Allworth Financial acquires $340 million RIA

Allworth Financial, a Sacramento, California-based registered investment adviser that manages almost $11 billion, has acquired Shone Wealth Management, an RIA firm managing $340 million in Walnut Creek, California.

Founded in 2005 by Mark Shone, the eponymous firm serves approximately 300 client households.

[More: Canadian teachers become unlikely owners of US advisory firm Allworth]

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The post Allworth Financial acquires $340 million RIA appeared first on InvestmentNews.

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