Allworth Financial acquires Arizona RIA

Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has acquired DeGreen Capital Management, a Paradise Valley, Arizona-based RIA managing $328 million.

Financial terms of the transaction, which marks Allworths second in Arizona, were not disclosed.

Previously, Allworth acquiredPathways Financial Partners,a Tucson, Arizona, registered investment adviser managing $158 million.

Founded in 2009, DeGreen is run by the father-and-son team of Keith DeGreen and Sam DeGreen.

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