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, NY / ACCESSWIRE / November 22, 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 Clinstman Financial Planning ("Clintsman"), a registered investment adviser based in Southlake, TX, 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.

Clintsman Financial Planning to Join Focus Partner Firm Buckingham Strategic Wealth, Strengthening Buckingham's Presence in the Dallas/Forth Worth Area

NEW YORK, NY / ACCESSWIRE / November 22, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Rudy Adolf, Founder, CEO and Chairman, and Jim Shanahan, Chief Financial Officer, are scheduled to present at the Goldman Sachs 2022 US Financial Services Conference on Tuesday, December 6, 2022 beginning at approximately 10:40 a.m. ET. Their remarks will include comments on Focus' business strategy, financial performance and outlook.

Focus Financial Partners to Present at the Goldman Sachs 2022 US Financial Services Conference

NEW YORK, NY / ACCESSWIRE / November 16, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Spectrum Management Group, LLC ("Spectrum" or "Spectrum Wealth Management"), a registered investment adviser headquartered in Indianapolis, IN, has entered into an agreement to join the Focus partnership. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.

Spectrum Wealth Management to Join Focus as a New Partner Firm, Strengthening Focus' Partner Presence in the Midwest

NEW YORK, NY / ACCESSWIRE / November 11, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it is launching a new credit facility to refinance its existing First Lien Term Loan and Revolver due in 2024. Focus may also raise additional debt capital for general corporate purposes.

Focus Financial Partners Announces Launch of Credit Facility Refinancing Reaffirms 3.5x to 4.5x Net Leverage Ratio Target

Focus Financial Partners Inc. (NASDAQ:FOCS ) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Ruediger Adolf - Founder, CEO & Chairman James Shanahan - CFO Russell McGranahan - General Counsel Conference Call Participants Craig Siegenthaler - Bank of America Ryan Kenny - Morgan Stanley Gerald O'Hara - Jefferies Matthew Moon - KBW Kwun Lau - Oppenheimer Patrick O'Shaughnessy - Raymond James Russell McGranahan Good morning, everyone. Before we begin, let me remind you that during the course of this call, we may make a number of forward-looking statements.

Focus Financial Partners Inc. (FOCS) Q3 2022 - Earnings Call Transcript

Focus Financial Partners Inc. (FOCS) delivered earnings and revenue surprises of 3.92% and 3.07%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Focus Financial Partners Inc. (FOCS) Tops Q3 Earnings and Revenue Estimates

NEW YORK, NY / ACCESSWIRE / November 3, 2022 / 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 third quarter ended September 30, 2022. Third Quarter 2022 Highlights Total revenues of $519.9 million, 14.4% growth year over year Organic revenue growth(1) rate of 3.4% year over year GAAP net income of $38.3 million GAAP basic and diluted net income per share attributable to common shareholders of $0.45 and $0.44, respectively Adjusted Net Income Excluding Tax Adjustments(2) of $70.1 million and Tax Adjustments(3) of $16.7 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.86 and Tax Adjustments(3) Per Share(2) of $0.20 Net Leverage Ratio(4) of 3.98x 24 transactions closed or announced year to date, 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 Third Quarter 2022 Results Results Reflect Benefits of Diversified Revenues and Structural Earnings Protections in Volatile Markets

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) Earnings Expected to Grow: Should You Buy?

NEW YORK, NY / ACCESSWIRE / October 26, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that eighteen of its partner firms were named to the inaugural Forbes/SHOOK 2022 List of 100 Top RIA Firms. This list is based on a national survey conducted by SHOOK Research, including qualitative and quantitative factors such as telephone and in-person interviews with the firms being reviewed.

18 Focus Partner Firms Named to the Inaugural Forbes/SHOOK 2022 List of Top 100 RIA Firms

NEW YORK, NY / ACCESSWIRE / October 25, 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 Schur & Sugarman, C.P.A.'s ("Schur & Sugarman"), a boutique business management firm located in Los Angeles, CA, will join Focus partner firm Provident Financial Management, LLC ("Provident").

Schur & Sugarman to Join Focus Partner Firm Provident Financial Management, Enhancing Provident's Business Management Expertise

NEW YORK, NY / ACCESSWIRE / October 25, 2022 / - Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Paul Guidry, an investment advisor based in Metairie, LA, has joined Focus partner firm Summit Financial Wealth Advisors, LLC ("Summit"), a registered investment advisor headquartered in Lafayette, LA. Guidry and the Summit team share a similar philosophy and approach to providing fiduciary advice to their clients.

Paul Guidry Joins Focus Partner Firm Summit Financial Wealth Advisors, Establishing Summit's Presence in New Orleans

NEW YORK, NY / ACCESSWIRE / October 20, 2022 / 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 third quarter ended September 30, 2022 on the morning of Thursday, November 3, 2022. 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 Third Quarter Results on November 3

NEW YORK, NY / ACCESSWIRE / October 12, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that seven advisers with Melbourne-based Escala Partners ("Escala") and one adviser with Sydney-based Brady & Associates Financial Advisers ("Brady & Associates"), a member of Connectus Wealth Advisers were named to the 2022 list of Australia's Top 100 Financial Advisers. The list is based on an extensive, national survey conducted by The Australian in collaboration with Barron's and is a guide to the country's leading wealth management advisers.

Eight Advisers With Focus Partner Firms Named to the 2022 List of Australia's Top 100 Financial Advisers

NEW YORK, NY / ACCESSWIRE / October 7, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that twelve of its partner firms were named to the Barron's 2022 List of Top 100 RIA Firms. This list is based on an extensive, national survey conducted by Barron's and is a guide to the leading registered investment advisers in the U.S. In alphabetical order, these firms are: Bartlett Wealth Management Buckingham Strategic Wealth The Colony Group Connectus Wealth Advisers Crestwood Advisors Group Douglas C.

