Focus Financial
Focus Pulls in $9.4 Billion-AUM Ancora as Midwest Foothold
The Cleveland-based holding company, which in the spring had waged a public, but ultimately unsuccessful proxy battle against Blucora, will be the 77th Focus partner firm.
Focus CEO Predicts RIA M&A Surge from Tax Hike Fears, Advisor Succession
Focus Financial Partners Chief Executive Rudy Adolf forecasts 250-300 deals a year across the industry, well above the 200-plus deals completed annually in recent record-setting years.
Focus Financial Cuts Exec Comp, CEO Pay Falls 16.6%
CEO Rudy Adolf’s total compensation package was valued at nearly $5.7 million in 2020, down from $6.8 million the previous year.
This Week in RIA M&A: Beacon Pointe Lassoes $1.2-Bln AUM TX RIA, Captrust Grows in CA
Beacon deal is its largest in the firm’s history by assets while Captrust scooped up a $700 million-asset investment advisory firm in Sacramento.
This Week in RIA M&A: Focus Adds Partner Firm as Other PE-Backed Buyers Strike
The first week of March saw Rudy Adolf’s Focus add its third partner firm of the year while other private equity-backed acquirers of RIAs continued their spending streaks.
Focus Financial’s PE Backers Eye $323 Million Pay Day with Stock Sale
Focus also said on Thursday it will add Prairie Capital Management, a registered investment advisor with $5 billion in assets under advisement, and merge another $1.3 billion-asset RIA in Rhode Island into existing partner firm SCS Capital Management.
Focus Financial Partners Touts Billion-Dollar War Chest for RIA Acquisitions
“We see many attractive opportunities to deploy capital,” says CEO Rudy Adolf, citing $1 billion to fuel deals in 2021.
Focus Financial Sues Executive Who Jumped to Hightower
Lawsuit against Scott Holsopple and Hightower says he took vital proprietary data when he joined the firm as “chief growth officer,” a recruiting position similar to his role at Focus Financial.
Focus Financial Buys $3.5 Billion RIA in Atlanta
The aggregator of small advisory firms put together deal for Edge Advisors as it was putting final touches on its $535 million IPO.
Focus Financial Gets Another Recap from More Private Equity Firms
KKR and Stone Point Capital buy majority stake in the advisory firm rollup, valuing Focus at some $2 billion.
Former LPL Broker Turned RIA Sells Stake to Focus
After four years of going it alone as an independent adviser, Texas’ CFO4Life partners with New York rollup firm.
