Allworth Financial, a Sacramento, California-based registered investment advisory firm managing almost $12 billion, has acquired Giordano Wealth Management Group of Los Gatos, California, which manages more than $315 million.
Financial terms of the transaction were not disclosed.
Giordano Wealth Management serves approximately 400 client households. It was founded in 2010 by Chris Giordano, who was previously affiliated with LPL Financial.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
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Futures indicate stocks will build on Tuesday's rally.
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