Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has acquired Horseman Group of St. Louis, Missouri, an RIA managing $991 million.
Financial terms of the transaction were not disclosed.
Founded in 2002, Horseman’s 13-member team works from three Missouri offices and serves more than 1,600 households. The Horseman agreement increases Allworth’s footprint to 24 offices in 10 states.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
The Olympia, Washington firm's retirement planning expertise reinforces the consolidator's growth momentum to exceed $160 billion in client assets.
Beyond content generation and execution, firms that can offer answers around governance, transparency, and supervision are set to pull ahead in the next leg of the AI race.
The experienced advisory teams join Ameriprise and Janney as the race for experienced talent continues.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
