Allworth Buys $500M FA Practice
Allworth Financial has acquired Ryan Wealth Management, an RIA with $500 million in assets and offices in Yuba City, CA and Spokane, WA. The deal strengthens Allworth’s presence in the California and Pacific Northwest markets.
The Ryan Wealth team, led by principal Rob Ryan, includes three partner advisors and several support staff members across its two locations. The firm offers financial planning, retirement planning and estate planning to a mix of high-net-worth individuals, trusts, businesses and pension plans.
“Ryan Wealth Management has built a strong reputation for providing comprehensive financial guidance to their clients,” said John Bunch, CEO of Allworth Financial. “Their commitment to client service and their expertise in retirement planning aligns well with our approach to financial advice.
Folsom, CA-based Allworth is a full-service RIA that specializes in investment management, tax planning and preparation, estate planning, and 401(k) management. The firm manages nearly $26 billion in assets.
The Ryan Wealth deal is the ninth this year for Allworth. Its most recent deal was the acquisition of George McKelvey Company, a Manasquan, NJ–based practice that manages $1.1 billion in assets under management, in October.
In June, the firm acquired $220 million Northern California-based Del Monte Group. In January, the RIA scooped up a pair of advisory firms, one in California and the other with offices in Florida and Illinois, with a combined $621 million in assets under management.