Focus Financial Partners

Focus Financial Partners, Inc. is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services. The company was founded by Leonard R. Chang, Ruediger Adolf and Rajini Sundar Kodialam on July 29, 2015 and is headquartered in New York, NY.

Earnings data Q2 2024

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Focus Financial Partners is a partnership of independent, fiduciary wealth management firms, they provide access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services. It uses its M&A expertise and capital to assist partner firms in identifying attractive expansion prospects of its own and has continued to expand its suite of value-added services to include technology, talent acquisition, business development and marketing, operations, and regulatory advice.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Focus Financial Partners Inc. (NASDAQ: FOCS) to affiliates of Clayton, Dubilier & Rice, LLC (“CD&R”) for $53.00 per share in cash is fair to Focus shareholders. Halper Sadeh encourages Focus shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.

FOCS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Focus Financial Partners Inc. Is Fair to Shareholders

Stockholders to Receive $53 per Share in Cash NEW YORK, NY / ACCESSWIRE / February 27, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus" or the "Company"), a leading partnership of independent, fiduciary wealth management firms, Clayton, Dubilier & Rice, LLC ("CD&R") and Stone Point Capital LLC ("Stone Point") announced today that Focus and CD&R have entered into a definitive agreement for Focus to be acquired by affiliates of CD&R in an all-cash transaction valued at an enterprise value of over $7 billion. The proposed transaction delivers substantial value to Focus' stockholders, who will receive $53 in cash per share, representing an approximately 36% premium to Focus' 60-day volume weighted average price as of the close on February 1, 2023 (the day prior to public announcement of the potential transaction), and an approximately 48% premium to the closing price of the Company's Class A common stock on December 28, 2022 (the day the Special Committee of the Board of Directors of Focus (the "Special Committee") authorized its financial advisors to contact other specified potential bidders regarding interest in a potential transaction).

Focus Financial Partners to be Acquired by Clayton, Dubilier & Rice

NEW YORK, NY / ACCESSWIRE / February 23, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Hotaling Investment Management, LLC ("Hotaling") will join Focus partner firm GYL Financial Synergies, LLC ("GYL"). GYL is headquartered in West Hartford, CT and has additional offices in Westport, CT and Parsippany, NJ.

Hotaling Investment Management To Join Focus Partner Firm GYL Financial Synergies, Expanding GYL's East Coast Presence

NEW YORK, NY / ACCESSWIRE / February 21, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Cortina Business Management, Inc. ("Cortina Business Management"), a boutique multifamily office and business manager located in Needham, MA, will join Focus partner firm Gelfand, Rennert & Feldman, LLC ("GR&F"), a leading multifamily office and full-service business management firm headquartered in Los Angeles, CA.This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions. Cortina Business Management was founded in 2002 by Rose Cortina.

Cortina Business Management to Join Focus Partner Firm Gelfand, Rennert & Feldman, Further Expanding Gelfand's Multi-Family Office and Business Management Presence in the Northeast

NEW YORK, NY / ACCESSWIRE / February 17, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Davis Financial Planning, LLC ("DFP"), a registered investment adviser based in Asheville, NC, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the second quarter of 2023, subject to customary closing conditions.

Davis Financial Planning to Join Focus Partner Firm Buckingham Strategic Wealth, Expanding Buckingham's North Carolina Presence to Asheville

Focus Financial Partners Inc. (NASDAQ:FOCS ) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Rusty McGranahan - General Counsel Rudy Adolf - Founder, Chief Executive Officer & Chairman Jim Shanahan - Chief Financial Officer Conference Call Participants Operator Good morning. I would like to welcome everyone to the Focus Financial Partners 2022 Fourth Quarter and Full Year Earnings Call.

