Focus Financial Network provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Focus Financial Network reports 13,684 clients. They include 11,863 individual clients, 1,697 high-net-worth individuals, and 88 corporations and other businesses. Of its assets, 96.3% ($6.57B across 26,512 accounts) are managed with discretion; $250M across 998 accounts are not. A wrap fee program the firm both sponsors and manages holds $219M. It advised 105 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 42% |
| High-net-worth individuals | 12% | 57% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 11,863 | $2.84B | 41.6% | $239K |
| High-net-worth individuals | 1,697 | $3.86B | 56.6% | $2.28M |
| Pension and profit-sharing plans | 33 | $52.7M | 0.8% | $1.6M |
| Charitable organizations | Fewer than 5 | $2.04M | 0.0% | $680K |
| Corporations and other businesses | 88 | $68M | 1.0% | $772K |
| Total | 13,684 | $6.82B | 100% | — |
- Clients
- 11,863
- Regulatory AUM
- $2.84B
- AUM share
- 41.6%
- Avg. per client
- $239K
- Clients
- 1,697
- Regulatory AUM
- $3.86B
- AUM share
- 56.6%
- Avg. per client
- $2.28M
- Clients
- 33
- Regulatory AUM
- $52.7M
- AUM share
- 0.8%
- Avg. per client
- $1.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.04M
- AUM share
- 0.0%
- Avg. per client
- $680K
- Clients
- 88
- Regulatory AUM
- $68M
- AUM share
- 1.0%
- Avg. per client
- $772K
Total
- Clients
- 13,684
- Regulatory AUM
- $6.82B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 105
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Focus Financial Network is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation; its fees and minimums are set out in its brochures on the SEC website.
The leadership team of Focus Financial Network includes President John Bina and Chief Compliance Officer Evan Chang. It has 189 employees, 114 of them in advisory roles.
Staff
- 189 employees
- 114 in advisory functions
- 119 state-registered reps
- 124 broker-dealer reps
- 95 insurance agents
- 1 soliciting firm
- Owns 10% to 25% of Focus Financial Network, Inc.
John Watkins
Control person · since May 2006
- Owns 10% to 25% of Focus Financial Network, Inc.
John Layton
Control person · since May 2006
- Owns 10% to 25% of Focus Financial Network, Inc.
David Heitkamp
Control person · since May 2006
- Owns 10% to 25% of Focus Financial Network, Inc.
David Beissler
Control person · since January 2025
- Owns 10% to 25% of Focus Financial Network, Inc.
William Bergstrom
since May 2006
- Owns 10% to 25% of Focus Financial Network, Inc.
Walter Pickup
Control person · since January 2025
- Owns 5% to 10% of Focus Financial Network, Inc.
John Dritz
Control person · since May 2006
- Owns 5% to 10% of Focus Financial Network, Inc.
Michael Dales
since January 2025
Focus Financial Network’s regulatory assets grew 1.6× from $4.17B (March 2021) to $6.82B (October 2026); clients rose from 9,713 to 13,684 and employees fell from 202 to 189.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Oct 2026October 2026 | $6.82B | 13,684 | 189 | 37 |
| Jul 2025July 2025 | $6.26B | 14,027 | 172 | 41 |
| May 2024May 2024 | $5.39B | 13,862 | 167 | 41 |
| May 2023May 2023 | $4.46B | 10,959 | 194 | 41 |
| Mar 2022March 2022 | $5.08B | 10,204 | 210 | 46 |
| Mar 2021March 2021 | $4.17B | 9,713 | 202 | 47 |
Besides its headquarters, Focus Financial Network has 36 offices (3 private residences, listed without an address), with 24 listed addresses across 3 states.
Minnesota · 21 listed addresses
- 1300 Godward Street Ne, Suite 5500, MinneapolisHQ
- 635 Bielenberg Drive, Woodbury
- 6448 Main Street, North Branch
- 1500 McAndrews Road West, Burnsville
- 102 Walnut Street, Winona
- 1000 Shelard Parkway, Minneapolis
- 401 North 3rd Street, Minneapolis
- 7400 Metro BLVD., Edina
- 949 Whitewater Avenue, St. Charles
- 106 W 1st Street, Fosston
- 38877 10th Ave, North Branch
- 1650 W 82nd Street, Bloomington
- 1421 Bemidji Ave N, Bemidji
- 350 W. Burnsville Parkway, Burnsville
- 124 W Main St, Waconia
- 600 Highway 169 S., St Louis Park
- 8100 Penn Ave S, Bloomington
- 43 Main Street Se, Minneapolis
- 307 N. Nokomis St., Alexandria
- 539 Bielenberg Drive, Woodbury
- 600 US Highway 169, St. Louis Park
Illinois · 2 listed addresses
- 901 Warrenville Road, Lisle
- 1100 Nerge RD, Elk Grove
Wisconsin · 1 listed address
- 3530 Stewart Avenue, Wausau
Other business names
Focus Financial Network has reported 6 other business names to the SEC.
- Brooklands
- Fdi Incorporated/Financial Designs
- McMurray Whitney Financial
- Mertz Wealth Strategies, Inc.
- Moser & Heier Financial Solutions
- The Basballe Group
Contact and registration details
- Legal name
- Focus Financial Network, Inc.
- Headquarters
- 1300 Godward Street Ne, Suite 5500, Minneapolis, MN 55413
- Website
- focusfinancial.com
- Phone
- 651-631-8166
- @focus-financial-network-inc-
- SEC file
- 801-71117
- Structure
- Minnesota corporation
- Fiscal year end
- December
Focus Financial Network’s named custodians for separately managed accounts are Charles Schwab ($2.86B, 65%) and Pershing ($1.57B, 35%). Focus Financial Network has custody of $2.12B for 3,632 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.86B65%
- PershingPershing LLC · Jersey City, NJ · $1.57B35%
At year end, Focus Financial Network’s separately managed accounts were mostly in funds (68%) and stocks (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.23B across 764 positions; the largest are Nvidia Corporation (9.9%), Schwab Strategic TR (4.6%) and Invesco Qqq TR (3.7%).
What the accounts hold
- Stocks23%
- Funds68%
- Bonds1%
- Cash7%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Focus Financial Network have?
Focus Financial Network has 13,684 clients and manages $6.82 billion for them, as of October 2026. They include 11,863 individual clients, 1,697 high-net-worth individuals, and 88 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026
What services does Focus Financial Network offer?
Focus Financial Network provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Focus Financial Network use?
Focus Financial Network’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.86B and Pershing LLC (Jersey City, NJ), with $1.57B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026
How many financial advisors does Focus Financial Network have?
Focus Financial Network has 119 investment adviser representatives registered with state securities authorities, out of 189 employees, and 114 perform investment advisory functions. 124 employees are registered representatives of a broker-dealer and 95 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Focus Financial Network invest in?
At the end of its last fiscal year, Focus Financial Network’s separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 7% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Focus Financial Network?
Focus Financial Network’s direct owners are John Watkins, John Layton, David Heitkamp, John Dritz, David Beissler, William Bergstrom, Walter Pickup and Michael Dales, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 1 October 2026
How does Focus Financial Network get paid?
Focus Financial Network is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Focus Financial Network?
Focus Financial Network’s main office is at 1300 Godward Street Ne, Suite 5500, Minneapolis, MN 55413. Its phone number is 651-631-8166. Its website is focusfinancial.com.