12 Focus Partner Firms Named to Barron's 2022 List of Top 100 RIA Firms Steve Cassaday of Focus Partner Firm Cassaday & Company Named to Barron's 2022 Lists of Top 100 Financial Advisors and Top 100 Independent Advisors

NEW YORK, NY / ACCESSWIRE / September 22, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that FourThought Financial, LLC ("FourThought"), a registered investment adviser headquartered in Venice, FL, has entered into an agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.

FourThought Private Wealth to Join Focus as a New Partner Firm, Deepening Focus' Presence in the Florida Wealth Management Market

NEW YORK, NY / ACCESSWIRE / September 15, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Beaumont Financial Partners, LLC ("Beaumont"), a registered investment adviser based in Needham, MA, has entered into a definitive agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.

Beaumont Financial Partners, a Premier Independent Wealth Manager With a Substantial Presence in the Boston Metro Area, to Join Focus as a New Partner Firm

NEW YORK, NY / ACCESSWIRE / August 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 Dental Wealth Advisors, LLC ("Dental Wealth Advisors"), a registered investment adviser based in Bellevue, WA, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.

Dental Wealth Will Join Focus Partner Firm Buckingham Strategic Wealth, Further Expanding Buckingham's Presence in the Pacific Northwest

NEW YORK, NY / ACCESSWIRE / August 26, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that the team from Emerald Spectrum Advisory, Inc. ("Emerald Spectrum"), a financial planning practice located in Brentwood, TN, will join St. Louis, MO-based Focus partner firm Hill Investment Group ("Hill"). The Emerald Spectrum team is expected to join Hill in the fourth quarter of 2022, subject to customary closing conditions.

Emerald Spectrum Advisory Team to Join Focus Partner Firm Hill Investment Group, Establishing Hill's Presence in Nashville

NEW YORK, NY / ACCESSWIRE / August 18, 2022 / Connectus Wealth Advisers ("Connectus"), a global wealth management organization that delivers personalized advice through a collaborative alliance of client-centric advisers, and a partner firm of Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), announced today that it has launched MyConnectus, a proprietary digital engagement platform, which will be available exclusively to Connectus and Focus partner firm advisers and their clients. MyConnectus represents an innovative advancement in the ability for independent wealth managers and their clients to access comprehensive financial information and collaborate in real time.

Connectus Wealth Advisers Launches MyConnectus, an Innovative Digital Engagement Platform That Delivers an Integrated Wealth Management Experience to Advisers and their Clients

NEW YORK, NY / ACCESSWIRE / August 10, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that that its partner firm Connectus Wealth Advisers ("Connectus") has appointed Molly Bennard as Chief Executive Officer. Bennard is joining Connectus' global leadership team, which is responsible for executing on Connectus' global growth strategy.

Focus Partner Firm Connectus Wealth Advisers Appoints Chief Executive Officer to Join Connectus Leadership Team

NEW YORK, NY / ACCESSWIRE / August 10, 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 RT Mosaic Wealth Management LTD. ("RT Mosaic") will join Focus partner firm Cardinal Point Capital Management ULC ("Cardinal Point").

RT Mosaic Wealth Management to Join Focus Partner Firm Cardinal Point, Increasing Cardinal Point's Scale and Enhancing Its Western Canadian Presence

NEW YORK, NY / ACCESSWIRE / August 8, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that its subsidiary, Focus Treasury and Credit Solutions, LLC ("FTCS"), has partnered with Community Capital Technology Inc. ("Community Capital") to offer the FTCS Loan Marketplace (the "Marketplace") exclusively to Focus partner firms and their advisors. The Marketplace will provide an efficient way for advisors to connect their clients with a range of banks and other lenders to source credit solutions.

Focus Treasury and Credit Solutions Partners with Community Capital Technology to Offer Online Loan Marketplace Through an Innovative Digital Platform

Focus Financial Partners Inc. (NASDAQ:FOCS ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Ruediger Adolf – Founder, CEO & Chairman James Shanahan – CFO Russell McGranahan – General Counsel Conference Call Participants Craig Siegenthaler - Bank of America Securities Matthew Moon - Keefe, Bruyette, & Woods Brandon King - Truist Securities Owen Lau - Oppenheimer Russell McGranahan Good morning, everyone. Before we begin, let me remind you that during the course of this call, we may make a number of forward-looking statements.

Focus Financial Partners Inc. (FOCS) CEO Ruediger Adolf on Q2 2022 Results - Earnings Call Transcript

Focus Financial Partners Inc. (FOCS) delivered earnings and revenue surprises of 9.26% and 2.93%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Focus Financial Partners Inc. (FOCS) Q2 Earnings and Revenues Surpass Estimates

NEW YORK, NY / ACCESSWIRE / August 4, 2022 / 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 second quarter ended June 30, 2022. Second Quarter 2022 Highlights Total revenues of $539.2 million, 26.8% growth year over year Organic revenue growth(1) rate of 15.0% year over year GAAP net income of $49.3 million GAAP basic and diluted net income per share attributable to common shareholders of $0.51 and $0.50, respectively Adjusted Net Income Excluding Tax Adjustments(2) of $81.7 million and Tax Adjustments(3) of $16.0 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.99 and Tax Adjustments(3) Per Share(2) of $0.19 Net Leverage Ratio(4) of 3.90x 14 transactions closed or announced year to date, including 3 new partner firms and 11 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 Second Quarter 2022 Results Revenue Diversification, Variable Expense Base and Global Scale Drive Excellent Financial Performance in Volatile Markets

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