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Content tagged "Rudy Adolf"


Focus Financial Partners, LLC

Filed under: Consolidator/Roll-up Firm
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Dan Sontag: I met with Rudy Adolf several times ... and I was suitably impressed.

Dan Sontag surfaces as new cog in Focus Financial machine for taking down wirehouse advisors
After laying low for five years, the passed-over Merrill heir apparent will help advise Chis Dupuy in budding 'Connections' program

Thursday 7.31.14
Rich Gill is bringing his analytical and personal skills to AMG's effort to replicate its asset mangement success on the RIA side.

Why AMG's poach of Rich Gill could be the missing ingredient for its V-8 roll-up engine
Loaded with cash, experience and $11.5 billion of market cap, the North Shore asset manager just downloaded the RIA roll-up app in hiring the Focus Financial veteran

Tuesday 7.22.14
What looks disorderly at TD has the dead reckoning of dollars following ROI opportunity.

An advertiser's-eye view of TD Ameritrade's national conference
Firms that rarely advertise had booths, including mega-RIAs, competing custodians and Marty Bicknell

Monday 2.3.14
Rudy Adolf: There is no other business in the RIA space that has even close to this level of capital.

What bet Rudy Adolf is making on RIAs by pre-borrowing $550 million from Bank of America and a wider syndicate
The Focus Financial CEO sees lending rate at rock bottom and ROI on RIA investing with room to rock

Wednesday 1.8.14
Adam Birenbaum: Someone will emerge from the RIA space to be the size and scale to compete with the largest wirehouses -- so why not us?

How a $20-billion RIA is buying its 'Microsoft' marketing agency as the engine for propulsion to $100-billion
Adam Birenbaum is betting on David Levin to be his J. Pierrepont Finch but to succeed by really trying

Thursday 10.10.13
Rudy Adolf: The partners and management gave up their majority ownership. It is not an issue whatsoever.

Partners at Focus Financial check their egos at the door to secure $216 million of hard cash
Polaris, Summit and CEO Rudy Adolf sell a portion of their stake in the big aggregator to Centerbridge Capital Partners -- and it puts them in a minority position for the first time

Tuesday 7.16.13
Richard Yoken:  I’ve always decided to fly under the radar and now we don’t mind being picked up over the radar.

A $1 billion RIA in the NY burbs got there without marketing now Focus Financial is assigned the makeover
Portfolio Strategy Group sells to the New York-based RIA umbrella and a website is the first order of business

Friday 2.1.13
Haley Rockwell: It didn't make sense to structure it as an acquisition, because I want to grow with the business.

How three small firms backed with big-time M&A muscle brought in $450 million with strategic buys
There are vivid back stories behind each Focus-owned firm's deal; taken together they could show the way forward for the aggregator model

Thursday 1.24.13
Colleen Lindstrom: I typically gather and review a significant amount of data and input before making a decision.

Why it took Rudy Adolf seven years to win an elusive $1.5-billion RIA to cap a $14-billion-asset year
The $60-billion-AUA firm has its mojo back as it brings on a woman-run firm with a 49-state presence

Thursday 1.10.13
Adam Birenbaum: What better place for them than with their current partner?

Buckingham Asset Management creates a structure with Focus Financial that enables it to roll-up the 120 RIAs that entrust it with $13 billion of DFA TAMP assets
With this co-creation of a de facto ISO-9000 for succession plans, smaller RIAs may have more options and metrics on the back end

Tuesday 11.13.12
Rudy Adolf: This is going to be a platform for smaller RIAs to join and also for brokers in the Chicago market.

Focus Financial gets its first beachhead in HighTower's backyard -- buying an exhibit-A organic-growth RIA with a hankering to go inorganic
Vestor Capital was born in the 1980s as an accounting firm with a dream, and now Brian Baker wants more

Friday 10.12.12
Shirl Penney (l.) and Elliot Weissbluth (middle) take their turns listening as Rudy Adolf (r.) explains his firm's impressive M&A feats.

What exactly the CEOs of HighTower, Focus Financial and Dynasty Financial revealed when they shared a stage in Las Vegas
Aggregator honchos appeared together under the unloved roll-up tag to highlight differing and evolving facets of their firms

Tuesday 9.25.12
Knut Rostad demanded to know what Elliot Weissbluth meant by 'zero conflicts of interest.'

The two dramatic moments everyone was buzzing about at the MarketCounsel conference
Elliot Weissbluth, Knut Rostad, Charles Goldman and Joe Duran helped show us why thought leadership begins when sparks fly

Tuesday 9.18.12
Joe Goldberg: [A Facebook employee] told me, 'I've met with Goldman, Merrill and Morgan and no one has given me a reason to pay them a dime.'

Why sudden wealth at Facebook is gushing into a $17-billion RIA and triggered a merger of two DFA giants
Buckingham Asset Management won a single Facebook employee and now it's all hands on deck as eight teams see prospects -- often til 2 a.m.

Tuesday 9.11.12
Lori Van Dusen: You can't say that the client is first and then look for ways to double-dip.

Focus Financial firms play a lively game of ping-pong with the Broker Protocol
Focus and its biggest RIA, Buckingham, exited the Protocol this summer while Lori Van Dusen signed on, but there's no change in its strategy to go after breakaway brokers, co-founder says

Monday 9.10.12
The M Resort is a sufficient RIA magnet -- though it shares characteristics with a suburban metroplex

'Ocean's Eleven'-grade RIA sharpies set to play Vegas at MarketCounsel's 2012 Summit
A remarkably varied lineup of industry A-listers are odds-on to spark lively conversation at the compliance confab

Friday 8.31.12
Rudy Adolf has made Focus Financial a giant among buyers, but now it may be looking for its own buyer.

