Bringing you live news and features since 2006 

Focus Financial receives USD50m from Polaris and Summit


Focus Financial Partners, a partnership of independent wealth management firms, has received a USD50m growth capital investment from Polaris Venture Partners and Summit Partners.

Polaris has contributed USD35m and Summit, Focus’ initial backer in January 2006, an additional USD15m.

Concurrent with the investment, Focus has extended and amended its bank credit facility with a USD30m accordion to further expand the capital structure.

Focus will use the capital to continue with acquisitions of quality wealth management firms. Focus is also dedicating additional resources to a variety of activities to support growth for partners including recruiting and sub acquisitions, expansion of services, marketing and business development.

Rudy Adolf (pictured), founder and chief executive of Focus, says: “We continue to attract new partner firms and stay committed to investing in the growth of our existing partner firms. This funding provides us with the additional firepower we need to further accelerate our growth in the face of the tremendous opportunity that lies before the RIA industry at this time.”

Alan Spoon, general partner at Polaris Ventures, says: “After analysing the Focus strategy and its individual partner firms in detail, we were convinced that the Focus partnership is delivering precisely what clients are looking for – high quality, independent investment advice and an exceptional client experience – all within an outstanding overall business model.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by