Deals & Moves: $30B Allworth Adds Active Investment Expertise; $3B Compound Lures 8 Advisors

Allworth Financial Acquires Two Midwestern Firms

Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, two Indianapolis-based sister firms, have become the 42nd acquisition of national RIA Allworth Financial. The transaction brings Folsom, Calif.-based Allworth’s total assets under management and administration to more than $30 billion, and the total number of client households it serves to more than 28,000. Salzinger Sheaff Brock and Sheaff Brock together managed over $1.5 billion. Acc…

Allworth Financial acquires Salzinger Sheaff Brock and Sheaff Brock

Allworth Financial, a US-based investment advisory firm, announced the acquisition of Salzinger Sheaff Brock and Sheaff Brock Investment Advisors.   Financial terms of the transaction were not disclosed.   The deal, Allworth’s 42nd since 2018, increases its assets under management and administration to over $30bn, serving more than 28,000 client households across the US.  Indianapolis-based firms Salzinger Sheaff Brock and Sheaff Brock manage ov…

Deals & Moves: $30B Allworth Adds Active Investment Expertise; $3B Compound Lures 8 Advisors

$3 billion AUM Compound Planning lures eight advisors, and Focus Financial, Apella and LPL’s affiliate RIA arm also make multi-million dollar additions.