Allworth Financial, a registered investment advisor headquartered in Sacramento, Calif., has expanded its mergers and partnerships team with the addition of four TD Ameritrade veterans, the company said today in a news release.
Scott Collins, former managing director of TD Institutional Sales Consulting, and colleagues Scott Gawrych, Tyler Boyce and Christopher Lambert will reportedly work with Allworth’s M&A team to develop relationships with RIAs and IBD-affiliated advisors who are seeking to scale their business, expand their service offerings or secure their succession plans by partnering with a national RIA such as Allworth.
Allworth Financial, which has over $10 billion in AUM, and some 12,000 clients nationwide, recently partnered with New York City-based private equity firm Lightyear Capital and the Ontario (Canada) Teachers’ Pension Plan, which acquired the California RIA last October for an undisclosed sum.
Founded in 1993, Allworth specializes in retirement planning, investment advising, tax planning and preparation and estate planning for the mass affluent. Since 2017, it has completed 10 M&A deals, growing client assets from $2.4 billion to approximately $10 billion.