F2 Strategy said the transaction is a milestone for its business and sets the stage for accelerated growth and expanded service offerings.

Broadhaven served as exclusive financial advisor to F2 Strategy. The terms of the transaction were not disclosed.

Doug Fritz, CEO and co-founder of F2 Strategy, will lead the unified teams under the F2 brand.

Founded in 2000 and based in Winston-Salem, North Carolina, Oakbrook serves financial services clients such as banks, trust companies, RIAs, family offices, retirement plan providers, and custodians. The addition of Oakbrook’s 75-strong team bolsters F2 Strategy's wealth management and bank trust domain experience.

F2 Strategy has a client base now representing more than $2.5 trillion in AuM. By adding the Oakbrook team, F2 Strategy increases its combined organizational headcount to 100 employees. 

The business, which has created the Outsourced CTO (OCTO)™ offering, was founded in 2016 in San Francisco.