Allworth Financial Acquires Capstone Capital, Inc.
May 26, 2020
Allworth Financial, a Parthenon-backed wealth management firm, has acquired Capstone Capital, Inc., a Cincinnati-based investment advisory firm with approximately $100 million in client assets. Founder Bob Sponseller is joining Allworth, and the deal expands Allworth's footprint in the Ohio region as part of its ongoing add-on acquisition strategy for its Parthenon-backed platform.
- Buyers
- Allworth Financial
- Targets
- Capstone Capital, Inc.
- Sellers
- Bob Sponseller (Founder of Capstone Capital, Inc.)
- Platforms
- Allworth Financial
- Industry
- Wealth Management
- Location
- Ohio, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
Allworth Financial Acquires Shorepoint Capital Partners
October 8, 2025
Financial Services
Allworth Financial, a national registered investment advisor backed by Lightyear Capital and Ontario Teachers' Pension Plan Board, has acquired Norwood, Massachusetts-based Shorepoint Capital Partners, which manages approximately $850 million in assets. The deal brings Shorepoint’s 10-person team and expanded UHNW investment capabilities to Allworth as the firm cements its Boston presence and expands its alternative investment and advisory offerings.
-
Allworth Financial Acquires Shone Wealth Management
April 13, 2021
Financial Services
Allworth Financial has acquired Shone Wealth Management, a Walnut Creek, California RIA managing over $340 million in assets and serving about 300 client households. The deal expands Allworth’s footprint in the San Francisco Bay Area as part of its ongoing roll-up strategy following partnership with private equity investors.
-
Allworth Financial Acquires Bastoni Financial Services
December 8, 2020
Financial Services
Allworth Financial has agreed to acquire Bastoni Financial Services, a Folsom, California-based financial planning and investment advisory firm with roughly $270 million in AUM. The deal expands Allworth’s footprint in Northern California and increases the firm’s total AUM to over $10 billion as part of its ongoing roll-up strategy while the company remains PE-backed by Parthenon Capital.
-
Lightyear Capital and Ontario Teachers' Acquire Allworth Financial from Parthenon Capital
October 20, 2020
Financial Services
Investment funds affiliated with Lightyear Capital and the Ontario Teachers' Pension Plan agreed to acquire wealth management firm Allworth Financial from Parthenon Capital. Allworth's senior management will remain significant shareholders; the investment will support continued national expansion through add-on acquisitions and multi-channel marketing. Financial terms were not disclosed and the deal was expected to close in Q4 2020.
-
Allworth Financial Acquires Houston Asset Management
April 1, 2020
Wealth Management
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.
-
Allworth Financial Acquires Blueprint Financial
May 9, 2019
Wealth Management
Allworth Financial has acquired Michigan-based investment firm Blueprint Financial, which manages approximately $80 million of client assets. The deal expands Allworth's footprint in the Midwest as it continues a string of acquisitions that have added over $1.1 billion in acquired assets in just over a year.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.