Focus Financial Partners announced the close of a $400 million credit facility, nearly double in size from an earlier facility closed in 2012. The new facility can be increased by $150 million through the utilization of an accordion feature, expanding the facility to $550 million.

A consortium of institutions supported the facility, including Bank of America, SunTrust Robinson Humphrey, The Bank of Tokyo Mitsubishi, UFJ, J.P. Morgan, Fifth Third Bank, U.S. Bank, Huntington Bank, Comerica Bank and TriState Capital Bank.

“This newly established credit facility further exemplifies the strength and success of the Focus model,” said James Shanahan, CFO of Focus Financial Partners. “The continued enhancements to our capital structure allow us to concentrate on attracting new partners and supporting the growth of existing ones. Focus shareholders also benefit from the tremendous flexibility and highly attractive rates that this funding creates.”

The $550 million credit facility is available to all Focus Partners, and further supports them with succession planning, the ability to execute mergers with smaller wealth management firms and achieving new levels of growth.

Rudy Adolf, founder and CEO of Focus, stated, “The marketplace continues to support the success of the Focus model and the trend towards independent wealth management. This past year has been an exceptional one for Focus.”