Focus Financial fills another hole, buys niche RIA

Fifth deal for form this year
SEP 23, 2011
Focus Financial Partners LLC announced the acquisition of Hufford Financial Advisors LLC today. It marks the fifth deal the firm has made this year, adding a total of about $6 billion to its assets under management from the deals. The transaction took affect on Sept. 30. Hufford, based in Indianapolis IN, focuses on dentists, providing accounting and practice management services along with financial planning and investment advice. The firm grew out of Brian Hufford's accounting practice dedicated to dental professionals which was founded in 1977. It has over 700 clients and manages approximately $900 million in assets. Mr. Hufford is the twenty-second partner in Focus Financial. “We essentially offer family office services for dental professionals to organize and simplify their financial picture,” said Mr. Hufford in a press release. “By partnering with Focus, Hufford will be able to continue its growth well into the future, providing opportunities for the Hufford team to keep building its leadership position and provide the best new ideas to our clients.” Focus Financial has of late been one of the more active buyers of RIA firms in the country. Since its founding in 2006 with four partner firms and $3.5 billion in assets under management, Focus Financial has now acquired 20 firms and has over $45 billion in assets under management. “Focus continues to look for best-of-breed practices to add to our mix of businesses, and Hufford is clearly a leader in the area of holistically serving the dental community,” said Rudy Adolf, CEO of Focus Financial Partners. “We look forward to helping them grow this successful model.”

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.