How stocks of wealth management firms are holding up this year
With the news at the end of February that Focus Financial Partners Inc. was being bought by Clayton Dubilier & Rice, InvestmentNews decided to take a look at Focus Financial’s performance as a public company since its IPO in 2018. Then we thought, why not compare Focus Financial Partners to other wealth management-focused firms that work with thousands of financial advisors each day? Then Silicon Valley Bank collapsed, causing some investors to shed their shares of financial institutions.
Click through to see the stock performance of 10 such companies, ranked from the best year-to-date stock performance through March 20 to the worst.
Source: Morningstar