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In the News

Dash to cash: Focus moves away from equity-based deals

Posted by Louis Diamond

February 25, 2020
Louis Diamond Quoted
By Ian Wenik

For Focus Financial Partners, money talks.

In new financial data unveiled in a form 10-K it filed with the Securities and Exchange Commission (SEC) on Tuesday, the firm revealed how its typical RIA deal structure has changed in the past year.

The shift towards cash and away from equity may be a reflection of KKR and Stone Point-backed Focus Financial Partners’ new life as a publicly-traded company, explained Diamond Consultants executive vice president Louis Diamond.

‘Because it’s a public company, and now that there’s a public market valuation for the equity, most advisors and business owners would prefer an all-cash structure,’ Diamond said. ‘If they really want to buy the Focus stock, they can buy it on the public markets or buy an index fund that holds the Focus equity.’

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About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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