RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Rudy Adolf's Buckingham meal ticket looks golden after the $35-billion RIA/TAMP absorbs Dan Goldie's $1 billion Loring Ward book and margins leap from 25 basis points to more like 70

The New York-based roll-up's gain is offshoot of Loring Ward deal where Goldie is the biggest client but was too big to buy until Focus capital could be tapped

Author Brooke Southall March 9, 2019 at 3:28 AM
4 Comments
no description available
Adam Birenbaum (left) is already rolling up Alex Pott's longtime TAMP clientele in the months following their merger.

TAMPs


Matt icks

Matt icks

March 10, 2019 — 8:56 PM
Focus and rudy continue to impress and continue to deliver even if it is inorganic
Peter Mallouk

Peter Mallouk

March 11, 2019 — 5:37 PM
What Rudy has accomplished in such a short time is unprecedented and very impressive.
Jackie Michel

Jackie Michel

March 11, 2019 — 6:01 PM
RIA Biz thank you for your detailed coverage and reporting, this publication continues to distinguish with its persistency to go the extra mile and under the surface (Even when the firms and people may not make themselves fully cooperative, available, and transparent) so much more thought-provoking versus many of the other industry news outlets that have become full time event planners and agents of PR veneer.
Brooke Southall

Brooke Southall

March 11, 2019 — 7:50 PM
Thank you, Jackie. We do try to cover the more interesting stories regardless of the level of cooperation, availability and transparency we get from protagonists. It's more than appreciated by our whole group here when it gets noticed by people like you. And, yes, we are mostly allergic to PR veneer and events, which are often a distracting, consuming version of marketing and PR.

Related Moves

May 7, 2024 at 5:04 AM

DFA undergoes a sea change -- literally -- with a fancy yacht soirée, cigars and champagne as it attempts to sail away from its mutual fund image into the world of ETFs

Having just about staunched net outflows with its embrace of ETFs, DFA is embarking on a cultural shift as it tries to figure out how to sell more, even though it's less unique than it used to be.

March 13, 2024 at 1:46 AM

Michael Nathanson's new post as Focus CEO could create an 'apparent conflict' with his duties at Colony Group, which is snapping up billions in Focus RIA assets -- but 'partners' now have one of theirs in the power seat

The CEO of Colony, the $22-billion Boston RIA, is buying $10.4-billion GW & Wade from Focus, making him buyer and seller, as he takes the reins as first permanent Focus CEO since Rudy Adolf.

May 1, 2024 at 3:02 AM

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

See more related moves

Mentioned in this article:

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



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.