Allworth Financial is reshaping its investor base as it looks to accelerate growth in an increasingly competitive RIA landscape.
The $35 billion AUM RIA is adding Integrum Holdings as a new strategic partner alongside existing backers Lightyear Capital and Ontario Teachers’ Pension Plan. But the deal keeps control firmly with Allworth’s leadership team, while employees and advisor shareholders retain meaningful ownership.
CEO John Bunch framed the expanded investor group as a catalyst for scaling the firm’s existing model rather than reinventing it, highlighting that adding Integrum into its investors’ mix alongside its existing backers of the past five years is key to its next phase.
“With all three investors at the table, we have the right group of thought and capital partners to accelerate our growth and expand our capabilities,” he said. “From our earliest conversations, our partners are aligned with what makes Allworth work: our people, our culture, and our commitment to clients. We are not looking to change the formula that makes Allworth a premier wealth management firm, we are continuing to invest behind it.”
Integrum’s entry signals a focus on investing behind platform capabilities, particularly in talent, technology, and advisor enablement, as firms compete to deliver more comprehensive client outcomes at scale.
“Allworth has built something exceptional: a national platform with real scale, a leadership team that operates with discipline and focus, and a culture that puts clients first,” said founding partner Tagar Olson. “We're excited to partner with John and the Allworth team, alongside Lightyear and Ontario Teachers', to accelerate organic growth by investing in the talent, technology, and capabilities that will continue to scale the platform and enable Allworth's advisors to deliver more value to their clients.”
The transaction comes as RIAs continue to attract institutional capital, with investors seeking exposure to recurring revenue models and long-term demographic tailwinds.
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