Allworth Financial acquires $367 million RIA

Allworth Financial, a Folsom, California-based registered investment advisory firm managing almost $13 billion, has acquired Novak Financial Planning, an RIA in Bel Air, Maryland that manages $367 million.

Founded in 1987 by husband-and-wife team Dan and Carol Novak, the firm serves approximately 450 clients.

Terms of the acquisition were not disclosed.

[More: Canadian teachers become unlikely owners of US advisory firm]

Active investment managers must consider ESG when building portfolios today

The post Allworth Financial acquires $367 million RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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