Focus Financial

Registered investment adviser · Minneapolis, MN · CRD #116140

Form ADV data as of 2026-09-01

Regulatory assets

$6.82 billion

Total accounts

27,510

Employees

189

Disclosure events

Firm details

Website: http://www.focusfinancial.com
Telephone: 651-631-8166
SEC file number: 801-71117
Most recent Form ADV filing: 2026-08-26
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$6.57 billion
Non-discretionary regulatory assets under management	$249.9 million
Total regulatory assets under management	$6.82 billion
Discretionary accounts	26,512
Non-discretionary accounts	998
Total accounts	27,510
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	189
Employees performing investment advisory functions (including research)	114
Employees who are registered representatives of a broker-dealer	124
Employees registered as investment adviser representatives with a state	119
Employees registered as IARs for another investment adviser	5
Employees who are licensed insurance agents	95
Firms or persons who solicit advisory clients on the firm's behalf	1

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$2.12 billion
Clients for whom the firm has custody	3,632
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	2

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops

Other business activities

Registered representative of a broker-dealerInsurance broker or agent

Affiliated related persons

Other investment adviser (including financial planners)Accountant or accounting firmLawyer or law firm

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	11,863	$2.84 billion
High net worth individuals	1,697	$3.86 billion
Pension and profit sharing plans (not the participants or government plans)	33	$52.7 million
Charitable organizations	3	$2.0 million
Corporations or other businesses not listed above	88	$68.0 million