Allworth acquires California firm managing $283 million

Allworth acquires California firm managing $283 million
RedRock Financial & Insurance Services is based in Chico.
JAN 10, 2023

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.

‘IN the Nasdaq’ with Ryan McCormack, ETF strategist at Invesco

Latest News

Wealth Enhancement extends acquisition streak with Washington state deal
Wealth Enhancement extends acquisition streak with Washington state deal

The Olympia, Washington firm's retirement planning expertise reinforces the consolidator's growth momentum to exceed $160 billion in client assets.

Building AI you can trust in wealth management
Building AI you can trust in wealth management

Beyond content generation and execution, firms that can offer answers around governance, transparency, and supervision are set to pull ahead in the next leg of the AI race.

Advisor moves: Veteran teams with $580M in assets leave Wells Fargo
Advisor moves: Veteran teams with $580M in assets leave Wells Fargo

The experienced advisory teams join Ameriprise and Janney as the race for experienced talent continues.

Siebert deepens FusionIQ investment with 10-year wealth tech deal
Siebert deepens FusionIQ investment with 10-year wealth tech deal

Additional investment and partnership will see joint development of wealth management, brokerage and digital asset platforms.

Medicare Advantage members hit hard by rising costs
Medicare Advantage members hit hard by rising costs

Rising drug and outpatient costs are pushing plan members to demand more financial guidance and most insurers are falling short.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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