News, Vision & Voice for the Advisory Community


Rudy Adolf's Buckingham meal ticket looks golden after the $35-billion RIA/TAMP absorbs Dan Goldie's $1 billion Loring Ward book and margins leap from 25 basis points to more like 70

The New York-based roll-up's gain is offshoot of Loring Ward deal where Goldie is the biggest client but was too big to buy until Focus capital could be tapped

Author Brooke Southall March 9, 2019 at 3:28 AM
no description available
Adam Birenbaum (left) is already rolling up Alex Pott's longtime TAMP clientele in the months following their merger.

Matt icks

Matt icks

March 10, 2019 — 8:56 PM
Focus and rudy continue to impress and continue to deliver even if it is inorganic
Peter Mallouk

Peter Mallouk

March 11, 2019 — 5:37 PM
What Rudy has accomplished in such a short time is unprecedented and very impressive.
Jackie Michel

Jackie Michel

March 11, 2019 — 6:01 PM
RIA Biz thank you for your detailed coverage and reporting, this publication continues to distinguish with its persistency to go the extra mile and under the surface (Even when the firms and people may not make themselves fully cooperative, available, and transparent) so much more thought-provoking versus many of the other industry news outlets that have become full time event planners and agents of PR veneer.
Brooke Southall

Brooke Southall

March 11, 2019 — 7:50 PM
Thank you, Jackie. We do try to cover the more interesting stories regardless of the level of cooperation, availability and transparency we get from protagonists. It's more than appreciated by our whole group here when it gets noticed by people like you. And, yes, we are mostly allergic to PR veneer and events, which are often a distracting, consuming version of marketing and PR.

Related Moves

DFA undergoes a sea change -- literally -- with a fancy yacht soirée, cigars and champagne as it attempts to sail away from its mutual fund image into the world of ETFs

Having just about staunched net outflows with its embrace of ETFs, DFA is embarking on a cultural shift as it tries to figure out how to sell more, even though it's less unique than it used to be.

March 13, 2024 at 1:46 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

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

March 12, 2020 at 1:45 PM

Mentioned in this article:

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

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo