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Focus Financial

Updated today

Client assets under management

$6,701,031,471

Clients

13,560

13% high-net-worth

Advisors

119

of 189 employees

Firm type

Multi-team

30-300 advisors or >$3B in AUM

Clients per advisor

114

Very High

Average account size

$494,176

About

Focus Financial Network serves a broad mix of clients including individual investors (both non‑HNW and high‑net‑worth), employer‑sponsored retirement plans, trusts, estates, charities and corporate entities, providing managed account services, financial planning, retirement plan consulting and recommendation services. The firm delivers advisory services through Investment Advisory Representatives and supports both discretionary and non‑discretionary management, as well as third‑party manager and wrap fee program options.

Investment advice is personalized around a client’s stated Investor Profile and can include portfolio management, asset allocation, alternative investments, structured ETPs, securities‑based lending referrals, and periodic rebalancing; advisors may implement strategies directly or place assets on third‑party platforms while continuing oversight. The brochure also discloses operational practices such as use of third‑party AI tools to transcribe and summarize meetings, and explicit processes for recommending and coordinating with outside professionals to implement planning recommendations.

Compared with many large enterprise advisers, Focus emphasizes coordination with other professionals for estate planning and related legal or tax implementation — including expanded “Estate Planning Consultation” services and disclosures about referrals and potential referral fees — which the firm documents alongside conflicts and mitigation measures. The firm also provides unusually detailed operational and conflict disclosures for an enterprise platform (dual registration with Osaic Wealth, wrap program mechanics, loan and incentive arrangements, and AI usage), giving clients clearer visibility into referral, execution and administrative arrangements.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Educational seminars or workshops

Occupation focus

Executive Founder/Business Owner

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Fee options

Fixed

Fixed fees for financial planning services up to $5,000

Percentage

$0 - $499,999: 1.00% annually $500,000 - $999,999: 0.75% annually $1,000,000+: 0.50% annually

Commissions

Available through Osaic Wealth; commissions and 12b-1 trails apply for securities transactions and insurance products

Project-based

Up to $500 per hour for recommendation and financial planning services

Other

Minimum fee: Financial planning fixed fees up to $5,000; Annual consulting fees up to $20,000 annually Fee-only: Financial planning and consulting fees can be fixed fees up to $5,000, hourly fees up to $500/hour, annual fees up to $20,000 annually

Main office location

Focus Financial

1300 Godward Street Ne, Suite 5500

Minneapolis MN 55413, United States

Number of offices

36

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · Florida · Georgia · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Walter F

Series 63, Series 66

Minneapolis, MN

Focus Financial

Walter Fleak is a financial advisor at Focus Financial with 26 years of industry experience. He holds Series 63 and Series 66 licenses and has worked at firms including Primerica Advisors and AXA Distributors. Outside of financial advising, he owns Fleak Consulting Inc., which provides marketing and IT consulting to non-financial services clients. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion across 118 advisors. The firm serves individuals, pension plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts and financial planning services with a diversified investment approach.

Executive Founder/Business Owner
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Jack H

Series 66

Minneapolis, MN

Focus Financial

Jack Henschel is a financial advisor at Focus Financial with a Series 66 designation and five years of industry experience. His prior roles include positions at Royal Alliance, RBC Wealth Management, and St. Olaf College. In addition to his advisory work, he is a commissioned notary who notarizes legal documents as needed. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals—including high-net-worth clients—pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

Jack M

Series 63, Series 65

Minneapolis, MN

Focus Financial

Jack Madryga is a financial advisor with Focus Financial, holding Series 63 and Series 65 licenses and 11 years of industry experience. He has worked at firms including Wells Fargo Clearing, T. Rowe Price, and Windham Capital Management. In addition to financial advising, he is a licensed insurance agent who educates clients on life insurance options. Focus Financial Network manages approximately $6.3 billion through a network of 118 advisors, serving individuals, pension plans, trusts, charitable organizations, and corporate clients. The firm offers a range of investment and financial planning services, utilizing diverse strategies and investment vehicles tailored to client needs.

Executive Founder/Business Owner
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Jason T

Series 66

St. Charles, MN

Focus Financial

Jason Troendle is a financial advisor with Focus Financial in St. Charles, MN, holding a Series 66 designation and one year of industry experience. Prior to joining Focus Financial and Osaic Wealth Inc., he worked with The Fertilizer Institute and The Cold Chain Alliance. He operates a sole proprietorship assisting clients with financial planning and portfolio reviews. Focus Financial Network, Inc. manages approximately $6.3 billion across a network of 118 advisors, serving individuals, pension plans, trusts, charitable organizations, and corporate clients. The firm offers a range of investment management and financial planning services utilizing diverse strategies and investment vehicles tailored to client needs.

Executive Founder/Business Owner
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Patrick O

Series 66

Bloomington, MN

Focus Financial

Patrick Osmonson is a financial advisor with Focus Financial Network, Inc. in Bloomington, MN, holding a Series 66 designation and bringing 23 years of industry experience. He has been associated with Focus Financial since 2002 and serves as a partner at Edwards & Osmonson LLC, a firm providing accounting and tax services for small businesses and individuals. Outside of his advisory role, he acts as a financial guardian for his elderly father, overseeing his finances and brokerage accounts. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion through 118 advisors. The firm serves individuals, including high-net-worth clients, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of investment advisory services and portfolio management strategies tailored to client needs.

