Focus Financial pivots to breakaway strategy with Fidelity recruit
Mark Dupont will put a new spin on the big aggregator but entrepreneurial bent remains
Dan Jenkins
Makes sense that Focus Financial would devote more resources to investing in breakaways. It’s far cheaper and since they apparently didn’t do any due diligence when they bought Geller Group in 2006, has less liability (plus less leikley to blow up).
That Geller Group purchase was a debacle. $30 million (I heard) for a producing TPA that had to merge with another Focus compnay because their founders are under DOL criminal investigation for fake audits and hidden fees.
Hopefully, Rudy learned his lesson.
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Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf
