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Focus Financial IPO marks an RIA milestone one year on, but year two hinges on how Rudy Adolf handles the millstone around his neck--mounting debt

The rollup CEO needs to do deals to grow and debt to do deals; he also needs a window to de-leverage, but it's nowhere in sight

Author Matt Crow, Guest Columnist August 2, 2019 at 7:50 PM
Admin:
no description available
Matt Crow: RIAs cannot sustain those valuations, so either the pricing is overstated, the pro forma adjustments are substantial, the expected growth is steep, or these really are the end times.

Jeff Spears

Jeff Spears

August 2, 2019 — 10:59 PM
From my armchair the lack of organic continues to concern me more than it does Rudy.

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Mentioned in this article:

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



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