Allworth Financial, a Folsom, California-based registered investment advisory firm managing $15 billion, has acquired Johanson Financial Advisors, an RIA managing $480 million based in Campbell, California.
Financial terms of the transaction were not disclosed.
Founded in 2011, the five-person team at Johanson serves approximately 280 clients from its base in Silicon Valley. The agreement with Johanson Financial brings Allworth’s total number of offices to 21 across the country.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
