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Focus Financial Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Focus Financial is a fee-based firm that is based in Minnesota. Among the firm’s advisors are certified financial planners (CFPs)accredited investment fiduciaries (AIFs) and accredited asset management specialists (AAMSs), among others.

Focus Financial Background

Founded in 1993, Focus Financial is an independent registered investment advisor (RIA) firm providing various advisory services to retail and institutional clients. The firm is owned by several individuals, and none have a majority share in the company, according to the firm’s brochure.

Focus Financial Client Types and Minimum Account Sizes 

Focus Financial works with both high-net-worth individuals and non-high-net-worth individuals, as well as retirement plans, charities and businesses.

The firm doesn’t have a minimum account size requirement listed on its Form ADV.

Services Offered by Focus Financial

Focus Financial offers the following advisory services:

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)

Focus Financial Investment Philosophy 

Focus Financial conducts investment research using several strategies. Among these are economic analysis, trend analysis, technical market analysis, fundamental analysis and technical trend following. The firm also relies upon specific criteria when making investment selections. For instance, Focus Financial selects mutual funds by reviewing things such as performance history, the industry sector in which the fund invests, the performance history of the fund’s manager and more. 

The firm mainly invests in open-ended mutual funds purchased at net asset value (NAV), no-load and load waived mutual funds, exchange traded funds (ETFs) and variable products.

Focus Financial Fees

Focus Financial lists several different fee schedules which apply to different types of accounts and advisory services. We’ve listed those below:

Fee schedule for accounts custodied at Pershing, Schwab, Fidelity and TD Ameritrade Institutional*
Amount of assets Management fee
$0 to $249,999 1.00% - 2.00%
$250,000 to $499,999 0.875% - 1.90%
$500,000 to $999,999 0.750% - 1.75%
$1,000,000 to $1,999,999 0.500% - 1.50%
Above $2,000,000 0.250% - 1.25%
*Fees above will be in addition to custodian transaction fees and other custodial fees.


Fee schedule for Vision2020 Wealth Management Platform - Advisor Managed Portfolios Program
Amount of assets Management fee
$100,000 to $249,999 2.00%
$250,000 to $499,999 1.875%
$500,000 to $749,999 1.650%
$750,000 to $1,249,999 1.425%
$1,250,000 to $1,999,999 1.200%
$2,000,000 to $4,999,999 1.000%
$5,000,000 to $24,999,999 0.975%
Above $25,000,000 0.775%


Retirement Plan Consulting Services 
Amount of assets  Management fee
Up to $2,500,000 1.25%
$2,500,000 to $5,000,000 1.00%
$5,000,000 to $10,000,000 0.75%
$10,000,000 to $20,000,000 0.50%
$20,000,000 to $30,000,000 0.35%
$30,000,000 to $50,000,000 0.20%
Above $50,000,000 0.10%


Fee Schedule for Orion Portfolio Solutions - Advisory Fee Schedule
Amount of assets Management fee
$0 to $249,999 1.00% - 2.00%
$250,000 to $499,999 0.875% - 1.90% 
$500,000 to $999,999 0.750% - 1.75% 
$1,000,000 to $1,999,999 0.500% - 1.50%
Above $2,000,000 0.250% - 1.25%

What to Watch Out For

Focus Financial doesn’t have any disciplinary actions, or disclosures, listed on its record within the past 10 years. One thing to consider, though, is that the firm’s fee-based compensation arrangements can create a conflict of interest, since advisors who are also insurance agents or brokers may develop an incentive to sell certain products for personal gain. 

Though Focus Financial has a fee-based fee structure, it operates under a fiduciary duty, meaning it must act in the best interests of clients at all times. 

Opening an Account with Focus Financial 

If you’re interested in setting up an account with Focus Financial, you can visit any of the firm’s Minnesota offices or you can contact a representative over the phone.

All information was accurate as of the writing of this article.

Financial Planning Tips for Beginners

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • As you plan for your retirement, it’s useful to map out both your liquid and nonliquid assets, as well as your liabilities. That way, you can determine what steps you’ll need to take to reach any long-term savings goals. Our retirement calculator can help. 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research