Focus Financial Partners announced Monday that Michael Nathanson, CEO of The Colony Group, which Focus acquired in 2012, will serve in the newly created role of president of Focus. Mitch Kovitz, founder and co-chief investment officer of Kovitz, another partner firm, will serve as vice chairman of Focus.
Focus said that Nathanson and Kovitz will continue in their current positions with their respective firms.
“These appointments are not just about filling positions; they are about bringing in fresh, dynamic perspectives to our leadership team,” Dan Glaser, chairman and interim CEO at Focus, said in a statement. “We are committed to evolving and embracing new ideas, ensuring that Focus Financial Partners remains at the forefront of the financial services industry.”
Focus has seen some changes in top leadership since it was acquired last August by funds affiliated with private equity firms Clayton Dubilier & Rice and Stone Point Capital.
In October, Rudy Adolf, the company’s founder and CEO, announced he was retiring. He was replaced as interim CEO by Glaser, who in addition to serving as chairman of the company’s board is a partner at Clayton Dubilier & Rice.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
