StrategicPoint sues Focus Financial for information
RIA claims its holding company is acting too much like National Financial Partners for comfort
Rudy Adolph has a very complex management problem. He has 18 unique advisory services firms each doing business differently with a different market segment focus, different needs and different demands on Rudy’s time. This is further complicated by needs of his venture partners. There is simply but so much of Rudy to go around. All these growing pains will be resolved over time. Though there is extraordinary management laditude within each advisory practice, the time demands of building the business conflict with the time demands of managing the business. There is not enough time to hold the hand of every practice, no one can serve 25 masters. This points the out the wisdom of rollups perhaps having a narrower but unifying market focus creating a user group like structure managed by advisors resulting in scale to the benefit of all, to include those like Mr. Adolph who must manage the enterprise.
Rudy Adolf has a complex managaement problem, he is incomeptent.
He tried to purchase RIA firms without doing the proper due diligence. He quickly clamps down on dissent and tried to bully those who question his methods. I am sure when all isa said and done, Brochu will expose whether Adolf was issuing himself additional Focus shares while diluting the shares of the people he bought the businesses from.
With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO
CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals
August 13, 2022 at 12:39 AM
Focus Financial makes 'abrupt' CEO call, lets Rudy Adolf go into 'retirement,' with 'no solution in place;' the eighth RIA chief executive unseated since June as VCs move in -- where is the EBITDA?
Clayton, Dubilier & Rice closed on its $7-billion purchase of the roll-up on Aug. 31 -- with no hint that its parting of the ways with legendary 60-year-old founder was in the offing.
October 24, 2023 at 1:19 AM
Looking past Covid-19 pandemic, Louisiana RIA buys $1-million building after hitting $1 billion in AUM and hiring the town's mayor
Summit Financial Wealth Advisors was sold to Focus Financial in 2014, growing its assets by $400 million since then but keeping staffing about the same
December 17, 2020 at 3:02 AM
Focus Financial Partners, LLC
Top Executive: Rudy Adolf