Michael Nathanson is stepping down as CEO of Focus Financial Partners, with Adam Birenbaum taking over the position. Nathanson will transition to chairman and board member. This move is part of a succession plan designed by Nathanson. He has led Focus since April 2024, overseeing the consolidation of subsidiary practices into hub firms. Birenbaum, who previously served as president of a hub firm, will lead Focus as it transitions to an integrated business platform post-acquisition. Focus Financial Partners collectively oversees more than $520 billion in assets across its business lines. Nathanson has emphasized the importance of adaptation in the RIA industry, advocating for an interconnected model.

Read more at Yahoo Finance: Michael Nathanson Steps Down as Focus Financial CEO