Focus Financial Partners Inc. (FOCS) Q4 2022 Earnings Call Transcript

Focus Financial Partners Inc. (FOCS) delivered earnings and revenue surprises of 10% and 5.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Focus Financial Partners Inc. (FOCS) Tops Q4 Earnings and Revenue Estimates

Solid Full-Year Performance, Demonstrating Business Resiliency and Momentum Despite the Challenging Macro Environment NEW YORK, NY / ACCESSWIRE / February 16, 2023 / Focus Financial Partners Inc. (Nasdaq:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights Total revenues of $547.7 million, 4.5% growth year over year Organic revenue growth(1) rate of negative 3.5% year over year GAAP net loss of $1.4 million GAAP basic income per share of Class A common stock of $0.01 and diluted loss per share of Class A common stock of ($0.07) Adjusted Net Income Excluding Tax Adjustments(2) of $65.7 million and Tax Adjustments(3) of $16.9 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.79 and Tax Adjustments(3) Per Share(2) of $0.20 Completed credit refinancing in November including a new $240 million term loan Net Leverage Ratio(4) of 4.19x Full Year 2022 Highlights Total revenues of $2.1 billion, 19.2% growth year over year Organic revenue growth(1) rate of 8.5% year over year GAAP net income of $125.3 million GAAP basic and diluted income per share of Class A common stock of $1.40 and $1.39, respectively Adjusted Net Income Excluding Tax Adjustments(2) of $300.5 million and Tax Adjustments(3) of $64.4 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $3.62 and Tax Adjustments(3) Per Share(2) of $0.77 Net cash provided by operating activities for the trailing 4-quarters ended December 31, 2022 of $288.6 million LTM Cash Flow Available for Capital Allocation(2) for the trailing 4-quarters ended December 31, 2022 of $317.7 million 24 transactions closed in 2022, including 5 new partner firms and 19 mergers on behalf of partner firms Please see footnote 2 under "How We Evaluate Our Business" later in this press release.

Focus Financial Partners Reports Fourth Quarter and Full Year 2022 Results

NEW YORK, NY / ACCESSWIRE / February 14, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has made a minority investment in Luminary Platforms, Inc. ("Luminary"), a technology platform that brings efficiency and integration to how advisors connect client assets with their legacy goals. This investment reflects Focus' commitment to further deepening the client solutions it offers its partner firms through its value-added programs.

Focus Financial Partners Makes a Minority Investment in Luminary Platforms, Inc., a Technology Platform That Brings Efficiency and Integrated Access to Legacy Planning

Focus Financial Partners Inc. (FOCS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Focus Financial Partners Inc. (FOCS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

NEW YORK, NY / ACCESSWIRE / February 9, 2023 / Focus Financial Partners Inc. (Nasdaq:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, today announced that it will report its results for the fourth quarter and full year ended December 31, 2022 on the morning of Thursday, February 16, 2023. Focus will simultaneously post a slide presentation with respect to these results under Events in the Investor Relations section of its website www.focusfinancialpartners.com.

Focus Financial Partners to Release 2022 Fourth Quarter and Full Year Results on February 16

Focus Financial Partners Inc. (FOCS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Focus Financial Partners Inc. (FOCS): Can Its 8.1% Jump Turn into More Strength?

NEW YORK, NY / ACCESSWIRE / February 2, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it had entered into an exclusivity agreement for a limited period with Clayton, Dubilier & Rice, LLC ("CD&R"), a private investment firm, to engage in negotiations regarding the terms and definitive agreements whereby CD&R may potentially acquire Focus for $53 per share in cash. A Special Committee of the Board of Directors of Focus (the "Special Committee") was formed on November 1, 2022 to evaluate a non-binding offer received from CD&R and to explore alternative transactions.

Focus Announces Acquisition Proposal and Exclusivity Arrangement with Clayton, Dubilier & Rice

NEW YORK, NY / ACCESSWIRE / January 30, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Alliance Benefit Group Southwest, LLC ("ABGSW"), a retirement administration and record-keeping firm based in Albuquerque, NM, will join Focus partner firm Sentinel Benefits Group, LLC, which is part of Sentinel Group ("Sentinel"), headquartered in Wakefield, MA. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Alliance Benefit Group Southwest to Join Focus Partner Firm Sentinel Group

Focus Financial Partners Inc. (FOCS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Focus Financial Partners Inc. (FOCS) Beat Estimates Again in Its Next Earnings Report?

