Allworth Financial announced it has acquired Northern California-based Del Monte Group – which brings the firm to 18 California locations and 42 offices nationwide. The financial terms of the agreement were not disclosed.
Launched in 1992 by Richard and Ingrid Del Monte, the group manages over $220 million in AUM. Richard, along with one other advisor and 2 support personnel will be transitioning to Allworth.
Del Monte group is Allworth’s fifth acquisition of the year and the second in the last 30 days following their acquisition of $1 billion Stewart and Patten Company.
Founded in 1993 in Sacramento, California, with about $22 billion in assets under advisement, clients in all 50 states, and with 42 offices nationwide, Allworth is a full-service RIA that specializes in investment management, tax planning and preparation, estate planning, and 401(k) management. And with its direct and educational approach to advising, Allworth delivers short- and long-term financial guidance to help clients achieve their goals and strategically prepare for retirement.
KEY QUOTES:
“I’ve had the opportunity to know Allworth Co-founders Pat McClain and Scott Hanson for over 30 years. The values they hold and the way they treat their clients is in complete alignment with how I’ve built my business. There was no one else I would have considered partnering with.”
– Richard Del Monte
“I got to know Richard when I first started in this industry in the early 1990s. He was an advocate for a financial planning-based approach and helped shape my early views of the importance of being a fiduciary. When we started on our mission to find like-minded firms to join Allworth, Del Monte Group was one of the first we thought of. He and his firm embody everything we look for in a partner.”
– Allworth Co-founder, Scott Hanson
