Focus Financial Partners, LLC
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Focus Financial Partners, LLC - overview
Established
2004
Location
New York, NY, US
Primary Industry
Financial Services
About
Founded in 2004 and based in New York, US, Focus Financial Partners Inc. , is a partnership of independent, fiduciary wealth management firms. The company was co-founded by Ruediger Adolf (CEO), Rajini Kodialam (COO), and Lenny R. Chang.
The founder, Ruediger (Rudy) Adolf served as Senior Vice President and General Manager of the American Express Global Brokerage and Banking division. Focus Financial Partners also established branch offices in San Francisco, West Palm Beach, Austi and Los Angeles. The company went public on the Nasdaq Global Select Market under the ticker symbol FOCS in July 2018, raising USD 535 million at USD 33 per share. The transaction valued the company at USD 2 billion.
In July 2021, Focus Financial Partners Inc. agreed to acquire GAVIN Private Counsel Inc. As of February 2023, Focus employs 100 people and has more than 85 partner firms in over 38 states, as well as Australia, Canada, Switzerland, and the UK. The company primarily invests in independent, fiduciary wealth management firms.
The firm offers solutions including Focus treasury and credit solutions, Focus treasury and credit solutions, Focus fiduciary solutions, and Focus business owner and valuation solutions. The company supports investment management teams in developing their own independent businesses while maintaining their entrepreneurial independence through a partnership with Focus Financial Partners Inc. , and the Focus independence program. Focus Financial Partners also offers Focus client solutions to its partner firms, which is a platform that provides access to cash management and lending programs to its clients.
In 2021, Focus Financial Partners Inc. , generated USD 1. 8 billion in revenue. It primarily earns revenue through wealth management fees, which are comprised of fees earned for advising on the assets of clients, financial and tax planning fees, consulting fees, tax return preparation fees, fees for family office services, and fees for wealth management and operational support services provided to third-party wealth management firms.
Current Investors
Clayton Dubilier & Rice, Stone Point Capital
Primary Industry
Financial Services
Sub Industries
Investment Banking, Mortgage Banking, Private Equity
Website
www.focusfinancialpartners.com
Verticals
FinTech, FinTech, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Focus Financial Partners, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | David Wealth Management, LLC | - | ||||||||
| Add-on | Announced | Churchill Management Group | - | ||||||||
| Trade Sale | Completed | The Colony Group, LLC | - | ||||||||
| Add-on | Completed | Strategic Wealth Partners Group, LLC | - | ||||||||
| Public to Private | Completed | Focus Financial Partners, LLC | - |
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