Allworth Financial, a Sacramento, California-based registered investment advisory firm managing almost $12 billion, has acquired Giordano Wealth Management Group of Los Gatos, California, which manages more than $315 million.
Financial terms of the transaction were not disclosed.
Giordano Wealth Management serves approximately 400 client households. It was founded in 2010 by Chris Giordano, who was previously affiliated with LPL Financial.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Examiners will scrutinize fee conflicts, complex products and super intelligence threats as broker-dealers face fresh Reg BI and AML reviews
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