Focus grows 36 percent over three years; 2011 revenue tops $179.6 million
Focus Financial Partners, LLC ("Focus"), the largest partnership of independent wealth management firms, with over $50 billion in assets, today announced that Crain's New York Business has recognized it as one of the 50 fastest-growing companies in the New York area.
The "Fast 50" winners are privately held companies with at least $20 million in 2011 revenue ranked by revenue growth from 2008 – 2011. Focus achieved 36 percent growth over three years, and 2011 revenue of $179.6 million.
"The recognition of our steady and robust growth reflects the success of our careful stewardship of our partner firms and in turn, their clients' interests. Our partners provide customized independent wealth management services in a growing market that seems keen on a new model rather than that of traditional brokerage wire houses," said Rudy Adolf, founder and CEO of Focus Financial Partners. "The partner firms of Focus Financial should be proud of this award, and I congratulate them for the vital role they play in our shared growth and success."
One of the firm's most notable recent expansion efforts was a $320 million credit facility that it closed on earlier this year. In May, Focus helped to bring an agreement to fruition for its partner firm, The Colony Group ("Colony"), and Mintz Levin Financial Advisors ("MLFA") under which MLFA merged with and into Colony. Combined, the two firms have client assets of approximately $2.5 billion.
With 24 Registered Investment Advisor (RIA) partner and affiliate firms, Focus is the leading partnership of elite, independent RIAs that serve wealthy individuals, families, employer retirement programs and institutions.
For more information about the Crain's New York Business "Fast 50" list, visit www.crainsnewyork.com.
About Focus Financial Partners
Founded in 2006, Focus Financial Partners, LLC, is the leading international partnership of independent, fiduciary wealth management firms. With over $50 billion in assets and 750 employees, including 100 partners, Focus provides wealth management, benefit and investment consulting services to individuals, families, employers and institutions. Clients benefit from Focus's independence, unrivaled access and continuity. Focus principals maintain their entrepreneurial independence, benefit from the synergies, scale, economics and best practices of the market leader and achieve an eventual, smooth ownership transition. For more information, please visit www.focusfinancialpartners.com.
Contacts:
FTI Consulting
Kim O'Halloran, 312.553.6733
kim.ohalloran@fticonsulting.com
