In its second deal in Arizona in less than two weeks, Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has reached an agreement to acquire Scottsdale-based RG Capital, an RIA managing $176 million.
Last week, Allworth announced that it was acquiring DeGreen Capital Management in Paradise Valley, Arizona, which oversees $328 million.
RG Capital was founded in 2005 and serves approximately 300 clients, with a focus on the dental profession.
Terms of the acquisition were not disclosed.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
