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Articles tagged "Focus Financial Partners"


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Rudy Adolf: We certainly avoided so many of the -- I think I called them 'drunken sailor transactions'.

As Focus Financial shares languish, Rudy Adolf plans $200 million buyback and rebuffs questions he's overpaying for RIAs--because he avoids 'drunken sailor transactions'

The New York City rollup buys at private prices then sells at public valuations, but now the CEO's buying at public share prices in some 'privately negotiated transactions' hoping for a bounce

May 13, 2022 at 2:31 AM

Matt Brown: 'This allows us to automate and digitize fund onboarding so it’s not a 'pain in the neck.''

Focus Financial tightens ties with CAIS to boost alts, just don't say the arrangement much resembles CI Financial's deal to buy a stake in GLAS Funds

New York City-based CAIS already administers a $30-billion chunk, it says, of Focus's $350 billion of RIA assets; RIAs get to add third-party funds or go with the CAIS selections

February 16, 2022 at 7:34 PM

Rudy Adolf and fellow execs and directors will not cash out with this offering.

Focus Financial shares drop after hours as secondary offering gets filed that mostly pays off KKR and Stone Point without generating M&A capital

The New York rollup's shares have risen with RIA valuations, giving the pre-IPO investors an exit window

February 25, 2021 at 11:00 PM

Clara Shih: Being a start-up CEO came at a tremendous personal cost.

Oisín's Doubletakes: Clara Shih returns to Salesforce after 11-year hiatus • Focus reloads for M&A with $500 million debt raise, taking its credit north of $1.5 billion • Goldman Sach's 2020 partners list looks less homogenous -- even 'accretive' of women

Former HearSay CEO returns to her mother corporation • Focus Financial Partners debt levels soar 50% on fresh debt issuance • Goldman adds diversity, but snubs Marcus partnerships

February 6, 2021 at 2:39 AM

Rudy Adolf:  We kind of tried to stay away from the institutional business intentionally.

Focus Financial buys B2B outsourcer -- a business model shift that stretches its M&A dollar but also introduces identity issues

The New York rollup bought $9 billion of AUM, but CornerStone Partners is still an OCIO for non-profit institutions with a set of challenges unique to its niche.

November 13, 2020 at 4:29 AM

Jim Shanahan: As we begin to de-lever in 2020, with the goal of operating within a range of 3.5x to 4.5x, we will balance growth with managing our capital resources.

Focus Financial CFO admits firm needs to 'de-lever' and assures analyst $14-million splurge for posh new offices won't soon repeat

Jim Shanahan say his New York-based roll-up will attempt to get to 3.5 debt-to-equity ratio and critics wonder whether that is signal of weak pipeline of deals

November 13, 2019 at 3:30 AM

Rudy Adolf: We don't have current imminent plans to issue equity.

Focus Financial files a shelf registration as debt swells above critical '4X' level then its shares dropped to new low in after-hours

Focus CEO all but ruled out a secondary offering on Aug. 8 in response to a Goldman Sachs analyst who asked about leverage, then asked, again.

September 2, 2019 at 4:46 PM

Bill Jones says the sale to Focus allows it to get better without sacrificing independence.

Focus Financial deal for white-shoe New York City RIA adds $7.7-billion of AUM, but Focus stock remains mired in the doldrums on Wall Street

The New York roll-up makes partner of Williams, Jones & Associates, a firm of 38 employees including 14 advisors

June 4, 2019 at 4:15 AM

[Adam Birenbaum and] (r.) Alex Potts: We're not DFA. We happen to use a lot of their solution.

Unseen factors drove the BAM, Loring Ward $50B merger; 18-month warming, light Focus Financial touch, led to reverse merger in spirit and birth, CEOs reveal in exclusive interviews

Buckingham CEO Adam Birenbaum desperately needed a TAMP CEO; Loring CEO Alex Potts needed a succession system for his TAMP clients

October 12, 2018 at 6:12 PM

Greg Fleming is building out his management team to go after top advisors

Greg Fleming dips into RIA gene pool with expected hire of Chris Dupuy to fish for elite wirehouse advisers in drive to reach $100 billion in UHNW assets

But can the CEO of Rockefeller Capital Management, a brand associated with a 19th century robber baron, convince 21st century tech magnates and next-gen middling millionaires to rub shoulders with Rockefellers... and Derek Jeter?

August 28, 2018 at 1:53 AM

Chris Dupuy: Leaving financial services after 34 years to write about sports

Ex-Merrill exec Chris Dupuy makes exit from Focus Financial barely a month after IPO, leaves financial services after 34-year career; you won't believe what he's doing now

Dupuy was charged with expanding Focus Connections, a program designed to help elite wealth management teams transition from wirehouses to independence

August 25, 2018 at 10:06 PM

Rudy Adolf is now a public company CEO with a much-improved balance sheet and public currency to use for further deals.
July 28, 2018 at 2:51 AM

Matt Crow: At $33, it’s still a strong valuation that they should be proud of, but it’s still easy to get psychologically attached to the high water mark.

'Oversubscribed' Focus Financial lowers asking price as IPO-eve share demand wanes, raising prospect of a $100 million offering haircut

After push for $39 falters, the New York-based roll-up targets a $33 share price, which trims nearly $100 million off the take, but is far from shabby

July 26, 2018 at 2:46 AM

Larry Raffone just got his life back as Financial Engines went private and shucked all those quarterly calisthenics.

Brooke's Bits: Financial Engines begins private life today; Yahoo!'s Wells Fargo take-down may misunderstand branded wealth managers

Three big brands come together under Hellman & Friedman tutelage and Yahoo! trashes model portfolio use at elite Wells unit, but may be unaware of norms

July 20, 2018 at 3:38 AM

Bill Stone: We are investing $150 million cash in R&D every year.

SS&C overlords culturally shock Black Diamond RIAs in Chicago with heaviness and wow them with well-funded competency

'Intense' SS&C CEO Bill Stone let 1,000-strong attendees know they are part of $500-million cash cow not afraid to make strategic purchases

September 15, 2017 at 7:10 PM

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