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Allworth Financial, a Folsom, Calif.-based registered investment advisor with $39 billion in client ******* ets, has acquired Sachetta, a Lynnfield, Mass.-based wealth management and tax advisory firm overseeing $1.1 billion in ******* ets under management.
In addition, the RIA announced it has added Arthur Stein Financial, a Bethesda, Md.-based RIA specializing in financial planning for federal employees and retirees. That firm, majority owned by Arthur Stein, has about $141 million in AUM, according to its most recent Form ADV.
The moves come after Allworth executed a recapitalization in April led by Integrum Holdings and including former investors Lightyear Capital and Ontario Teachers' Pension Plan. The investment was structured to ******* ist in "Allworth's organic growth plan, including expanding its national footprint through high-quality partnerships with firms that share its long-term commitment to clients, advisors and employees," the RIA wrote in the deal announcement.
The move for Sachetta adds 21 professionals, including 13 wealth and tax advisors, and approximately 630 client households in the Boston area.
#investment
Allworth Financial, a Folsom, Calif.-based registered investment advisor with $39 billion in client ******* ets, has acquired Sachetta, a Lynnfield, Mass.-based wealth management and tax advisory firm overseeing $1.1 billion in ******* ets under management.
In addition, the RIA announced it has added Arthur Stein Financial, a Bethesda, Md.-based RIA specializing in financial planning for federal employees and retirees. That firm, majority owned by Arthur Stein, has about $141 million in AUM, according to its most recent Form ADV.
The moves come after Allworth executed a recapitalization in April led by Integrum Holdings and including former investors Lightyear Capital and Ontario Teachers' Pension Plan. The investment was structured to ******* ist in "Allworth's organic growth plan, including expanding its national footprint through high-quality partnerships with firms that share its long-term commitment to clients, advisors and employees," the RIA wrote in the deal announcement.
The move for Sachetta adds 21 professionals, including 13 wealth and tax advisors, and approximately 630 client households in the Boston area.
#investment
3 months ago
