Allworth Financial Acquires Houston Asset Management
April 1, 2020
Allworth Financial, a Sacramento-based RIA backed by Parthenon Capital, has acquired Houston Asset Management, an investment advisory firm managing approximately $450 million in client assets. The deal adds HAM’s 13 employees and more than 680 households to Allworth’s platform as part of its continued roll-up strategy and supports HAM’s succession planning and access to enhanced technology and capabilities.
- Buyers
- Allworth Financial
- Targets
- Houston Asset Management
- Platforms
- Allworth Financial
- Industry
- Wealth Management
- Location
- Texas, United States
- Transaction Type
- Addon
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