Focus Financial's Adolf Steps Down as CEO

Some of Focus Financial's roughly 90 partner firms — which work with over $350 billion in assets — are Bartlett Wealth Management, Buckingham Strategic Wealth, Connectus Wealth Advisers, Crestwood Advisors, Douglas C. Lane & Associates, GW & Wade, Joel Isaacson & Co., Kovitz Investment Group, The Colony Group and Williams Jones Wealth Management.

After the sale of Focus to CD&R, co-founders Rajini Kodialam and Lenny Chang stepped down from their respective positions as COO and head of M&A, according to a report in WealthManagement. Along with Adolf, the firm's three co-founders made an estimated $323 million on the deal, analysis by CityWire found.