Allworth Financial Acquisition: $1.5B AUM
- Allworth Financial, based in Folsom, CA, continues its expansion strategy with the acquisition of Indianapolis-based sister firms Salzinger Sheaff Brock and Sheaff Brock Investment Advisors.
- This acquisition marks Allworth's 42nd since 2018, boosting the company's valuation to $30 billion in assets under management.
- According to its moast recent Form ADV, updated in May, Allworth Financial now oversees more than $25 billion in client assets across 64,930 accounts.
Allworth Financial strategically expands, acquiring Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, adding $1.5 billion in client assets.This significant move brings Allworth’s total assets under management to a commanding $30 billion, marking its 42nd acquisition since 2018. Explore how this strategic acquisition finance deal strengthens Allworth’s position in the financial advisory landscape, offering complete services to over 28,000 clients nationwide.The Indianapolis-based firms, experts in investment management, will integrate into Allworth’s existing structure. focusing on mergers and acquisitions (M&A), Allworth continues to align itself with firms sharing its client-first approach.News Directory 3 provides timely financial news. Stay informed about the evolving financial landscape. Discover what’s next for Allworth Financial.
Allworth Financial Expands With Indianapolis Acquisition
Allworth Financial, based in Folsom, CA, continues its expansion strategy with the acquisition of Indianapolis-based sister firms Salzinger Sheaff Brock and Sheaff Brock Investment Advisors. The firms collectively manage $1.5 billion in client assets.
This acquisition marks Allworth’s 42nd since 2018, boosting the company’s valuation to $30 billion in assets under management. The Indianapolis firms offer services including estate planning, investment management, and mutual funds to high-net-worth individuals, serving over 28,000 clients nationwide.
According to its moast recent Form ADV, updated in May, Allworth Financial now oversees more than $25 billion in client assets across 64,930 accounts. The company’s strategic financing acquisitions have considerably contributed to its growth, utilizing various methods to structure acquisition finance deals.
“This acquisition represents the next step in our growth as a national destination for clients seeking expert guidance and personalized planning,” said John Bunch, CEO of Allworth. “I’ve known their team for over two decades, and not only are they one of the most impressive firms I’ve had the pleasure to engage with, but they also embody the kind of talent, beliefs, and client-first mindset that aligns with Allworth’s vision and direction.”
The company’s approach to mergers and acquisitions (M&A) focuses on finding firms that align with its values and client-centric approach.
What’s next
Allworth Financial is expected to continue its growth trajectory through strategic acquisitions, further solidifying its position as a leading financial advisor.