Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has acquired DeGreen Capital Management, a Paradise Valley, Arizona-based RIA managing $328 million.
Financial terms of the transaction, which marks Allworth’s second in Arizona, were not disclosed.
Previously, Allworth acquired Pathways Financial Partners, a Tucson, Arizona, registered investment adviser managing $158 million.
Founded in 2009, DeGreen is run by the father-and-son team of Keith DeGreen and Sam DeGreen.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
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.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
