Focus Financial Partners Stock Price, News & Analysis

Focus Financial Partners Inc. (NASDAQ: FOCS) will host its second Investor Day via video live stream on December 9, 2021, starting at 8:00 a.m. ET. The management team will present updates on the Company’s business, financial performance, and 2025 growth strategy, alongside panel discussions with partner firms. Interested parties can register via the Company’s website and view a replay of the event afterward. Focus offers independent wealth management firms access to resources and best practices while maintaining their operational independence.

Focus Financial Partners (NASDAQ:FOCS) announced the upcoming partnership with Alley Company, LLC, a registered investment adviser from Lake Forest, Illinois. The transaction is anticipated to finalize in Q4 2021, pending customary conditions. Alley Company, established in 1998, specializes in customized investment management for high-net-worth clients. The collaboration aims to enhance Alley Company's growth and client service capabilities while expanding Focus's presence in the Chicago wealth management market, leveraging their resources and operational independence.

Focus Financial Partners Inc. (NASDAQ:FOCS) has announced a definitive agreement for Derby and Company, Inc. to join its partner firm The Colony Group, LLC. The transaction, expected to close later this year, will enhance Colony's presence in New England by adding Derby's experienced team, which specializes in investment management and financial planning for high-net-worth individuals. This marks Focus' 23rd merger in 2021, strengthening Colony's market position and client offerings.

Focus Financial Partners Inc. (NASDAQ: FOCS) has announced its partnership with Mosaic Family Wealth, a registered investment adviser from St. Louis, Missouri. This agreement, expected to close in Q4 2021, highlights Focus's commitment to enhancing its presence in the Midwest. Mosaic Family Wealth, founded in 2015, is recognized for its values-based wealth management services. The partnership aims to leverage Focus's resources to improve client service delivery and foster growth, benefiting both firms significantly.

Focus Financial Partners reported strong Q3 2021 results, with total revenues of $454.5 million, a 37.1% increase year-over-year. Organic revenue growth was 28.8%, exceeding expectations. However, GAAP net income fell to $1.8 million, from $3.9 million in Q3 2020. The company closed 2 partner acquisitions and 7 mergers, totaling 16 transactions YTD. As of September 30, 2021, cash and cash equivalents stood at $642.2 million with a net leverage ratio of 3.54x. Focus remains committed to its growth strategy, fueled by ongoing M&A activity.

Focus Financial Partners (NASDAQ:FOCS) announced a definitive agreement for industry veteran Rebecca Deaton to join Relative Value Partners Group as a Partner. Deaton, a Certified Financial Planner™ with over 25 years of experience, aims to enhance RVP's wealth management capabilities in Chicago. The transaction, expected to close by December 31, 2021, will also see Deaton's six-person team joining her, thereby expanding RVP's client services and investment solutions.

Focus Financial Partners Inc. (NASDAQ:FOCS) announced a definitive agreement for Capital Advisors, LLC to join its partner firm The Colony Group, LLC. This integration aims to enhance Colony's presence in New England and improve service offerings for Capital Advisors' clients. The deal, expected to close later this year, will see Capital Advisors' founder Gus Gerulskis join Colony as a Senior Wealth Advisor. This move aligns with Focus's strategy to accelerate growth through mergers, leveraging regional scale in the Massachusetts wealth management market.

Focus Financial Partners Inc. (NASDAQ:FOCS) will present at the Bank of America 2021 Banking and Financials Conference on November 9, 2021, at approximately 8:50 a.m. ET. CEO Rudy Adolf and CFO Jim Shanahan will discuss the company's business strategy, financial performance, and outlook. A live webcast can be accessed via the Investor Relations section of their website, with a replay available afterward.

Focus Financial Partners Inc. (NASDAQ:FOCS) plans to release its third-quarter results for the period ending September 30, 2021, on November 4, 2021. A slide presentation will accompany this announcement, available in the Investor Relations section of its website. CEO Rudy Adolf and CFO Jim Shanahan will discuss the results and business outlook during a conference call at 8:30 a.m. ET on the same day. Interested parties can access the call via telephone or through a live audio webcast on the company's website.