Focus Financial buys $17 billion DFA TAMP for $235 million through its $3.6 billion DFA TAMP

The RIA roll-up adds Loring Ward to BAM with 50% cash down and the rest with Focus common shares

Author Brooke Southall September 28, 2018 at 2:44 AM

Adam Birenbaum: It would be impossible to imagine us making this happen were it not for our colleagues at Focus Financial Partners.

Rudy Adolf

Loring Ward

Adam Birenbaum

Focus Financial

Jeff Spears

September 28, 2018 — 12:51 PM

TAMP + DFA = winner. Are TAMPs conflicted? That is an important question for fiduciaries

Joe

September 28, 2018 — 3:19 PM

Wow this is BIG! Would love to see some in depth follow-up coverage and analysis on this. For all the critics of Focus and the notion that the story there is entirely financial engineering, this deal would seem to have meaningful synergies and represents a substantial strategic shift to the TAMP / RIA outsourcing landscape.

Robert L

September 28, 2018 — 4:41 PM

Focus has really pulled out in front among consolidators with recent momentum perhaps indicative of the valuation the market has given since IPO

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Mentioned in this article:

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

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts