Allworth Financial announced Tuesday that it has acquired RedRock Financial & Insurance Services, a Chico, California-based firm overseeing $283 million in assets.
RedRock’s partners, Kathleen Carpenter, Diane Knight and Benjamin Knight, will be joining Allworth along with their team.
Allworth is a Folsom, California-based registered investment advisor that advises on $15 billion in assets.
Terms of the transaction were not disclosed.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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