Allworth Financial acquires $367 million RIA
A husband-and-wife team runs Novak Financial Planning in Bel Air, Maryland.
Allworth Financial, a Folsom, California-based registered investment advisory firm managing almost $13 billion, has acquired Novak Financial Planning, an RIA in Bel Air, Maryland that manages $367 million.
Founded in 1987 by husband-and-wife team Dan and Carol Novak, the firm serves approximately 450 clients.
Terms of the acquisition were not disclosed.
[More: Canadian teachers become unlikely owners of US advisory firm]
Active investment managers must consider ESG when building portfolios today
Learn more about reprints and licensing for this article.
