focus financial partners is a leading partnership of independent, fiduciary wealth management firms. focus provides unrivaled access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. for more information about focus financial partners, please visit www.focusfinancialpartners.com.
Company profile
Ticker
FOCS
Exchange
Website
CEO
Ruediger Adolf
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
ABG Acquisition, LLC • Acorn Insurance Agency, Inc. • Adero Partners, LLC • Alley Investment Management Company, LLC • Alpha Advice Australia Pty Ltd • Alpha Asset Management Pty Ltd • Altman Greenfield & Selvaggi Partners, LLC • Ancora Advisors LLC • Ancora Alternatives LLC • Ancora Family Wealth Advisors, LLC ...
IRS number
474780811
SEC advisor number
801-71117
FINRA CRD number
116140
AUM ?
$4.46 bn
(as of 29 Sep 23)
Accounts
24,479
(as of 29 Sep 23)
Employees
194
(194 investment advisory or research)
Address
Focus Financial Partners
875 THIRD AVENUE
28TH FLOOR
NEW YORK
NY 10022
875 THIRD AVENUE
28TH FLOOR
NEW YORK
NY 10022
Phone
(646)519-2456
FOCS stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Sep 23
POSASR
Automatic shelf registration (post-effective amendment)
31 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
31 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
31 Aug 23
SC 13E3/A
Going private transaction (amended)
31 Aug 23
8-K
Clayton, Dubilier & Rice Completes Acquisition of Focus Financial Partners
31 Aug 23
25-NSE/A
Exchange delisting (amended)
31 Aug 23
8-K
Departure of Directors or Certain Officers
4 Aug 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Focus Financial Partners Reports Second Quarter 2023 Results
3 Aug 23
Transcripts
FOCS
Earnings call transcript
2022 Q4
16 Feb 23
FOCS
Earnings call transcript
2022 Q3
3 Nov 22
FOCS
Earnings call transcript
2022 Q2
6 Aug 22
FOCS
Earnings call transcript
2022 Q1
7 May 22
FOCS
Earnings call transcript
2021 Q4
17 Feb 22
FOCS
Earnings call transcript
2021 Q3
6 Nov 21
FOCS
Earnings call transcript
2021 Q2
8 Aug 21
FOCS
Earnings call transcript
2021 Q1
9 May 21
FOCS
Earnings call transcript
2020 Q4
18 Feb 21
FOCS
Earnings call transcript
2020 Q3
7 Nov 20
Latest ownership filings
SC 13G/A
Capital World Investors
9 Feb 24
4
Ruediger Adolf
1 Sep 23
4
James Shanahan
1 Sep 23
4
Ruediger Adolf
1 Sep 23
4
Greg S. Morganroth
1 Sep 23
4
George LeMieux
1 Sep 23
4
John Russell McGranahan
1 Sep 23
4
Elizabeth R. Neuhoff
1 Sep 23
4
Rajini Sundar Kodialam
1 Sep 23
4
Joseph Feliciani
1 Sep 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 137.04 mm | 137.04 mm | 137.04 mm | 137.04 mm | 137.04 mm | 137.04 mm |
Cash burn (monthly) | (no burn) | 7.00 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 69.13 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 67.91 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 9.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 203 |
Opened positions | 26 |
Closed positions | 47 |
Increased positions | 79 |
Reduced positions | 54 |
13F shares | Current |
---|---|
Total value | 3.56 tn |
Total shares | 78.42 mm |
Total puts | 300.00 |
Total calls | 64.30 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Stone Point Capital | 16.05 mm | $842.73 bn |
Trident FFP | 8.25 mm | $426.95 mm |
Vanguard | 5.38 mm | $282.53 bn |
BLK Blackrock | 3.95 mm | $207.30 bn |
FIL | 2.64 mm | $138.65 bn |
CCP II Cayman GP | 2.36 mm | $94.86 mm |
BCS Barclays | 2.24 mm | $117.67 bn |
GS Goldman Sachs | 2.01 mm | $105.73 bn |
MCQEF Macquarie | 1.85 mm | $97.36 bn |
Magnetar Financial | 1.81 mm | $94.97 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Aug 23 | Carey James D | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 53 | 16,048,975 | 850.60 mm | 0 |
31 Aug 23 | Carey James D | Class A Common Stock | Option exercise | Acquire M | Yes | No | 0 | 8,250,165 | 0.00 | 16,048,975 |
31 Aug 23 | Carey James D | Units of Focus Financial Partners, LLC Class A Common Stock | Option exercise | Dispose M | Yes | No | 0 | 8,250,165 | 0.00 | 0 |
31 Aug 23 | Stone Point Capital | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 53 | 142,016 | 7.53 mm | 0 |
31 Aug 23 | Stone Point Capital | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 53 | 6,701,039 | 355.16 mm | 0 |
31 Aug 23 | Stone Point Capital | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 53 | 955,755 | 50.66 mm | 0 |
31 Aug 23 | Stone Point Capital | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 53 | 8,250,165 | 437.26 mm | 0 |
31 Aug 23 | Stone Point Capital | Class A Common Stock | Option exercise | Acquire M | Yes | No | 0 | 8,250,165 | 0.00 | 8,250,165 |
31 Aug 23 | Stone Point Capital | Units of Focus Financial Partners, LLC Class A Common Stock | Option exercise | Dispose M | Yes | No | 0 | 8,250,165 | 0.00 | 0 |
31 Aug 23 | Leonard R. Chang | Class A Common Stock, $0.01 par value | Sale back to company | Dispose D | No | No | 53 | 947,643 | 50.23 mm | 0 |
Press releases
FOCUS FINANCIAL 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
1 Mar 24
FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Focus Financial Partners Inc. - FOCS
28 Feb 24
FOCUS FINANCIAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
27 Feb 24
FOCUS FINANCIAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
23 Feb 24
FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Focus Financial Partners Inc. - FOCS
21 Feb 24