Executive Founder/Business Owner
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Robert H

Series 66

Minneapolis, MN

Focus Financial

Robert Heck is a financial advisor at Focus Financial with a Series 66 designation and four years of industry experience. His prior work includes roles at Royal Alliance Associates Inc., Denison Parking, US Bank Stadium, Target Field, and the Minneapolis Police Department. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

David H

CFP®, Series 63

Minneapolis, MN

Focus Financial

David Heitkamp is a CFP® with 42 years of industry experience, currently serving at Focus Financial since 1995. He is based in Bloomington, MN, and holds the Series 63 designation. Heitkamp is president of The Heitkamp Group Partnership, which manages administrative and business functions related to his financial advisory practice. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion through 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, providing a range of managed account services, financial planning, and access to third-party investment managers.

Executive Founder/Business Owner
user avatar

Chad P

Series 66

Edina, MN

Focus Financial

Chad Pratt is a financial advisor at Focus Financial with 24 years of industry experience. He holds a Series 66 designation and has been with Focus Financial Network, Inc. and OSAIC since 2002. Pratt is also president of Financial Designs, a non-investment-related C corporation focused on research and client communication. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, including high-net-worth clients, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of investment management and financial planning services.

Executive Founder/Business Owner
user avatar

Matthew M

Series 63, Series 65, Series 66

Minneapolis, MN

Focus Financial

Matthew Mattheisen is a financial advisor with Focus Financial Network, Inc. based in Minneapolis, MN. He holds Series 63, 65, and 66 licenses and has 20 years of industry experience. Prior to joining Focus Financial in 2018, he worked at Charles Schwab and Charles Schwab Bank from 2014 to 2018. Outside of his advisory role, he is an author of a book on career growth and mentoring and is the founder of a platform called Decoder Universe. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion across 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, third-party manager access, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

John O

Series 63, Series 66

Minneapolis, MN

Focus Financial

John O'Keefe is a financial advisor with Focus Financial in Minneapolis, MN, holding Series 63 and Series 66 licenses and bringing 21 years of industry experience. He has been with Focus Financial Network, Inc. and OSAIC since 2009. Outside of his advisory role, he is involved in the firm's licensed insurance agency that sells and services fixed insurance products. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

Elissa L

Series 66

Woodbury, MN

Focus Financial

Elissa Larson is a financial advisor at Focus Financial with 13 years of industry experience and holds a Series 66 designation. She has worked at Focus Financial since 2013 and is also associated with OSAIC and Deb Kuper as a registered assistant and associate advisor. Focus Financial Network, Inc. is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of investment management and financial planning services.

Executive Founder/Business Owner
user avatar

Grant R

Series 66

Minneapolis, MN

Focus Financial

Grant Robinson II is a Series 66 licensed financial advisor with Focus Financial in Minneapolis, MN, bringing 24 years of industry experience. He has been with Focus Financial Network and OSAIC since 2004. Outside of his advisory work, Robinson serves as president of two nonprofit organizations related to water skiing and performs as a circus acrobat. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion across a network of 118 advisors. The firm serves individuals, pension and profit-sharing plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

Charles H

Series 66

Minneapolis, MN

Focus Financial

Charles Hynes is a financial advisor with Focus Financial, holding a Series 66 designation and two years of industry experience. He has previously worked at Clifton Larson Allen and PwC. He holds an insurance license but is not currently appointed with any insurance companies. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, pension plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, third-party manager access, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
user avatar

Jason K

Series 66

Minneapolis, MN

Focus Financial

Jason Kuerschner is a financial advisor with Focus Financial and holds a Series 66 designation. He has seven years of industry experience, including a tenure at Edward Jones from 2018 to 2025. Outside of his advisory role, Kuerschner is actively involved in youth sports organizations, serving as president of the Cologne Baseball Association and as a referee for high school football in Glencoe, MN. Focus Financial Network, Inc. manages approximately $6.3 billion across a network of 118 advisors, serving individuals, pension plans, trusts, charitable organizations, and corporate clients. The firm provides a range of investment management and financial planning services, employing diverse strategies and coordinating with clients’ tax and legal advisors.

Executive Founder/Business Owner
user avatar

Michael H

Series 63, Series 65

Minneapolis, MN

Focus Financial

Michael Hochstetler is a financial advisor at Focus Financial with 26 years of industry experience. He holds the Series 63 and Series 65 designations and has been with Focus Financial Network and OSAIC since 2007. Focus Financial Network is an enterprise investment adviser managing approximately $6.3 billion through a network of 118 advisors. The firm serves individuals, including high-net-worth clients, as well as pension plans, trusts, charitable organizations, and corporate clients, offering a range of managed accounts, third-party manager access, retirement plan consulting, and financial planning services.

Executive Founder/Business Owner
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