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Focus Acquires $700 Million ARS Wealth Advisors

Focus Financial acquired ARS Wealth Advisors to expand Florida presence. ....

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Focus Acquires $700M ARS Wealth Advisors

Focus Financial acquired ARS Wealth Advisors to expand its Florida presence.
Focus Financial Partners, a publicly traded RIA consolidator, agreed to acquire ARS Wealth Management, a 24-year-old firm based in St. Petersburg, Fla., according to a Monday announcement.
Details of the transaction were not disclosed, except for the expectation that it will close in the third quarter of 2021.
ARS turned to Focus after years of consideration searching for a partner to allow it to increase capital and maintain autonomy over its business while adding services such as cash management and lending from Focus Client Solutions along with Focus’ newest trust and insurance services. ....

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Focus Financial Partners Reports First Quarter Results

Focus Financial Partners Reports First Quarter Results
Performance Exceeds Expectations, Reinforcing Strong Momentum
NEW YORK, NY / ACCESSWIRE / May 6, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus Inc. , Focus , the Company , we , us or our ), a leading partnership of independent, fiduciary wealth management firms, today reported results for its first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Organic revenue growth
GAAP net income of $2.5 million
GAAP basic and diluted net income per share attributable to common shareholders of $0.00 on a rounded basis
Adjusted Net Income Excluding Tax Adjustments
(2) of $63.4 million and Tax Adjustments of $10.5 million
Adjusted Net Income Excluding Tax Adjustments Per Share ....

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Focus Financial Partners Inc (FOCS) Q4 2020 Earnings Call Transcript

Operator
Good morning. I would like to welcome everyone to the Focus Financial Partners 2020 Fourth Quarter and Full Year Earnings Call. Joining today s call are Rudy Adolf, Founder and CEO; Jim Shanahan, Chief Financial Officer; Rusty McGranahan, General Counsel; and Tina Madon, Head of Investor Relations and Corporate Communications. [Operator instructions]
As a reminder, this conference is being recorded. Mr. McGranahan. Please go ahead.
J. Russell McGranahan
General Counsel
Good morning, everyone. Before we begin, let me remind you that during the course of this call, we may make a number of forward-looking statements. We call your attention to the fact that Focus results may of course differ from these statements. These statements are based on assumptions made by and information currently available to Focus Financial Partners and involve risks and uncertainties that could cause the results of Focus to materially differ from these statements. ....

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The latest in financial #AdviserTech — February 2021

The latest in financial #AdviserTech February 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
February 16, 2021
41
MINS
This month’s edition kicks off with the big news that Walmart has partnered with Ribbit Capital (one of the fintech venture capital firms that backed Robinhood) to begin creating its own fintech solutions for Walmart customers and employees. That would instantly create one of the largest distribution platforms for a fintech solution (as Walmart reaches nearly 40% of all Americans on a weekly basis!) and also a financial wellness platform (as it’s the world’s largest private employer). Yet the reality is that as the world’s largest superstore, Walmart is arguably well-positioned to become a financial products superstore as well taking a page from the playbook of Sears, the 20th-century retailer that expanded into financial services and ....

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