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 / December 1, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus" or the "Company"), a leading partnership of independent, fiduciary wealth management firms, announced today that it will host its second Investor Day via video live stream on Thursday, December 9, 2021. The event will begin at 8:00 a.m.

Focus Financial Partners Announces Further Details for Second Investor Day on December 9

NEW YORK, NY / ACCESSWIRE / November 30, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Alley Company, LLC ("Alley Company"), a registered investment adviser ("RIA") headquartered in Lake Forest, Illinois, has entered into an agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

Alley Company, a Premier Midwest Investment Management and Advisory Firm, to Join Focus as a New Partner Firm

Focus Financial Partners Inc. (FOCS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Focus Financial Partners Inc. (FOCS) Hits Fresh High: Is There Still Room to Run?

NEW YORK, NY / ACCESSWIRE / November 22, 2021 / 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 Derby and Company, Inc. ("Derby"), a registered investment adviser based in Newton, MA, will join Focus partner firm The Colony Group, LLC ("Colony"). The transaction is expected to close later this year, subject to customary closing conditions.

Derby and Company to Join Focus Partner Firm The Colony Group, Further Expanding Colony's New England Presence

NEW YORK, NY / ACCESSWIRE / November 8, 2021 / Focus Financial Partners Inc.(NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Mosaic Family Wealth, LLC ("Mosaic Family Wealth"), a registered investment adviser headquartered in St. Louis, Missouri, has entered into an agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

Mosaic Family Wealth, a Leading Independent Wealth Manager in Missouri, to Join Focus as a New Partner Firm, Further Expanding Focus' Midwest Presence

Focus Financial Partners Inc. (FOCS) CEO Rudy Adolf on Q3 2021 Results - Earnings Call Transcript

Focus Financial Partners Inc. (FOCS) delivered earnings and revenue surprises of 2.08% and 2.12%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Focus Financial Partners Inc. (FOCS) Q3 Earnings and Revenues Top Estimates

M&A Momentum Drives Sustained High Growth and Strong Financial Performance NEW YORK, NY / ACCESSWIRE / November 4, 2021 / 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, 2021. Third Quarter 2021 Highlights Total revenues of $454.5 million, 37.1% growth year over year Organic revenue growth(1) rate of 28.8% year over year GAAP net income of $1.8 million GAAP basic and diluted net income per share attributable to common shareholders of $0.01 Adjusted Net Income Excluding Tax Adjustments(2) of $68.5 million and Tax Adjustments of $11.8 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.84 and Tax Adjustments Per Share(2) of $0.14 Net Leverage Ratio(3) of 3.54x Net cash provided by operating activities for the trailing 4-quarters ended September 30, 2021 of $310.7 million, 52.8% higher than the prior year period LTM Cash Flow Available for Capital Allocation(2) for the trailing 4-quarters ended September 30, 2021 of $299.7 million, 54.4% higher than the prior year period Closed new 7-year term loan tranche on July 1, 2021, raising $800 million of debt capital to finance robust M&A pipeline Closed 2 partner firm acquisitions and 7 mergers during the quarter, bringing YTD total closed transactions to 16 M&A transactions in key international markets (UK, Canada and Australia), driving increased diversification of revenue base (1)Please see footnote 2 under "How We Evaluate Our Business" later in this press release.

Focus Financial Partners Reports Third Quarter Results

NEW YORK, NY / ACCESSWIRE / November 1, 2021 / 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 industry veteran Rebecca Deaton will join Focus partner firm Relative Value Partners Group, LLC ("RVP"), headquartered in Northbrook, Illinois. This transaction is expected to close on or about December 31, 2021, subject to customary closing conditions.

Rebecca Deaton To Join Focus Partner Firm Relative Value Partners, Enhancing Its Wealth Management Capabilities And Growing Its Presence in Chicago

NEW YORK, NY / ACCESSWIRE / October 29, 2021 / 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 Capital Advisors, LLC ("Capital Advisors"), a registered investment adviser based in Southborough, MA, will join Focus partner firm The Colony Group, LLC ("Colony"). The transaction is expected to close later this year, subject to customary closing conditions.

Capital Advisors to Join Focus Partner Firm The Colony Group, Further Enhancing Colony's New England Presence

NEW YORK, NY / ACCESSWIRE / October 27, 2021 / 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 Bank of America 2021 Banking and Financials Conference on Tuesday, November 9,2021 beginning at about 8:50 a.m. ET. Their remarks will include comments on Focus' business strategy, financial performance and outlook.

Focus Financial Partners to Present at the Bank of America 2021 Banking and Financials Conference

NEW YORK, NY / ACCESSWIRE / October 21, 2021 / 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, 2021 on the morning of Thursday, November 4, 2021. 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 2021 Third Quarter Results on November 4

NEW YORK, NY / ACCESSWIRE / October 8, 2021 / 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 Harrison, McCarthy & Co., L.L.C. ("Harrison, McCarthy"), a Millburn, NJ based firm specializing in tax planning and preparation services, will join Focus partner firm The Colony Group, LLC ("Colony").

Harrison, McCarthy To Join Focus Partner Firm The Colony Group, Further Enhancing Colony's Tax Planning and Preparation Services

NEW YORK, NY / ACCESSWIRE / October 7, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that The Ullmann Financial Group, Inc. ("Ullmann Wealth Partners"), a registered investment adviser headquartered in Jacksonville Beach, Florida, has entered into an agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

Ullmann Wealth Partners, a Leading Independent Wealth Manager in Florida, to Join Focus as a New Partner Firm

NEW YORK, NY / ACCESSWIRE / October 4, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Trident Financial Planning Limited ("Trident") has been acquired by Connectus Wealth Advisers ("Connectus"). Trident is a boutique chartered financial planning and wealth management firm headquartered in Berkshire, England with a satellite office in East Lothian, Scotland.

Trident Financial Planning Joins Connectus, Further Expanding Connectus' Footprint in the United Kingdom

NEW YORK, NY / ACCESSWIRE / October 1, 2021 / 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 New England Investment & Retirement Group, Inc. ("NEIRG"), a registered investment adviser headquartered in North Andover, MA, will join Connectus Wealth Advisers ("Connectus"). The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

New England Investment & Retirement Group to Join Focus Partner Firm Connectus Wealth Advisers, Continuing Connectus' Strong Momentum in the United States

NEW YORK, NY / ACCESSWIRE / September 30, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which MISSO Wealth Management ("MISSO"), a boutique wealth management firm headquartered in Brisbane, Queensland, will join Connectus Wealth Advisers ("Connectus"). This transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

MISSO Wealth Management To Join Focus Partner Firm Connectus Wealth Advisers, Continuing Connectus' Momentum and the Expansion of its Ultra-High Net Worth Footprint in Australia

Tom Myers at Focus Partner Firm Bordeaux Wealth Advisors Named to Barron's 2021 List of America's Best Independent Advisors NEW YORK, NY / ACCESSWIRE / September 22, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that that nine of its partner firms were named to the Barron's list of the Top 100 RIA Firms for 2021. This list is based on a 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: Badgley Phelps Wealth Managers Bartlett Wealth Management Buckingham Strategic Wealth The Colony Group Crestwood Advisors Douglas C.

10 Focus Partner Firms Named to Barron's 2021 List of America's Best RIA Firms

NEW YORK, NY / ACCESSWIRE / September 21, 2021 / 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 The Planned Approach, Inc. ("TPA"), a registered investment adviser located in Kansas City, Missouri, 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 2021, subject to customary closing conditions.

The Planned Approach Will Join Focus Partner Firm Buckingham Strategic Wealth, Expanding Buckingham's Presence in Missouri

NEW YORK, NY / ACCESSWIRE / September 16, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Cardinal Point Capital Management Inc. and Cardinal Point Wealth Management, LLC (together, "Cardinal Point") have entered into a definitive agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2021, subject to the receipt of regulatory approval and other customary closing conditions.

Cardinal Point to Join Focus as a New Partner Firm, Bringing Cross-Border Tax and Wealth Management Expertise to the Focus Partnership

NEW YORK, NY / ACCESSWIRE / September 14, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Connectus Wealth Advisers ("Connectus") has entered into a definitive agreement under which NorthCoast Asset Management LLC ("NorthCoast"), a registered investment adviser located in Greenwich, CT, will join Connectus. This transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

NorthCoast Asset Management to Join Focus Partner Firm Connectus Wealth Advisers, Further Expanding Connectus' U.S. Footprint

NEW YORK, NY / ACCESSWIRE / September 1, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Ancora Holdings Inc. (together with its subsidiaries, "Ancora"), a premier wealth and investment management firm based in Cleveland, OH, has entered into a definitive agreement to join the Focus partnership. The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.

Ancora Holdings to Join Focus as a New Partner Firm, a Premier Wealth Advisory and Investment Management Firm With a Substantial and Growing Presence in the Midwest

NEW YORK, NY / ACCESSWIRE / August 23, 2021 / 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 Management, LLC, d/b/a Siena Investments ("Siena"), a registered investment adviser with offices in Grand Ledge and Williamston, Michigan, 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 2021, subject to customary closing conditions.

Siena Investments Will Join Focus Partner Firm Buckingham Strategic Wealth, Establishing Buckingham's Presence in Michigan

NEW YORK, NY / ACCESSWIRE / August 9, 2021 / 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 Legacy Wealth Partners ("Legacy Wealth" or "Legacy"), a registered investment adviser based in Calabasas, CA, will join Focus partner firm The Colony Group, LLC ("Colony"). The transaction is expected to close later this year, subject to customary closing conditions.

Legacy Wealth Partners to Join Focus Partner Firm The Colony Group, Further Enhancing Colony's West Coast Presence

Focus Financial Partners Inc. (FOCS) CEO Rudy Adolf on Q2 2021 Results - Earnings Call Transcript

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