Allworth Financial acquires another Arizona RIA
Scottsdale-based RG Capital manages $176 million and serves approximately 300 clients, with a focus on dentists.
In its second deal in Arizona in less than two weeks, Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has reached an agreement to acquire Scottsdale-based RG Capital, an RIA managing $176 million.
Last week, Allworth announced that it was acquiring DeGreen Capital Management in Paradise Valley, Arizona, which oversees $328 million.
RG Capital was founded in 2005 and serves approximately 300 clients, with a focus on the dental profession.
Terms of the acquisition were not disclosed.
Retiring baby boomers provide opportunity for advisers
Learn more about reprints and licensing for this article.
