Allworth Financial, a Folsom, California-based registered investment advisory firm managing $15 billion, has acquired Johanson Financial Advisors, an RIA managing $480 million based in Campbell, California.
Financial terms of the transaction were not disclosed.
Founded in 2011, the five-person team at Johanson serves approximately 280 clients from its base in Silicon Valley. The agreement with Johanson Financial brings Allworth’s total number of offices to 21 across the country.
[MORE: Allworth Financial acquires another Arizona RIA]
The Great Wealth Transfer keeps getting greater
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