News, Vision & Voice for the Advisory Community


What bet Rudy Adolf is making on RIAs by pre-borrowing $550 million from Bank of America and a wider syndicate

The Focus Financial CEO sees lending rate at rock bottom and ROI on RIA investing with room to rock

Author Brooke Southall January 8, 2014 at 9:41 PM
no description available
Rudy Adolf: There is no other business in the RIA space that has even close to this level of capital.


Grant Barger

Grant Barger

January 8, 2014 — 11:49 PM

Interesting timing… it seems as though the bet is on the margins… can they recruit with reduced forgivable payouts? Can they create a culture that advisors will flock to? Can they get the wirehouse advisor to shun the ninety day sales cycle to jump to the culture that has a five year plan? Can they increase the margins with sticky client AUM? There are so many variables to take into account that can make this bet either work or flop…One thing is for sure, organic growth is the lifeblood that supports M&A… without organic growth, the arbitrage is much more of a gamble… The culture of the Roll-up RIA must be one that is conducive to the organic growth of the independent advisor for ultimate success of all parties… which includes the clients.

Brooke Southall

Brooke Southall

January 9, 2014 — 5:56 AM

Good questions, Grant. I am glad that Focus keeps barreling ahead with some on-the-job clinical trials. Somebody has to be shaking things up with de minimus analysis paralysis and this fits.




June 26, 2014 — 5:32 AM

Our hunch would be the 32GB iPad at $599 are going to be quite possibly the most well-known product but who’s going to desire to expend the extra funds for 3G specially when you have already got it together with your cell mobile phone? Now, we don count on youl have the ability to tether your iphone to your iPad making sure that leaves WiFi or far better nevertheless WiMax. Right this moment the Droid can use no cost apps that turn it right into a WiFi hotspot for no additional value. Contact Pro two, Imagio, and Omnia II users may also convert their phones into WiFi hotspots. For $40 a month you’ll be able to make use of a Palm Pre or you could go along with one thing like Verizon MiFi and even Sprint’s WiMax dongle in addition to a CradlePoint moveable router.



June 26, 2014 — 7:00 AM

Amazonite beads are made when making use of eco-friendly quantity of microline feldspar. The amazonite that comprises amazonite beads is really a mineral that doesn’t occur incredibly often. It’s been stated the amazonite that comprises amazonite beads took its title inside the mighty Amazon . com River. The eco-friendly gemstones the amazonite beads had been constructed from had been based inside the Amazon . com River.

Related Moves

August 13, 2022 at 12:39 AM

Adam Birenbaum's calls 'Colony' deal -- to create $100-billion super-RIA -- a 'mandate,' but it's also likely a 'prelude' to larger strategic objective, M&A expert says

The 46-year-old CEO of Buckingham Wealth's 'long game' approach keeps paying dividends; it comes down to his approach to relationships

May 7, 2024 at 5:04 AM

Michael Nathanson's new post as Focus CEO could create an 'apparent conflict' with his duties at Colony Group, which is snapping up billions in Focus RIA assets -- but 'partners' now have one of theirs in the power seat

The CEO of Colony, the $22-billion Boston RIA, is buying $10.4-billion GW & Wade from Focus, making him buyer and seller, as he takes the reins as first permanent Focus CEO since Rudy Adolf.

May 1, 2024 at 3:02 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

See more related moves

Mentioned in this article:

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

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

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.