Allworth acquires $315 million RIA

Allworth Financial, a Sacramento, California-based registered investment advisory firm managing almost $12 billion, has acquired Giordano Wealth Management Group of Los Gatos, California, which manages more than $315 million.

Financial terms of the transaction were not disclosed.

Giordano Wealth Management serves approximately 400 client households. It was founded in 2010 by Chris Giordano, who was previously affiliated with LPL Financial.

[More: Biden tax talk seen driving RIA M&A activity]

The post Allworth acquires $315 million RIA appeared first on InvestmentNews.