NEW YORK, NY / ACCESSWIRE / January 25, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Newman & Schimel, LLC("Newman Schimel"), a registered investment adviser based in Deerfield, IL, will join Chicago-based Focus partner firm Kovitz Investment Group Partners, LLC ("Kovitz"). This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Newman Schimel to Join Focus Partner Firm Kovitz Investment Group, Expanding Kovitz's Greater Chicago Area Presence in its Second Transaction Announced in 2023

Transaction Will Increase GYL's Scale and Establish Its New York City Presence NEW YORK, NY / ACCESSWIRE / January 10, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Financial Partners Capital Management, LLC ("FPCM") will join Focus partner firm GYL Financial Synergies, LLC ("GYL"), GYL is headquartered in West Hartford, CT and has offices in Westport, CT and Parsippany, NJ. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Financial Partners Capital Management to Join Focus Partner Firm GYL Financial Synergies

NEW YORK, NY / ACCESSWIRE / January 6, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Siena Capital, LLC, d/b/a Oxford Financial Partners ("Oxford" or "Oxford Financial Partners"), an investment adviser based in Cincinnati, OH, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Oxford Financial Partners Will Join Focus Partner Firm Buckingham Strategic Wealth, Establishing Buckingham's First Office in Cincinnati, Ohio

NEW YORK, NY / ACCESSWIRE / January 5, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Origin Holding Company, LLC ("Origin"), a private real estate fund manager headquartered in Chicago, IL, will join forces with Chicago-based Focus partner firm Kovitz Investment Group Partners, LLC ("Kovitz"). The Origin business will retain its leadership and investment team and will continue to offer its real estate funds under the Origin brand.

Origin Investments to Join Forces with Focus Partner Firm Kovitz Investment Group in a Strategic Transaction to Expand Kovitz's Private Real Estate Investment Solutions

NEW YORK, NY / ACCESSWIRE / December 27, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Cooper Lapman Financial, LLC ("Cooper Lapman"), a registered investment adviser based in Boston, MA, will join Focus partner firm The Colony Group, LLC ("Colony"). The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Cooper Lapman to Join Focus Partner Firm The Colony Group, Expanding Colony's Substantial Boston Presence in its Second Strategic Transaction Announced in 2022

NEW YORK, NY / ACCESSWIRE / December 23, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Convergent Financial Strategies LLC ("Convergent"), a registered investment adviser based in Plymouth Meeting, PA, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Convergent Financial Strategies to Join Focus Partner Firm Buckingham Strategic Wealth, Creating a New Presence in Philadelphia Wealth Market

Focus Financial Partners has an improving financial picture, with gains made in both revenue as well as cost improvements. This has resulted in the Focus Financial Partners' share price being undervalued compared to peers when looking at multiples.

Focus Financial Partners: Upside But With Risk Of Cost Growth

NEW YORK, NY / ACCESSWIRE / December 2, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Regent Investment Management, LLC ("Regent"), an investment adviser based in Louisville, Kentucky, will join Focus partner firm Bartlett & Co. Wealth Management LLC ("Bartlett"). The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Regent Investment Management to Join Focus Partner Firm Bartlett & Co. Wealth Management, Expanding Its Midwest Presence

NEW YORK, NY / ACCESSWIRE / November 29, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Davis & Seiley Wealth Management, Inc. ("Davis & Seiley"), a registered investment adviser ("RIA") located in La Mesa, California, will join Focus partner firm HoyleCohen, LLC ("HoyleCohen"), headquartered in San Diego, California. This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Davis & Seiley Wealth Management to Join Focus Partner Firm HoyleCohen, Further Expanding HoyleCohen's Presence in the San Diego Wealth Management Market

NEW YORK, NY / ACCESSWIRE / November 28, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has closed on its credit refinance and term loan raise. Focus raised a new $1,760 million First Lien Term Loan B ("Term Loan B") and a new $240 million First Lien Term Loan A ("Term Loan A"), which is available on a 9 month delayed draw basis.

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