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Focus Financial buys $17 billion DFA TAMP for $235 million through its $3.6 billion DFA TAMP

The RIA roll-up adds Loring Ward to BAM with 50% cash down and the rest with Focus common shares

Author Brooke Southall September 28, 2018 at 2:44 AM
3 Comments
no description available
Adam Birenbaum: It would be impossible to imagine us making this happen were it not for our colleagues at Focus Financial Partners.

Rudy Adolf

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Loring Ward

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Adam Birenbaum


Jeff Spears

Jeff Spears

September 28, 2018 — 12:51 PM
TAMP + DFA = winner. Are TAMPs conflicted? That is an important question for fiduciaries
Joe

Joe

September 28, 2018 — 3:19 PM
Wow this is BIG! Would love to see some in depth follow-up coverage and analysis on this. For all the critics of Focus and the notion that the story there is entirely financial engineering, this deal would seem to have meaningful synergies and represents a substantial strategic shift to the TAMP / RIA outsourcing landscape.
Robert L

Robert L

September 28, 2018 — 4:41 PM
Focus has really pulled out in front among consolidators with recent momentum perhaps indicative of the valuation the market has given since IPO

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May 7, 2024 at 5:04 AM

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

The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say

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June 7, 2024 at 11:17 PM

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

See more related moves

Mentioned in this article:

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

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts



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