Allworth Financial buys two more firms, passes $40 billion in assets under management
Folsom-based investment advisory firm Allworth Financial announced two acquisitions that bring it over $40 billion in assets under management.
Allworth Financial, the Folsom‑based investment advisory firm, disclosed that it has closed two separate acquisitions, a move that lifts the company’s total assets under management to a level exceeding $40 billion.
Acquisitions
The firm confirmed that the two newly added entities will operate under the Allworth umbrella, expanding its client base and service capabilities. While the names of the acquired firms were not released, the transaction signals Allworth’s continued emphasis on growth through purchase of complementary advisory businesses. Executives indicated that the deals were finalized earlier this month, aligning with the company’s strategic plan to broaden its geographic reach and deepen expertise across market segments.
Assets under Management
By integrating the two acquisitions, Allworth now reports managing more than $40 billion in client assets. This milestone places the firm among the larger independent advisory houses in the United States. The increase reflects both the organic growth of existing client relationships and the infusion of assets from the acquired companies. The firm’s leadership highlighted that the expanded AUM base enhances its ability to offer diversified investment solutions and to leverage economies of scale in portfolio management.
Investment Advisory Landscape
The advisory sector has seen a wave of consolidation as firms seek to strengthen competitive positioning amid fee pressure and evolving regulatory expectations. Allworth’s recent purchases mirror a broader industry trend where mid‑size advisors combine resources to compete with larger national players. Analysts note that expanding AUM through acquisitions can improve operational efficiency, broaden product offerings, and attract institutional investors looking for scale.
Strategic Outlook
Allworth’s management indicated that the newly integrated teams will continue to serve existing clients while pursuing cross‑selling opportunities across the combined platform. The firm plans to invest in technology upgrades and talent development to sustain the momentum generated by the acquisitions. Industry observers expect that the firm’s enlarged footprint will enable it to capture a larger share of retirement and wealth‑management mandates in the coming years.
Regional Impact
The transactions reinforce Allworth’s role as a significant employer and financial services provider in the Sacramento region. Local economic development officials have expressed optimism that the firm’s growth will generate additional high‑skill jobs and contribute to the area’s financial services ecosystem. As Allworth moves forward, its expanded asset base and broader advisory capabilities position it to remain a key player in the competitive landscape of independent investment management.
Source: bizjournals.com · 2026-09-04