Allworth Buys 2 Firms, Adds $947 Million to Top $40 Billion AUM
Updated
Updated · Wealth Management · Sep 1
Allworth Buys 2 Firms, Adds $947 Million to Top $40 Billion AUM
1 articles · Updated · Wealth Management · Sep 1
Summary
$947 million in acquired client assets pushed Allworth Financial above $40 billion in assets under management through deals for High Falls Advisors and Holistic Financial Partners.
High Falls contributed $665 million and a CPA-led in-house tax practice, while Holistic added $282 million and divorce-financial-planning expertise; together they bring 23 professionals, including 13 wealth and tax advisors.
John Bunch has doubled Allworth's AUM from about $18 billion since becoming CEO in late 2023, using acquisitions to broaden specialized advice capabilities.
The two purchases are Allworth's third and fourth since its May capital raise led by Integrum Holdings, following August deals for Sachetta and Arthur Stein Financial.