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Focus Financial Partners

#3099

Rank

$3.46B

Marketcap

US United States

Country

Focus Financial Partners
Leadership team

Mr. Ruediger Adolf (Founder, CEO & Chairman)

Mr. Leonard R. Chang (Co-Founder, Sr. MD and Head of M&A)

Ms. Rajini Sundar Kodialam (Co-Founder, COO & Director)

Products/ Services
Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
2006
Company Registration
SEC CIK number: 0001651052
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FOCS
Social Media
Overview
Location
Summary
Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services; recommends financial products through commissions and distribution fees; and sells investment or insurance products. Focus Financial Partners Inc. was founded in 2006 and is headquartered in New York, New York.
History

Adolf said of the company's founding that "We saw tens of thousands of independent firms out there, without good succession planning and handicapped by their small size. They were doing well, but could do better if they had some of the benefits of a big organization behind them without compromising their entrepreneurial independence and spirit."By October 2007, the company had expanded to a total of 14 partner firms. Focus began expanding internationally in 2008 with the addition of England's Greystone Financial Services Ltd., and later that year introduced its Focus Independence program to "help elite advisors fully realize their entrepreneurial potential".

In 2009, Polaris Venture Partners and Summit Partners provided Focus with $50 million of new capital. Continuing to grow, Focus closed a $220 million credit facility in January 2012, making its access to credit "unique in the RIA industry."In 2013, the company received an additional $216 million strategic equity investment from Centerbridge and in 2014 expanded to a $550 million credit facility. In 2015, Focus expanded into Canada through Dorchester Wealth Management and announced a $1 billion credit facility.In 2017, the firm expanded internationally once more with an equity investment in Financial Professionals in Australia, and the total number of Focus partner firms passed 40.In April 2017, Focus announced that an investor group, led by Stone Point Capital and KKR & Co. L.P. would acquire a majority stake in the company, valuing Focus at approximately $2 billion.In May 2017, Focus announced that SCS Financial and its subsidiary, SCS Capital Management, an independent registered investment advisory firm based in Boston, Massachusetts and New York, New York, entered into a definitive agreement to join the Focus partnership, the largest deal in Focus' history.In July 2018, the company offered over 16 million shares of the firm's Class A common stock. The IPO gathered a total of $615.4 million in gross proceeds. The stock jumped 14% on its first day of trading on the NASDAQ Stock Market.In December 2020, RIA Intel reported that Focus planned to create its own RIA firm called Connectus Wealth Advisers.

Mission
To help individuals and their families maximize their financial independence and security by providing the highest level of independent, trusted, and reliable advice.
Vision
To be the premier global partnership of trusted financial advisors and wealth management firms.
Key Team

Mr. James Shanahan CPA (Chief Financial Officer)

Mr. Richard P. Gill (Managing Director and Head of Focus Connections)

Mr. John Russell McGranahan (Gen. Counsel & Corp. Sec.)

Mr. Christopher Trevor Dupuy (Pres of the Focus Independence Team)

Mr. Eric Amar (Managing Director)

Ms. Tina Madon (Sr. VP, Head of Investor Relations & Corp. Communications)

Mr. Travis Danysh (Managing Director)

Recognition and Awards
Focus Financial Partners has been recognized with numerous awards, including InvestmentNews' “Fastest-Growing Financial Advisory Firms” and “Best Use of Technology in an Advisory Practice.” It has also been named “Most Innovative RIA” by InvestmentNews and “Best Firm For Independent Advisors” by InvestmentNews. In addition, Focus Financial was ranked #22 on Forbes’ “America’s 25 Fastest Growing Wealth Managers” list.
References

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Focus Financial Partners
Leadership team

Mr. Ruediger Adolf (Founder, CEO & Chairman)

Mr. Leonard R. Chang (Co-Founder, Sr. MD and Head of M&A)

Ms. Rajini Sundar Kodialam (Co-Founder, COO & Director)

Products/ Services
Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
2006
Company Registration
SEC CIK number: 0001651052
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FOCS
Social Media