Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has acquired DeGreen Capital Management, a Paradise Valley, Arizona-based RIA managing $328 million.
Financial terms of the transaction, which marks Allworth’s second in Arizona, were not disclosed.
Previously, Allworth acquired Pathways Financial Partners, a Tucson, Arizona, registered investment adviser managing $158 million.
Founded in 2009, DeGreen is run by the father-and-son team of Keith DeGreen and Sam DeGreen.
A fund allegedly built a big stake, sparked a short squeeze, then sold as shares cratered
Hackers used AI voice cloning to target Point72, Citadel, Millennium and other major money managers on Wall Street.
Recruiters Philip Waxelbaum and Louis Diamond weigh in on whether AI skills are reshaping advisor pay amid PwC's Financial Services Workforce AI Survey.
Hightower's Bob Oros, eMoney's Stephen Langlois, and other industry veterans are joining the data infrastructure firm's inaugural advisory board.
Peter Cishecki is facing questions linked to his firm’s debt securities
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
