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.
Meanwhile, Carson Group extends its acquisition strategy with a Maryland-based advisory practice.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
