Allworth Financial Acquires RAA (Airline-focused RIA)
October 29, 2019
Allworth Financial has acquired RAA, a large independent registered investment advisor that specializes in serving the airline community. The deal adds approximately $2.8 billion of client assets and roughly 60 employees across offices in Dallas, Atlanta, and Seattle, increasing Allworth's assets under management to over $7.5 billion; the transaction remains subject to customary regulatory approvals.
- Buyers
- Allworth Financial
- Targets
- RAA
- Industry
- Wealth Management
- Location
- Texas, United States
- Transaction Type
- Buyout
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