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November 2009 Newsletter

NEWS, NEWSLETTERS  |  10 Nov 2009

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Another Milestone—Our 25th Year

We are very proud this year to be celebrating our 25th year in business. Our firm was formed in 1984 by Bob Lawrenz. At that time it operated under the name Robert Lawrenz Consulting Services. Bob wanted to offer unbiased investment advice to people on a fee-only basis, and chose the fee-only model because he knew it offered his clients a truly objective way to manage their money. Initially, Bob would create financial plans and asset allocation models for his clients, who would then bring that plan to their broker for implementation. Although part of Bob’s duty was to work with the client’s broker to facilitate the proper execution of the plan, he was not managing his client’s investments directly.

In 1987, after more than 20 years of Trust Department experience, Fred Raffety joined Bob. For several years, Bob and Fred continued to work together under the business model that Bob had established. Over time, clients, who had become dissatisfied with their commission driven brokers, asked Bob and Fred if they could be more involved in the management of their money. In response, the firm became a Registered Investment Advisor under SEC jurisdiction, managing the investments of their clients directly, without broker input.

In 1999, Bob began the process of turning the company over to Fred. Under Fred’s direction, a decision was made to expand the services offered to clients in response to their growing needs. The firm began providing comprehensive financial planning services in addition to investment management. Then, in order to reflect the changing face of the firm, Fred made two major decisions. The first was to change the name of the firm to Focus Financial Advisors, and the second was to expand the capabilities of the firm by adding people who shared Fred’s desire to focus on high quality, high-touch wealth management services, and who had complementary backgrounds. This enabled the firm to expand client services to include such areas as tax planning and improved analysis of insurance needs.

Today, the team at Focus is more equipped than ever to help our clients navigate the complex and ever-changing arena of personal finance, and we continue to do so using the same guiding principals that our founder Bob Lawrenz established twenty-five years ago. Thank you to our loyal clients, new and old. We look forward to serving you and your families for another twenty-five years, and beyond!