Allworth Financial Expands with Ryan Wealth Acquisition

Deal News | Dec 04, 2024 | Lightyear Capital

Allworth Financial has announced its acquisition of Ryan Wealth Management, a registered investment advisor (RIA) firm, increasing its presence in the Northern California and Pacific Northwest markets. With this strategic acquisition, Allworth Financial looks to leverage its partner advisors' expertise while managing $500 million in assets across more than 800 client households. John Bunch, CEO of Allworth Financial, stresses the alignment of Ryan's approach to client service and retirement planning with Allworth's philosophy. Rob Ryan, Principal at Ryan Wealth Management, states that their shared client-centric approach was a decisive factor in the merger. This transaction demonstrates Allworth's strategy of expansion through acquisition and integration in the retirement and investment advisory service space. Founded in 1993, Allworth Financial is a full-service RIA managing almost $27 billion in assets across the U.S, aligning its straightforward advisory approach with comprehensive financial planning strategies. Supported by Lightyear Capital, this acquisition illustrates how private equity involvement in wealth management can drive growth and broaden service offerings.

Sectors

Financial Services
Private Equity
Investment Management

Geography

United States – Both Allworth Financial and Ryan Wealth Management are based in the United States, and the acquisition expands Allworth's reach in Northern California and the Pacific Northwest.
California – Allworth Financial, through this acquisition, is expanding its presence specifically in Northern California, indicating the significance of this region.
Washington – The acquisition includes Ryan Wealth Management's office in Spokane, Washington, emphasizing the state's importance to the expanded operations of Allworth Financial.

Industry

Financial Services – Allworth Financial and Ryan Wealth Management both operate within the financial services sector, providing investment management and advisory services.
Private Equity – Lightyear Capital, a private equity firm, is involved in the transaction as a supporting entity, highlighting the intersection of private equity and financial advisory services.
Investment Management – This sector is central to the article as both Allworth Financial and Ryan Wealth Management offer investment management services as part of their core business operations.

Financials

$500 million – Assets under management brought by Ryan Wealth Management to Allworth Financial.

Participants

Name	Role	Type	Description
Allworth Financial	Bidding Company	Company	A full-service registered investment advisor expanding its market presence through the acquisition of Ryan Wealth Management.
Ryan Wealth Management	Target Company	Company	An RIA firm with offices in Yuba City, California, and Spokane, Washington, managing approximately $500 million in assets.
Lightyear Capital	Private Equity Firm	Company	A private equity firm supporting Allworth Financial's growth strategy and acquisition activities.
John Bunch	CEO of Allworth Financial	Person	Oversees the strategic acquisition and integration of Ryan Wealth Management into Allworth Financial.
Rob Ryan	Principal at Ryan Wealth Management	Person	Plays a key role in aligning Ryan Wealth Management's client-first philosophy with Allworth's approach.