Allworth Financial Expands with WealthPoint Advisors Acquisition

Deal News | Dec 10, 2024 | Lightyear Capital

Allworth Financial, an award-winning Registered Investment Adviser (RIA) based in Folsom, California, has announced the acquisition of WealthPoint Advisors, LLC, a firm located in Indianapolis, Indiana. This strategic acquisition is part of Allworth's broader plan to enhance its presence in the Midwest, specifically in the Indianapolis market. WealthPoint Advisors has around $383 million in assets under management and caters to more than 190 client households. The merger brings into Allworth an experienced team of advisors, aligning with Allworth's strategic wealth management and client relationship goals. CEO of Allworth Financial, John Bunch, expressed enthusiasm about augmenting their advisory presence in Indianapolis, noting that WealthPoint aligns well with their values. Brent Walker, Founder and President of WealthPoint Advisors, sees the partnership as a crucial step for expanding resources and services for their clients. Founded in 1993, Allworth Financial specializes in investment management, tax planning, and other comprehensive wealth management services, holding almost $27 billion in assets. The firm is recognized for its growth and workplace environment, having received several industry accolades.

Sectors

Financial Services

Geography

United States – Both Allworth Financial and WealthPoint Advisors operate in the United States, with a focus on expansion into the Midwest, specifically Indianapolis, Indiana.

Industry

Financial Services – The acquisition involves two companies within the wealth management sector, focusing on assets under management and investment advisory services.

Financials

$383 million – The amount of assets under management by WealthPoint Advisors being integrated into Allworth Financial.
$27 billion – Total assets under advisement by Allworth Financial after the acquisition, including those acquired through this transaction.

Participants

Name	Role	Type	Description
Allworth Financial	Acquiring Company	Company	A registered investment adviser based in California, specializing in comprehensive wealth management services.
WealthPoint Advisors, LLC	Target Company	Company	An RIA firm based in Indianapolis, offering wealth management services and managing $383 million in assets.
John Bunch	CEO of Allworth Financial	Person	Chief Executive Officer of Allworth Financial, overseeing the company's expansion and strategic direction.
Brent Walker	Founder and President of WealthPoint Advisors	Person	Founder and President of WealthPoint Advisors, leading the firm through its acquisition by Allworth Financial.