Allworth Financial has acquired FSA Wealth Management, a Needham, Massachusetts–based fiduciary advisory firm overseeing $460 million in assets, strengthening the firm’s up-market capabilities in one of the nation’s most competitive wealth hubs. The deal brings six professionals, including five financial advisors—into Allworth’s growing Greater Boston operation, with the team set to transition into Allworth’s existing Waltham office.
The acquisition is part of Allworth’s broader push to scale in markets where demand for high-complexity financial planning continues to rise. The firm recently completed its purchase of Shorepoint Capital in October, marking two back-to-back transactions that deepen its presence across the region’s high-net-worth client base and life-sciences economy.
Managing partners Gavin Morrissey and Simon Heslop will continue serving clients and add to Allworth’s advisory depth in tax strategy, estate planning, and complex retirement planning. The firm emphasized that no structural or leadership changes are planned for FSA’s clients, who will gain access to Allworth’s national platform, investment research capabilities, and advanced tax and estate planning resources.
Support: FSA was advised by Houlihan Lokey.
KEY QUOTES:
“Greater Boston continues to be a key market for Allworth, and FSA’s team brings exactly the type of talent and client relationships that strengthen our position there. They’ve built meaningful trust across diverse high-net-worth communities that increasingly require the comprehensive, complex planning Allworth is uniquely positioned to deliver.”
John Bunch, CEO, Allworth Financial
“Allworth has the resources to take care of the tasks that often pull advisors away from what matters most—taking care of clients. By freeing up our time and providing a deep bench of expertise, Allworth allows us to deliver an even higher level of service.”
Gavin Morrissey, Managing Partner, FSA Wealth Management
“From the moment I met John, it was clear that Allworth is led by someone who truly understands the RIA industry and the rising complexity advisors face. We’ve always taken a team-based approach, and Allworth fosters that same spirit of collaboration.”
Simon Heslop, Managing Partner, FSA Wealth Management
