Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, two Indianapolis-based sister firms, have become the 42nd acquisition of national RIA Allworth Financial.
The transaction brings Folsom, Calif.-based Allworth’s total assets under management and administration to more than $30 billion, and the total number of client households it serves to more than 28,000.
Salzinger Sheaff Brock and Sheaff Brock together managed over $1.5 billion. According to a news release from Allworth, they are known for active investment management and high-net-worth clients. The strategic acquisition increases Allworth’s Midwest presence.
“This acquisition represents the next step in our growth as a national destination for clients seeking expert guidance and personalized planning,” Allworth CEO John Bunch said in the release. “I’ve known their team for over two decades, and not only are they one of the most impressive firms I’ve had the pleasure to engage with, but they also embody the kind of talent, philosophy, and client-first mindset that aligns with Allworth’s vision and direction.”
Salzinger Sheaff Brock and Sheaff Brock will be able to offer their clients access to Allworth’s range of services, which include investment management, tax strategy, estate planning, insurance, and retirement services.
“This partnership marks a significant milestone in our journey,” Mark Salzinger, co-founder of Salzinger Sheaff Brock, commented in the release. “Combining our specialized investment strategies with Allworth’s comprehensive wealth management approach creates a powerful platform that will benefit our clients for years to come.”
Founded in 1993 and headquartered in Folsom, Calif., Allworth Financial serves clients in all 50 states through more than 40 offices nationwide.