Focus Financial Advisors, Inc. (Rockford)

Name: Focus Financial Advisors, Inc.
Address: 6870 Rote Road, Rockford, IL, 61107 2690
Telephone: 815-633-8844

Focus Financial Advisors, Inc. is a large advisory firm based in Rockford. It manages $99.71 million of regulatory assets for 393 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Illinois, Louisiana, Minnesota, and Texas.

Focus Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Focus Financial Advisors: assets under management

The assets under management (AUM) of Focus Financial Advisors, Inc. is $99.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.71 thousand each.

Focus Financial Advisors has custody of $3.4 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Focus Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Focus Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Focus Financial Advisors is high net worth individuals with 28 clients and $59.3 million of assets under management. Among the 5 most similar advisory firms, Focus Financial Advisors has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $99.71 million for 164 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Focus Financial Advisors doesn't advise any private funds.

Careers at Focus Financial Advisors, Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert William Lawrenz	Chairman, director, owner	1 Feb 1984	50% - 75%	4342769
Robert W. Lawrenz	Chairman, director, owner	1 Feb 1984	25% - 50%	2650352
Frederick E. Raffety	President, director, owner	1 Feb 1999	75% - 100%	2854679
Bruce E Brinkman	Vice president	1 Feb 1999	Other	3119591
Martha L Whitman	Chief compliance officer	1 Jan 2005	Other	4929220
Joallen M Schumacher	Marketing director	1 Jan 2005	Other	5118287
Jon L Aldrich	Principal	1 Dec 2005	Other	5115121
Rolf Arthur Thienemann	Financial advisor	1 Feb 2008	Other	5223827
Frederick E. Raffety Trust Dated 9/25/2000	Owner	1 Apr 2015	75% - 100%	47-7047196
Judith H Raffety	Trustee	1 Apr 2015	75% - 100%	6929506

Based in Rockford

The principal office where Focus Financial Advisors, Inc. performs its advisory services is located at 6870 Rote Road, Rockford, IL 61107 2690, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 815-633-8844 or by fax 815-633-2108. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at focusfinancialadvisors.com.