Allworth Financial acquires two investment firms, increasing assets to over $30bn

From Yahoo Finance: 2025-06-25 07:06:00

Allworth Financial has acquired Salzinger Sheaff Brock and Sheaff Brock Investment Advisors in the US. The deal, Allworth’s 42nd since 2018, increases assets to over $30bn, serving 28,000 client households. The acquired firms manage over $1.5bn in assets for high-net-worth individuals. Allworth CEO John Bunch praised the firms’ expertise and client-first mindset.

The acquisition enhances Allworth’s investment capabilities and strengthens its Midwest presence. Clients will gain access to a range of services including investment management, tax strategy, and retirement planning. Sheaff Brock managing director David Gilreath highlighted the benefits for clients in terms of investment expertise and comprehensive wealth planning resources.

Salzinger Sheaff Brock co-founder Mark Salzinger emphasized the combination of investment strategies and wealth management. Allworth, founded in 1993 and based in California, serves clients nationwide through over 40 offices. The firm is backed by Lightyear Capital and the Ontario Teachers’ Pension Plan Board.



Read more at Yahoo Finance: Allworth Financial acquires Salzinger Sheaff Brock and Sheaff Brock