Allworth Financial, a leading national registered investment advisor (RIA), has recently announced its acquisition of Shorepoint Capital Partners. This acquisition allows Allworth to enhance its service offerings and expand its asset management capabilities. Shorepoint, located in Norwood, Massachusetts, manages approximately $850 million in assets. The partnership will bring together a dedicated team of 10 professionals from Shorepoint, which includes four experienced financial advisors and six essential support staff members.
Tim Vanech and Luis Raposo, the co-founders of Shorepoint, will play crucial roles in Allworth following the acquisition. Both Vanech and Raposo are Chartered Financial Analysts (CFA) and serve as Chief Investment Officers. Their extensive expertise in investment management is expected to strengthen Allworth’s national advisory platform, providing valuable insights into investment strategies and improving client services.
To facilitate a smooth transition, Allworth employs a unique integration model that allows newly acquired advisors to blend into its platform seamlessly. This model provides immediate access to a comprehensive suite of resources designed to support financial advisors. Among these resources are advanced AI-powered financial planning tools that help advisors create tailored strategies for their clients. Allworth also offers an extensive multi-channel lead generation engine, which helps attract and retain clients.
Centralized compliance and operational support help streamline processes, allowing advisors to focus more time on building and maintaining client relationships. Innovative marketing programs are also available to enhance advisor visibility and outreach, ensuring they reach a wider audience. This level of support empowers advisors to concentrate on delivering sophisticated financial solutions, particularly to ultra-high-net-worth (UHNW) individuals.
Advisors at Shorepoint will not only benefit from improved tools and resources but also have the opportunity to pursue leadership roles and participate in professional development programs. These opportunities can further their careers within Allworth, fostering an environment of growth and advancement.
Shorepoint Capital has built its reputation since its founding in 2009 on the principles of fiduciary responsibility and a commitment to personalized financial planning. Its investment strategy encompasses a diverse range of options, including individual equities, bonds, and alternative investments, catering to the varied needs of clients.
The combined expertise of Shorepoint and Allworth is set to enhance the range of alternative investment options available to UHNW clients. Advisors will benefit from innovative strategies that help achieve superior outcomes for their clients. Additionally, Shorepoint has established a solid collaboration with a regional law firm that offers trustee services, showcasing its dedication to providing comprehensive solutions.
Shorepoint clients can expect an expanded array of benefits following this acquisition. In addition to improved investment strategies, they will gain access to Allworth’s integrated planning experience, designed to create a cohesive and streamlined financial advisory process. To ensure client satisfaction, Allworth has a dedicated client experience team focused on engagement and feedback, which will further enrich the advisory relationship.
With the acquisition of Shorepoint, Allworth Financial has reached a remarkable milestone, surpassing $31 billion in assets under management. This achievement not only cements its position as a leader in the financial advisory sector but also reinforces the firm’s commitment to expanding its influence in key regional markets, especially in the Northeast.
Advisors: Shorepoint was represented by Emily Blue and Ryan Halls of Hue Partners, a new advisory firm dedicated to humanizing M&A advice.
KEY QUOTES:
“This acquisition is a milestone for Allworth as we cement a presence in the Boston market and continue scaling our sophisticated platform to meet the needs of high-net-worth (HNW) and ultra-high-net-worth clients (UHNW). Tim, Luis, and their team bring both deep institutional investment expertise and a client-first ethos that aligns seamlessly with Allworth’s culture. Together, we’re building the next-generation wealth management firm: one that elevates advisors, enhances client outcomes, and leads the industry in thoughtful integration.”
John Bunch, CEO of Allworth
“For Shorepoint, the partnership represents a natural extension of the values on which our firm was founded. From the start, it was clear that Allworth shares our vision of making life simpler and less stressful for clients, giving them the confidence and freedom to live more meaningful lives on their own terms. Joining Allworth ensures continuity for both our employees and clients, while opening the door to new growth opportunities, enhanced resources, and career development for our team. We are excited to deepen our impact in the Boston and Rhode Island markets as part of a national firm that shares our values.”
Tim Vanech, Co-Founder and Managing Director of Shorepoint
“Shorepoint has always been about more than managing wealth. We help clients create peace of mind and focus on what matters most to them. By partnering with Allworth, we can broaden our investment platform, including our private equity and private real estate strategies, while giving clients access to the firm’s broader planning, tax, and estate resources. It’s a powerful combination that enhances our capabilities and strengthens the value we deliver.”
Luis Raposo, CFA, Co-Founder and Chief Investment Officer of Shorepoint
