Focus Financial Partners announces ABG of Michigan to join Sentinel
Focus Financial Partners announced that it has entered into a definitive agreement under which Alliance Benefit Group of Michigan will join Focus partner firm Sentinel Benefits & Financial Group, based in Wakefield, Massachusetts. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Founded in 1969 and located in Bingham Farms, Michigan, ABG of Michigan works with almost 400 benefits and retirement plans representing over 30,000 participants, and provides best-in-class administration and record-keeping services. ABG of Michigan's wholly-owned subsidiary, ABG Portfolio Strategies, Inc., provides investment advisory services primarily for retirement plan assets. ABG of Michigan, will expand Sentinel's geographical reach, creating a premier "super-regional" retirement and benefits-focused financial services firm, and will position Sentinel's business for further growth in the Midwest.