Focus Financial Partners announced that Dallas-based partner firm Edge Capital Group has added a former Goldman Sachs advisor.
Brad Parsons joins Edge Capital as a managing director and senior financial advisor, according to a press release announcing the move.
“The more I got to know Edge, the Focus partnership and the power of independent fiduciary advice, the more it became clear to me that this is exactly where I belong,” Parsons said in the announcement. “Edge is the perfect place for my clients and for me, and I am honored to be part of the team in Dallas.”
Parsons, a former minor-league professional hockey player, according to the National Hockey League’s website, began his financial services industry with Goldman’s Dallas office in 2009, according to his BrokerCheck record. The record indicates that he was discharged earlier this year, amid “allegations relating to charging personal food and beverage expenses to the firm that should not have been characterized as payable by the firm.” The record further indicates that Parsons reimbursed the expenses.
Focus Financial did not respond to a request for a comment, but Edge’s top brass welcomed Parsons’ hiring.
“We could not be more excited to welcome Brad and his clients to Edge,” Bert Rayle, founding partner and senior financial advisor of Atlanta-based Edge, said in the announcement.
“Many of us at Edge came from traditional banking and wirehouse backgrounds, so we appreciate the leap that Brad is making, and we are thrilled to have him on board,” Harry Jones, co-founder and managing partner at Edge, added in the announcement.
Focus continues prioritizing recruiting for its partner firms, Rudy Adolf, the firm’s founder, chief executive officer and chairman, added in the announcement.
Parsons holds an undergraduate degree in economics from Princeton University and an MBA from Southern Methodist University, according to the firm.