Allworth Financial announces partnership with $300M firm

The deal brings the growing RIA firm's total acquisitions to 34.

Allworth Financial has completed another acquisition, bringing its total to date to 34.

The $19 billion AUA nationwide RIA firm welcomes Brennan Asset Management Group to its footprint, a firm based in Redding, California, and managing $300 million in assets. Terms of the transaction were not disclosed.

For Brennan Asset Management Group founder Robert Brennan, the decision to join Allworth comes after decades of building his firm into a regional powerhouse. But he felt that now was the right time to scale back on his operational responsibilities and focus on what he loves most, working with clients to improve their lives.

“After conducting an exhaustive, nationwide search for the ideal fit, we are very excited to be joining forces with the incredible team of professionals that Allworth Financial has assembled,” he said.

For Allworth, which now has 41 offices across the country and clients in all 50 states, adding Brennan is the latest in a recent flurry of acquisitions including two firms with a combined $621 million AUM in January and two with a combined $650 million AUM announced in December.

“I continue to be thrilled with the types of firms that are choosing to join Allworth,” said Allworth CEO John Bunch. “Advisory firms such as Brennan Asset Management Group that are well-run, growing, and good philosophical and cultural fits are what we look for in new partners.”