Allworth Financial announced the acquisition of City Fiduciary Group, a tax planning and wealth management firm. And this partnership enhances Allworth’s presence in the Pacific Northwest and further augments its in-house tax expertise.
City Fiduciary Group brings to Allworth about $839 million in assets under management and a team of 31 professionals in investment advisory and tax services. This is Allworth’s seventh acquisition this year and its 38th since 2018.
Originally founded in 1993 in Sacramento, California, with nearly $25 billion in assets under advisement (inclusive of assets acquired in this transaction), clients in all 50 states, and with 43 offices nationwide, Allworth is a full-service RIA that specializes in investment management, tax planning and preparation, estate planning, and 401(k) management.
Through 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:
“The demand from our clients for comprehensive financial and tax planning continues to grow and this is an exciting partnership that will help us meet that demand. City Fiduciary Group’s expertise and deep roots in the Pacific Northwest make this a very exciting partnership for us.”
– Allworth CEO John Bunch
“We’ve built our firm on the principle of providing holistic financial guidance. Allworth’s approach and culture make them an ideal partner to help us continue that mission on a larger scale. Their breadth of services and national footprint will enable us to better serve our clients, while maintaining the personalized touch they’ve come to expect.”
– Scott Lowe, managing partner of City Fiduciary Group