Summit Partners is reportedly shopping around its stake in Focus Financial
Focus has wheeled and dealed this year with acquisitions and big lines of credit -- now this

Thursday 5.24.12
John Beirne: It was really traumatic to go to my manager's office and resign.

A $2 billion, 69-year-old Merrill Lynch advisor passes up the gold watch in favor of breaking away
Fearing the loss of massive public accounts, John Beirne swallowed the idea of independence with help from Focus Financial

Thursday 2.16.12
Rudy Adolf: We have more capital than anyone else in the (advisory-buying) industry.

Focus Financial gains access to 'huge money' -- $320 million in credit
The capital hoard positions the big aggregator to double its advised assets, one observer says

Wednesday 2.1.12
Garry Taylor says he likes the Focus model better because advisory firms get to keep their identity.

Second ex-Fidelity exec in a year nabbed by Focus Financial
Garry Taylor's hire comes as Focus shifts it emphasis from acquiring existing RIAs to luring breakaway brokers

Friday 1.20.12
Peter Hess drove the Advent-Black Diamond merger and may have created an RIA-friendly monster.

The 10 most influential figures in the RIA business going into 2012, Part 2
These advisors and executives made dramatic moves that advanced the business of registered investment advisors

Wednesday 1.4.12
Lori Van Dusen has been thinking about starting an RIA for 20 years but the 'pieces' couldn't be assembled to her liking, until now.

Dynasty Financial wins the account of Lori Van Dusen's new RIA through Focus Financial
The arrangement holds the possibility of a symbiotic advisor-vendor relationship between the wealth management platform and the big aggregator

Tuesday 10.18.11
Michael Nathanson: If there is no IPO, we'd still be comfortable holding shares.

A look inside Focus Financial's big deal with The Colony Group
The Boston RIA put the big New York aggregator under a microscope and used high-end lawyers and investment bankers for added vetting

Friday 9.23.11
Rudy Adolf: “This is an area we wanted to invest in and we wanted to add additional resources. The thing we’ve figured out better than anyone else is how to invest in entrepreneurs.”

Focus Financial pivots to breakaway strategy with Fidelity recruit
Mark Dupont will put a new spin on the big aggregator but entrepreneurial bent remains

Monday 5.9.11
Brian Hamburger: The SEC is lining up the facts so that later the conclusion becomes obvious (it can’t regulate advisors with current resources). ... It’s genius, what they’re looking to do, but it’s incredibly transparent.

The RIABiz list of winners and losers in the wake of the SEC's fiduciary study
The race is on as laggards adapt to new vision of the future

Friday 1.28.11
Rudy Adolf: We have plenty of capital and a $40 billion business has a very good cash flow.

After one-year hiatus, Focus Financial buys a large RIA and hits a milestone
The deal brings it to $40 billion as the company makes a big Midwest push

Wednesday 1.12.11
Alan Pfeffer: Not only have there been no findings; there have been no allegations.

As DOL investigation continues, Geller Group says it is executing the final stage of a four-year succession plan
Sheldon Geller and Manny Ehrlich have been grooming Alan Pfeffer to take over the 401(k) company since selling a big stake to Focus Financial in 2006, according to the firm's new leader.

Thursday 7.8.10
Marc Channick: Any of the three of us could have turned the other two in and tripled their book of business

A Harvard lawyer, a Columbia MBA and an engineer break away from AllianceBernstein private client unit to form an RIA
The San Diego-based advisors may be among the first to leave the company to turn independent

Wednesday 6.16.10
David Brochu: The statement that Focus obtained a restraining order against me is a gross mischaracterization of the circumstances.

[Updated] Focus Financial amended statement today to say it obtained restraining orders against David Brochu of StrategicPoint
Brochu says he is restraining himself without being ordered to do so by a judge

Thursday 5.13.10
David Brochu: I am paying the price for asking questions.

[Updated] David Brochu finds his lawsuit against Focus Financial is a rough experience
The Rhode Island RIA keeps up the legal battle to clarify the size of his firm's equity stake

Tuesday 3.30.10
Frank Shull: Our pipeline is very full.

Focus Financial looks more like a consolidator-of-consolidators as its partner firms go on buying sprees
Lara, Shull pulls off five deals to nearly double its assets in a year

Tuesday 2.9.10
Bridgewater Wealth has long experience reining in athletes and their money

[UPDATED] Focus Financial breaks into the American sports world with its latest RIA deal
Bridgewater purchase gives New York roll-up specialized knowledge of managing sudden fortunes accumulated in sporting world

Wednesday 1.20.10
Malcolm Gladwell's insights on entrepreneurs in last week's New Yorker pertain to RIAs

What RIAs can learn from Malcolm Gladwell’s writings on entrepreneurs as risk averse
RIAs' success as entrepreneurs is in keeping with studies covered in a New Yorker article

Wednesday 1.20.10
David Brochu's company's lawsuit alleges that Focus Financial is buying transaction-based practices in the NFP mold

StrategicPoint sues Focus Financial for information
RIA claims its holding company is acting too much like National Financial Partners for comfort

Thursday 12.3.09
Rudy Adolf: Some people just want to make a lot of noise

What's really going on with Focus Financial?
Somebody is going to be unhappy in a large organization, Adolf says

Monday 11.30.09
Like Tom Turkey, many RIAs were thankful to survive 2009

Taking A Break From the Turkey?
RIABiz's top 10 stories from the past month offer a window into what RIAs care about

Thursday 11.26.09
Ed Friedman: “We ask them, do you really need somebody just to get lunch and coffee?”

The seven things I learned from roll-up executives in Princeton, including not to call them that
Four CEOs of aggregators choose four different paths to growth

Tuesday 10.27.09

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