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Focus Financial pivots to breakaway strategy with Fidelity recruit

Mark Dupont will put a new spin on the big aggregator but entrepreneurial bent remains

Monday, May 9, 2011 – 2:40 PM by Lisa Shidler
Admin:
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Rudy Adolf: “This is an area we wanted to invest in and we wanted to add additional resources. The thing we’ve figured out better than anyone else is how to invest in entrepreneurs.”

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See more related moves

Mentioned in this article:

Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf




Dan Jenkins

Dan Jenkins

May 12, 2011 — 2:40 PM

Makes sense that Focus Financial would devote more resources to investing in breakaways. It’s far cheaper and since they apparently didn’t do any due diligence when they bought Geller Group in 2006, has less liability (plus less leikley to blow up).

That Geller Group purchase was a debacle. $30 million (I heard) for a producing TPA that had to merge with another Focus compnay because their founders are under DOL criminal investigation for fake audits and hidden fees.

Hopefully, Rudy learned his lesson.

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