{ "crd_number": 159289, "slug": "focus-partners-wealth-llc-st-louis-mo-159289", "primary_business_name": "FOCUS PARTNERS WEALTH, LLC", "legal_name": "FOCUS PARTNERS WEALTH, LLC", "dbas": [ "CHURCHILL MANAGEMENT GROUP", "D. K. BREDE INVESTMENT MANAGEMENT COMPANY, A FOCUS PARTNERS WEALTH COMPANY" ], "city": "St. Louis", "state": "MO", "country": "United States", "cbsa_code": "41180", "metro": { "cbsa_code": "41180", "common_name": "St. Louis", "msa_name": "St. Louis, MO-IL", "path": "/advisors/mo/st-louis" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-12-07", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-09-29", "carried_forward": false, "raum_total": 181862000000.0, "raum_discretionary": 148238000000.0, "raum_non_discretionary": 33624000000.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 1915, "advisory_employees": 1025, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 4457000000.0, "count": 388 }, "individuals": { "raum": 13521000000.0, "count": 30825 }, "banking_thrift": { "raum": 0.0, "count": null }, "state_municipal": { "raum": 3614000000.0, "count": 42 }, "insurance_companies": { "raum": 8000000.0, "count": 2 }, "investment_companies": { "raum": 1535000000.0, "count": 4 }, "pension_profit_sharing": { "raum": 9308000000.0, "count": 535 }, "other_investment_advisers": { "raum": 699000000.0, "count": 12 }, "high_net_worth_individuals": { "raum": 142518000000.0, "count": 30177 }, "pooled_investment_vehicles": { "raum": 2971000000.0, "count": 25 }, "corporations_other_businesses": { "raum": 3231000000.0, "count": 456 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "educational_seminars", "financial_planning", "other", "pension_consulting", "periodicals_newsletters", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 2, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://alfrankfunds.com", "https://bredeinvestment.com", "https://churchillmanagement.cssi.org", "https://debrabrede.com/book", "https://facebook.com/churchillmanagement", "https://facebook.com/debrakbrede", "https://familybudgetexpert.com", "https://focusfinancialpartners.com", "https://focuspartners.com", "https://fortpittcapitalfunds.com", "https://greatretirementdebate.com", "https://instagram.com/focuspartnerswealth", "https://investing.focuspartners.com", "https://kevinngrogan.com", "https://kovitzetf.com", "https://linkedin.com/company/2064318", "https://linkedin.com/company/debra-brede-author-founder-d-k-brede-investment-management-company", "https://linkedin.com/company/focuspartners.wealth", "https://linkedin.com/in/debrakbrede", "https://regdocs.blugiant.com/al-frank", "https://twitter.com/focusfinancial", "https://vimeo.com/churchillmanagement", "https://wealth.focuspartners.com", "https://wealth.focuspartners.com/focus-partners-retirement-solutions", "https://x.com/FocusPartnersW", "https://youtube.com/channel/UCzyV9aezMHb9U9z4Pg4FtQg" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159289", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "ST. LOUIS", "url": "https://advisorcensus.com/firm/focus-partners-wealth-llc-st-louis-mo-159289", "display_name": "Focus Partners Wealth, LLC", "summary": "Focus Partners Wealth, LLC is an SEC-registered investment advisory firm in St. Louis, MO, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.", "citation": "AdvisorCensus. Focus Partners Wealth, LLC (CRD 159289): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)", "Publication of periodicals or newsletters", "Educational seminars/workshops", "Other" ], "quick_answers": [ { "q": "How is Focus Partners Wealth, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Focus Partners Wealth, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "How much does Focus Partners Wealth, LLC charge?", "a": "Its Form ADV Part 2A brochure dated April 30, 2026 states: Hourly rate: $95 to $275 an hour (family office services); Hourly rate: $250 an hour (meetings with the client); Subscription: $150 to $825 a month (financial planning); Flat fee: $3,000 to $6,000 a month; Flat fee: $5,000 to $50,000; Hourly rate: $80 to $375 an hour (business management services). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Focus Partners Wealth, LLC located?", "a": "Focus Partners Wealth, LLC's principal office is in St. Louis, MO, according to its Form ADV; the October 2026 filing also lists 25 other offices (Schedule D, Section 1.F)." }, { "q": "Is Focus Partners Wealth, LLC registered with the SEC or a state?", "a": "Focus Partners Wealth, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 159289." }, { "q": "How much does Focus Partners Wealth, LLC manage?", "a": "Focus Partners Wealth, LLC reports $181,862,000,000 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (82% discretionary)." }, { "q": "How have Focus Partners Wealth, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Focus Partners Wealth, LLC: Regulatory assets under management: $13,054,044,702 in the October 2021 data and $181,862,000,000 in the October 2026 data, up 1293%. Total employees: 250 in October 2021 and 1,915 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Focus Partners Wealth, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (30,825); high net worth individuals (30,177); pension and profit sharing plans (but not the plan participants or government pension plans) (535)." }, { "q": "Which custodians does Focus Partners Wealth, LLC use?", "a": "Focus Partners Wealth, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Focus Partners Wealth, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159289" }, { "q": "What changed in Focus Partners Wealth, LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Changed its office addresses in Atlanta, GA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 13054044702.0, "total_employees": 250, "filing_date": "2021-08-22" }, { "period": "2022-10-01", "regulatory_assets_under_management": 18638723308.0, "total_employees": 320, "filing_date": "2022-07-20" }, { "period": "2023-10-01", "regulatory_assets_under_management": 18829970023.0, "total_employees": 360, "filing_date": "2023-09-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": 21472648180.0, "total_employees": 1315, "filing_date": "2024-09-13" }, { "period": "2025-10-01", "regulatory_assets_under_management": 95889888426.0, "total_employees": 1535, "filing_date": "2025-07-11" }, { "period": "2026-10-01", "regulatory_assets_under_management": 181862000000.0, "total_employees": 1915, "filing_date": "2026-09-29" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Changed its office addresses in Atlanta, GA." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $95,889,888,426 to $181,862,000,000 (+90%).", "Employees performing advisory functions went from 1090 to 1025.", "Changed its office addresses in Bethesda, MD.", "Changed its office addresses in Chicago, IL.", "Changed its office addresses in Deerfield, IL.", "Added an office in Bellevue, WA.", "Added an office in Greenwood Village, CO.", "Added an office in Needom, MA.", "Added an office in Pittsburg, PA.", "Added an office in Santa Monica, CA.", "Added an office in Seattle, WA.", "Added an office in Southfield, MI.", "Added an office in Tuscon, AZ.", "No longer lists an office in Hunt Valley, MD.", "No longer lists an office in Kansas City, MO.", "No longer lists an office in Lincoln, NE.", "No longer lists an office in Los Angeles, CA.", "No longer lists an office in North Andover, MA.", "No longer lists an office in Palo Alto, CA.", "No longer lists an office in Wellesley, MA.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 1050 to 1090." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated April 30, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: $95 to $275 an hour (family office services)", "Hourly rate: $250 an hour (meetings with the client)", "Subscription: $150 to $825 a month (financial planning)", "Flat fee: $3,000 to $6,000 a month", "Flat fee: $5,000 to $50,000", "Hourly rate: $80 to $375 an hour (business management services)" ], "figures": [ { "label": "Planning fee", "statements": [ "Hourly rate: $95 to $275 an hour (family office services)" ], "quotes": [ "Fees for family office services are either a flat annual fee, a project-based fee, or an hourly fee that generally ranges from $95 to $275 per hour required to perform the services." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $250 an hour (meetings with the client)" ], "quotes": [ "If more than two (2) meetings with the client are necessary, a fee of $250 per hour will be charged." ] }, { "label": "Planning fee", "statements": [ "Subscription: $150 to $825 a month (financial planning)" ], "quotes": [ "Focus Partners’ fees are negotiable, but for this type of financial planning, fees generally range from $150 per month to $825 per month." ] }, { "label": "Planning fee", "statements": [ "Flat fee: $3,000 to $6,000 a month" ], "quotes": [ "Fees generally range from a fixed monthly fee between $3,000 and $6,000 but more complex or longer engagements will incur a significantly higher fixed fee." ] }, { "label": "Planning fee", "statements": [ "Flat fee: $5,000 to $50,000" ], "quotes": [ "Depending on the services and length of engagement, fees will typically range from $5,000 to $50,000, but more complex or longer engagements will incur a significantly higher fixed fee." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $80 to $375 an hour (business management services)" ], "quotes": [ "Business Management Services fees are based on the time required to perform the services, and hourly rates range from $80 to $375 per hour." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": null, "min": 95.0, "max": 275.0, "period": "hour", "service": "family office services" }, { "kind": "hourly", "amount": 250.0, "min": null, "max": null, "period": "hour", "service": "meetings with the client" }, { "kind": "subscription", "amount": null, "min": 150.0, "max": 825.0, "period": "monthly", "service": "financial planning" }, { "kind": "flat", "amount": null, "min": 3000.0, "max": 6000.0, "period": "monthly", "service": null }, { "kind": "flat", "amount": null, "min": 5000.0, "max": 50000.0, "period": "one_time", "service": null }, { "kind": "hourly", "amount": null, "min": 80.0, "max": 375.0, "period": "hour", "service": "business management services" } ] }, "quotes": [ "Fees for family office services are either a flat annual fee, a project-based fee, or an hourly fee that generally ranges from $95 to $275 per hour required to perform the services.", "If more than two (2) meetings with the client are necessary, a fee of $250 per hour will be charged.", "Focus Partners’ fees are negotiable, but for this type of financial planning, fees generally range from $150 per month to $825 per month.", "Fees generally range from a fixed monthly fee between $3,000 and $6,000 but more complex or longer engagements will incur a significantly higher fixed fee.", "Depending on the services and length of engagement, fees will typically range from $5,000 to $50,000, but more complex or longer engagements will incur a significantly higher fixed fee.", "Business Management Services fees are based on the time required to perform the services, and hourly rates range from $80 to $375 per hour." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/focus-partners-wealth-llc-st-louis-mo-159289.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 30825, "fewer_than_5": false, "raum": 13521000000.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 30177, "fewer_than_5": false, "raum": 142518000000.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": null, "fewer_than_5": false, "raum": 0.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 4, "fewer_than_5": false, "raum": 1535000000.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 25, "fewer_than_5": false, "raum": 2971000000.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 535, "fewer_than_5": false, "raum": 9308000000.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 388, "fewer_than_5": false, "raum": 4457000000.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 42, "fewer_than_5": false, "raum": 3614000000.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 12, "fewer_than_5": false, "raum": 699000000.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 2, "fewer_than_5": false, "raum": 8000000.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 456, "fewer_than_5": false, "raum": 3231000000.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159289", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }