Rusty. Focus. three you, today’s interest us. your We there Good in for and want morning, appreciate you Thank thank are to I key joining takeaways call, highlight. On everyone
saw as First, very you XXXX strong Focus year. ended successful on earlier a today, from our release a note, capping
year-over-year, of exceeded increased growth, XX% organic substantially XX% XX% growth of and net including These more for XX% each. nearly share annual than the income objectives adjusted Our per revenues same grew our for results our period.
increase firms. not made but presence and our important is in worth high that performance ultrahigh worth evolution Reaching XXXX only this net to Our the achieved the our significant our $X targets, level We approaching financial our markets. in point quarter billion. strategy against also annualized fourth of inflection net progress we an revenues are exceeded revenue
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to addition, value our intellectual partners our financial In resources. and provide a we through tremendous
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XXXX. are been and very grow to never in has positioned well business stronger, I’m we Our with pleased how
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have with As years XX% firms completed for approximately XXX additional merger close the firms increases of capability have and X demonstrates This recent the than that percentage M&A we partner least tuck-in mergers. more utilized having our year-end, potential with embedded in that direct acquisitions. longer Focus of Focus, with to-date. to This have our been acquisitions partners of XX facilitated have been have firms at the for half
enabler a from array interact, from of important years scale, small flexible, well levels, attractive of partner have innovative as development way the has an benefit firms’ technology the pricing saw we and operational the the advisers model. major trends programs from and alone, powerful Focus’ we service highly profitability. partner firms, can robo-advisor models. Technology clients turn, well Third, and as last efficient an as our being that many influencing of solutions we the the to innovative, we never their in benefit and benefiting are a along their as that our X leading continue providers technology increasing which functional is business emerged custodians, of benefit clients our but changing from. and to client threat partners much-hyped pass Within In efficiency
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loyal net is client most wealth tend primarily therefore worth informed or the partner to confidence and are have base in wealth net industry. ultrahigh These be and in families. and Our and their the client strategists client management individuals high worth disciplined groups and advisers base
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would like I to touch on Now our international expansion. briefly
we discussed including create would that we international. IPO As opportunities previously, us, have anticipated for more our
families transaction experiencing recently ultrahigh Quadrant, are we market wealth one management in that partner This a year. is UK. Equally and – definitive the of with the how advice pleased net is are second Australia our results. closing our the of week, an announced agreement and expansion net we further the firm. is second leading worth focus sophisticated Many of challenging wealth Canada Toronto-based and the focus important incumbent of an the management individuals. world initial firm areas excellent is Our showing Canada, new while in markets as traders This worth markets the the We diversification. firms. with Australian exploring our is Australia Prime expected elevating outside our of to partner resonating This change component firm, our model a largest of a transaction highly We is work international signed Prime quarter enhancing Quadrant standards the Australian we as there. close serves growth strategy and important, that of is Escala our the ultrahigh one see with U.S., Partners, in announced important models. and are regulatory this
growth We present for have an Focus. these in relationships they excellent been exploring opportunity markets, and and building
our close in the base first has of partner Quadrant, of total are and of mid These Partners. partner new X approximately share. already AG&S Lanham pending been and approximately Company, combination we deals total will earnings $X.X firms, this million The to million in momentum firms accretive XXXX be of acquired $X.X to Escala Foster half that earnings Year-to-date, with income Prime Our expect O’Dell direct Cabot Dykema X we per base closed significant. year. on acquired and with & have have single-digit net adjusted acquisitions these
drive additional to deals nature mentioned, first X to players rest expected of are of recruiting our adds already that Focus proud in strong that of strength In for the and believe the X On half XXXX. XXXX, year. closed will announced quarter we the is through mergers first in the the of pipeline We to side, merchant are as the traditional value akin the momentum close to our partners. have this
clear. priorities for Our are XXXX
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partners. the and will our capitalize on these plethora a core of objective team facilitating opportunities for many a our opportunity. merger also Second, attractive substantial growth of Matching, prioritizing of and we is mergers,
in adding segments, network. further partner worth ultrahigh the breadth to portfolio the in net depth high plan net our firms, particularly our our expand and U.S., partner Third, through worth and to we
proven a continue with focus record service. on and Our offices segment, Fourth, track established, will on and will elite we profitable RIAs on breakaway to primary will Australia emphasis U.S., Canada. the of outside remain the focus be only. client multifamily In our teams
select European involvement We leading partners, our also additional natural markets SmartAsset, and client like value-added monitor in the in are the recent in which Southeast our through in industry. we Australia. one Five, our generators of investment of is Asia, services testing extension lead a
We’re new net worth also exploring ultrahigh sectors.
penetrating and in last artists, deeply our over we This and athletes’ the the market businesses to have For other X space more in example, an we built growth are vertical. excellent client foundation is interested uncorrelated entertainers years. the
advantage the As right we industry. believe XXXX, in are our outlook this is time very positive, remainder at in take right and such, the we the secular shift to our of place, of for
place, We are continue to net business execution-oriented growth taking to drive strategic that we differentiated our focused per are and team believe highly adjusted in have build model sustained of and steps our the revenue share delivering upon fully We targets. against will a we in on excess strong priorities. income our
the the to lead and turning Communications Investor has team. to latest addition Focus will the efforts. on just am over going to Jim, Before Relations joined us our call Tina you Madon I Corporate update and
help and develop us to will community our media. relationships investor We her further with have are that confident she happy and the very
to over Jim? financials. review call fourth full for Now year of more I detailed quarter and will the a Jim hand our
