Allworth Financial has acquired two sister Indianapolis-based firms, Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, which oversee more than $1.5 billion in combined client assets. 

The acquisition marks Folsom, CA-based Allworth’s 42nd acquisition since 2018, bringing the firm’s valuation to $30 billion in assets under management, the company said. 

Salzinger Sheaff Brock and Sheaff Brock offer estate planning, investment management, and mutual funds to high-net-worth clients, according to their websites. Both firms serve more than 28,000 clients across the country, Allworth said. 

“This acquisition represents the next step in our growth as a national destination for clients seeking expert guidance and personalized planning,” John Bunch, CEO of Allworth, said. “I’ve known their team for over two decades, and not only are they one of the most impressive firms I’ve had the pleasure to engage with, but they also embody the kind of talent, philosophy, and client-first mindset that aligns with Allworth’s vision and direction.” 

In December, Allworth Financial acquired Yuba City, CA-based Ryan Wealth Management, which manages $500 million in client assets.  

Allworth Financial oversees more than $25 billion in client assets across 64,930 accounts, according to its latest Form ADV updated in May.