm Gelfand, Rennert & Feldman (or “GR&F”). GR&F, which is also headquartered in Los Angeles, is one of the premier multifamily office and business management firms in the industry. This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
Founded by Alan Goldman in 1992 and later joined by Paul Knell in 1994, Goldman & Knell provides comprehensive business management services to individuals and businesses in the entertainment industry, specifically in the television, film and music spaces, as well as family office, bookkeeping, recordkeeping, and tax and accounting services. By joining GR&F, Goldman & Knell will strengthen its client service offerings through access to GR&F’s royalty and related services and international tax and business management services. Through its acquisition of Goldman & Knell, GR&F will gain additional talent, further expanding its expertise in the business management and production accounting space.
“Our main goal in finding a strategic partner is to ensure the continuity of our well-established and high-touch client service offering, while also gaining access to additional resources to help us better serve our clients into the future,” shared Alan Goldman, Managing Partner of Goldman & Knell. “We were drawn to joining GR&F based on their leadership in the family office and business management space and deep bench of talent,” added Paul Knell, Partner of Goldman & Knell. “Not only are Goldman & Knell clients gaining a greater breadth and depth of services, but they will also benefit from access to the GR&F global team.”
“Alan and Paul have built an exceptional business. The client-first personalized service that the Goldman & Knell team provides their clients aligns well with GR&F,” said Tyson Beem, Chief Executive Officer of GR&F. “We are excited to have Goldman & Knell’s talented professionals join us.”
"We are delighted that Goldman & Knell will be joining GR&F,” said Travis Danysh, Chief Corporate Development Officer for Focus. “The clients of both firms will benefit from this combination of resources and talent, and this transaction will further position GR&F as a leader in the industry. GR&F’s continued strategic use of Focus’ M&A capabilities exemplifies the desire of Focus firms to grow and better serve their clients through our thoughtful M&A strategy.”
About Focus Financial Partners Inc.
Focus is a leading partnership of fiduciary wealth management and related financial services firms. Focus provides access to best practices, greater resources, and continuity planning for its affiliated advisory firms, which serve individuals, families, employers, and institutions with comprehensive financial services. Focus firms and their clients benefit from the solutions, synergies, scale, economics, and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.
About Gelfand, Rennert & Feldman, LLC
GR&F is a leading multifamily office and full-service business management firm that provides unparalleled service to entertainers, athletes, executives and high net worth individuals. GR&F offers a comprehensive range of business management services and tax services customized to suit clients’ unique financial needs. Headquartered in Los Angeles, CA, GR&F also has offices in New York, NY, Nashville, TN, San Rafael, CA, Boston, MA and London. For more information about GR&F, please visit http://www.grfllp.com.
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