Gelfand, Rennert & Feldman, a Century City-based business management firm servicing entertainers, athletes, executives and high net worth individuals, will acquire Goldman & Knell in a deal that is slated to close by the end of the third quarter. The terms were not disclosed.
Also based out of Century City, Goldman & Knell is a boutique management agency offering business and wealth management services to its pool of wealthy clients primarily involved in the entertainment industry.
New York City-based Focus Financial Partners Inc., a strategic partner of GR&F, advised and assisted on this deal, which has been in the works for nearly a year.
A spokesperson from Focus said the company’s mission is to forge growth through acquisitions “to expand their bench of talent, client service offerings, client base and geographic reach.”
Partnering with Goldman & Knell came down to two key considerations.
“Goldman & Knell was looking to elevate their client service offerings and access a firm with deeper infrastructure to better service clients; and GR&F and Goldman & Knell’s cultures and client service model were aligned,” the spokesperson said.
GR&F Chief Executive Tyson Beem underscored the value Goldman & Knell will bring to his team.
“The client-first personalized service that the Goldman & Knell team provides their clients aligns well with GR&F,” Beem said in a statement. “We are excited to have Goldman & Knell’s talented professionals join us.”
Prior growth for GR&F includes a 2023 merger with Cortina Business Management, a Massachusetts-based firm also providing business management services to entertainment industry clientele.
Alan Goldman, managing partner of Goldman & Knell, weighed in on what the deal means for his company.
“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,” Goldman said in a statement.
