RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

What bet Rudy Adolf is making on RIAs by pre-borrowing $550 million from Bank of America and a wider syndicate

The Focus Financial CEO sees lending rate at rock bottom and ROI on RIA investing with room to rock

Author Brooke Southall January 8, 2014 at 9:41 PM
Admin:
no description available
Rudy Adolf: There is no other business in the RIA space that has even close to this level of capital.

Related Moves

With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO

CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals

August 13, 2022 at 12:39 AM

UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture

Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.

July 16, 2022 at 1:35 AM

Looking past Covid-19 pandemic, Louisiana RIA buys $1-million building after hitting $1 billion in AUM and hiring the town's mayor

Summit Financial Wealth Advisors was sold to Focus Financial in 2014, growing its assets by $400 million since then but keeping staffing about the same

December 17, 2020 at 3:02 AM

Oleg Tishkevich builds instant McKinsey-killer in RIA consulting by offering gigs and equity to six solo stars, but good luck managing egos and economics, says someone who's been there

The restless Invent.us founder names (thus far) Tim Welsh, Suzanne Siracuse, Gavin Spitzner, Mark Hollingsworth and Brian Bleasdell as owners in exchange for being on call to tackle big gigs as a superteam

September 10, 2019 at 10:52 PM


Mentioned in this article:

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf




Grant Barger

Grant Barger

January 8, 2014 — 11:49 PM

Interesting timing… it seems as though the bet is on the margins… can they recruit with reduced forgivable payouts? Can they create a culture that advisors will flock to? Can they get the wirehouse advisor to shun the ninety day sales cycle to jump to the culture that has a five year plan? Can they increase the margins with sticky client AUM? There are so many variables to take into account that can make this bet either work or flop…One thing is for sure, organic growth is the lifeblood that supports M&A… without organic growth, the arbitrage is much more of a gamble… The culture of the Roll-up RIA must be one that is conducive to the organic growth of the independent advisor for ultimate success of all parties… which includes the clients.
-GB

Brooke Southall

Brooke Southall

January 9, 2014 — 5:56 AM

Good questions, Grant. I am glad that Focus keeps barreling ahead with some on-the-job clinical trials. Somebody has to be shaking things up with de minimus analysis paralysis and this fits.

Brooke

http://nokium.com/forum/profile.php?id=25518

http://nokium.com/forum/profile.php?id=25518

June 26, 2014 — 5:32 AM

Our hunch would be the 32GB iPad at $599 are going to be quite possibly the most well-known product but who’s going to desire to expend the extra funds for 3G specially when you have already got it together with your cell mobile phone? Now, we don count on youl have the ability to tether your iphone to your iPad making sure that leaves WiFi or far better nevertheless WiMax. Right this moment the Droid can use no cost apps that turn it right into a WiFi hotspot for no additional value. Contact Pro two, Imagio, and Omnia II users may also convert their phones into WiFi hotspots. For $40 a month you’ll be able to make use of a Palm Pre or you could go along with one thing like Verizon MiFi and even Sprint’s WiMax dongle in addition to a CradlePoint moveable router.

http://www.fsienergy.com/AmericanAnthracite/

http://www.fsienergy.com/AmericanAnthracite/

June 26, 2014 — 7:00 AM

Amazonite beads are made when making use of eco-friendly quantity of microline feldspar. The amazonite that comprises amazonite beads is really a mineral that doesn’t occur incredibly often. It’s been stated the amazonite that comprises amazonite beads took its title inside the mighty Amazon . com River. The eco-friendly gemstones the amazonite beads had been constructed from had been based inside the Amazon . com River.

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo