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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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