Allworth Financial has added two advisory firms, one in California and the other with offices in Illinois and Florida, that have a combined $621 million in assets under management, the RIA announced Wednesday.
Roseville, California-based Tridea Advisors has three advisors overseeing $341 million in client assets: its founder, Steve Eklund, who will be a partner and advisor at Allworth; Eklund’s daughter, Allison Scoggin, who will be an equity partner and advisor; and Allison’s husband, Wesley Scoggin, who will be an advisor. Two staffers at the firm will also join Allworth.
“We’ve followed Allworth Financial closely since its inception over 30 years ago,” Eklund said in a statement. “By joining forces now, we can benefit from Allworth’s infrastructure which will enable us to continue to prioritize our clients’ needs while letting go of many of the day-to-day operational responsibilities that running a thriving advisory practice requires.”
At Capital Point Financial Group, which has offices in Glenview, Illinois, and Sarasota, Florida, founder John M Selzer Jr. oversees $280 million in assets with the assistance of two staffers.
“To continue to grow and add additional services, we sought out a partner that has an established culture of caring about clients every bit as much as we do,” Selzer said in the statement.
Terms of the transactions were not disclosed.
Folsom, California-based Allworth now has roughly $19 billion of assets under management; its 120 advisors operate out of 40 offices spread over 20 states.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
