Allworth Financial Expands into Boston with $850M Shorepoint Acquisition 

Allworth Financial has acquired Shorepoint Capital Partners, LLC, a Norwood, Massachusetts-based RIA with approximately $850 million in assets under management. The deal expands Allworth’s footprint into the Boston market, bringing aboard 10 Shorepoint team members, including co-founders Tim Vanech, managing director, and Luis Raposo, managing director & CIO, who will continue in leadership roles. 

Shorepoint advisors will gain access to Allworth’s AI-powered planning tools, multi-channel lead generation, centralized compliance, and marketing support, enhancing their ability to serve high-net-worth and ultra-high-net-worth clients. Founded in 2009, Shorepoint specializes in personalized financial planning and model-based investment strategies spanning equities, bonds, and alternative investments. 

“This acquisition is a milestone for Allworth as we cement a presence in the Boston market and continue scaling our sophisticated platform to meet the needs of HNW and UHNW clients,” said John Bunch, CEO of Allworth. 

Allworth, headquartered in Folsom, California, manages approximately $31 billion in assets. The firm has been expanding aggressively, including its June acquisitions of Salzinger Sheaff Brock and Sheaff Brock Investment Advisors in Indianapolis, which together oversee more than $1.5 billion. Shorepoint was advised on the transaction by Emily Blue and Ryan Halls of Hue Partners.