The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 3, 2023. Its latest SEC filing is a SC 13G/A from Feb 9, 2024.
10-Q for Q2 FY2023, filed Aug 3, 2023
The sections below describe the company as of the FY2022 annual report.
Provides independent wealth management firms with resources and support to serve individuals, families, employers and institutions with wealth management services.
10-K for FY2022, filed Feb 16, 2023
Partner firms charge clients for investment advice, planning, consulting and related services, with fees based on client assets, flat fees or hourly rates. They bill in advance or arrears monthly, quarterly or semiannually; other revenue includes service fees, commissions and distribution fees.
10-K for FY2022, filed Feb 16, 2023Our partner firms provide comprehensive wealth management services through a largely recurring, fee-based model. We derive a substantial…View ↗
The Company recognizes revenue from wealth management fees, which are primarily composed of fees earned for advising on the assets of…View ↗
Other revenue includes fees earned for recordkeeping and administration services provided to employee benefit plans as well as commissions…View ↗
10-K for FY2022, filed Feb 16, 2023
FY2022 revenue by product or service ↗$2.1B
10-K for FY2022, filed Feb 16, 2023
$2.1B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Wealth management fees
Recurring
10-K for FY2022, filed Feb 16, 2023 |
96%
FY2019: 94%
|
Wealth management fees, FY2022
$2.1B Sources
|
Recurring |
|
Other
Mix
|
4.1%
FY2019: 5.6%
|
Other, FY2022
$87M Sources
|
Mix |
Partner firms primarily serve high- and ultra-high-net-worth individuals and families. Focus supports those firms, which operate independently; its services also support third-party wealth management firms.
10-K for FY2022, filed Feb 16, 2023We are a leading partnership of independent, fiduciary wealth management firms operating in the highly fragmented registered investment…View ↗
Empower our partner firms through collaboration on strategy, growth and acquisition opportunities, marketing, technology and operational…View ↗
The Company recognizes revenue from wealth management fees, which are primarily composed of fees earned for advising on the assets of…View ↗
Yes. It kept 4 cents of every revenue dollar as net income in FY2022 and turned 12 cents into free cash flow.
10-K for FY2022, filed Feb 16, 2023
$294.3MView ↗
10-K for FY2022, filed Feb 16, 2023
$91.8MView ↗
10-K for FY2022, filed Feb 16, 2023
$267.6MView ↗
10-Q for Q2 FY2023, filed Aug 3, 2023
Open tableView ↗
8-K, filed Aug 31, 2023
NEW YORK, NY – August 31, 2023 – Focus Financial Partners Inc. ("Focus" or the "Company"), a leading partnership of independent, fiduciary…View ↗
Grew. Revenue grew 2.4x in 4 years, from $910.9M in FY2018 to $2.1B in FY2022, about 24% a year.
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