Focus Financial Partners

CEO Rudy Adolf held the RIA acquirer’s first-ever earnings call, following its $564.8 million IPO, but the firm’s calculations drew questions.

I’ve been watching, with increasing dismay, the trend of outside investors taking ownership of advisory firms.

A high valuation is a mixed blessing, industry analysts say.

The IPO price was lowered, but long-term performance is considered key.

Six of the top 10 advisor recruits — managing roughly $13.2 billion in client assets — have walked out of the wirehouse so far this year.

These mega brokers managed $18 billion in assets at their previous firms.

SmartAsset provides personal finance information and tools to over 45 million users per month, says the firm.

A public offering will be a landmark for the advisory business. But the aggregator will face unprecedented scrutiny from investors.

The definition of independence for advisors is changing, according to a new report.

The group is the latest in a long string of wirehouse departures.