Allworth Financial, a Sacramento, California-based wealth management firm managing $9.5 billion, has agreed to acquire Pathways Financial Partners, a Tucson, Arizona, registered investment adviser managing $158 million.
Terms of the transaction, which is expected to close by year-end, were not disclosed.
The deal is the fourth acquisition in the last year for Allworth Financial, formerly known as Hanson McClain Advisors, and its 11th since 2017, when private equity firm Parthenon Capital acquired a stake in Allworth.
Last Tuesday, Allworth announced that Parthenon is selling that stake to Lightyear Capital and the Ontario Teachers’ Pension Plan.
Proposition 40 wealth tax could raise $30 billion, not $100 billion, as departures erode the base and voters remain split
Jump is piping FMG marketing content into post-meeting workflows as Zocks opens its platform to more than 32,000 LPL financial advisors
Trevor Uhls pleaded guilty to one count of wire fraud and one count of money laundering.
Osaic and LPL Financial routinely square off in recruiting advisors from other firms as well as from each other.
Meanwhile, Wealthspire's Ground Control business picks up a $1B private wealth firm in London, and Modern Wealth deepens its presence in California.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
