Articles tagged "Focus Finacial"
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Clayton, Dubilier & Rice 'likely bumped up multiple by a few turns' on Focus Financial valuation with self-merging binge that's gathering steam with $6.6B AUM GYL deal
The esteemed New York City PE firm gave Michael Nathanson and Adam Birenbaum great powers to buy, and they are encountering little resistance -- and much unlocked value -- to wholesale restructuring
November 7, 2024 at 2:55 AM
Briefs: Focus Financial misses on earnings and debt ratio, but white knight makes stumble moot; Bill Winterberg is out at AdvicePay; Ric Edelman promotes RIA self-custody -- of crypto; Redtail employs GPTChat -with a kill button for people it annoys
The New York rollup's market cap is pegged at $4 billion, hence a free pass on bad news; Alan Moore updates hiring; Brian McLaughlin make rote texting more optional; Blockchain might rewrite custody?
May 11, 2023 at 1:22 AM
CI Financial buys Budros to cinch $74 billion in U.S. assets--if pending deals close--but rival Focus Financial just surpassed $300 billion globally, its CEO says
The Toronto startup rollup has been dominant for about two years in RIA M&A, but Rudy Adolf says his value proposition is more multi-faceted.
August 11, 2021 at 3:12 AM
Focus Financial struggles to move 'needle' but reframes opportunity from 500 $1-billion RIAs to 1,000 practices
The RIA rollup's decelerating growth rate and limited acquisition capital are among an analyst's concerns
May 7, 2021 at 1:54 AM
New-look Hightower hires Abby Salameh and takes a 'Hurley-style' stake in a $4.8 billion DFA RIA
The Chicago roll-up gets a chief marketing officer who gets RIAs as it becomes part-Dynasty, part- Fiduciary Network in adopting a very 2019 deal structure for LourdMurray
May 3, 2019 at 7:11 PM
Lisa's Bits: Goldman Sachs's $35-billion RIA loses nine more advisors who form Veracity Capital; Mariner makes biggest-ever RIA deal of $2 billion; Focus stock is steady in rocky market and gets 'F' rating from Schwab
In 2018 Goldman Sachs has seen more than a dozen advisors jump ship over to form RIAs; Bicknell rejuvenated RIA shows off spring-loaded M&A; Focus Finacial shares take on water but weather storm
November 19, 2018 at 9:19 PM
Focus Financial files for IPO to raise $100 million, with 'interesting' timing
Private equity bought the New York-based roll-up a year ago and its revenues are growing about 20%
May 24, 2018 at 5:15 PM
Stone Point and KKR buy Focus Financial for $2 billion by employing massive leverage
PE giants with loans of about $1 billion -- psyched that the roll-up's roll flow is snowballing in 2017 -- cash out Centerbridge, Polaris, Summit, several advisors and employees
April 19, 2017 at 4:39 AM
Focus Financial bags $3.1 billion, 50-person RIA and why it 'really is impressive'
Kovitz Investment Group becomes the roll-up's fourth Chicago holding -- and maybe the most ambitious
