Allworth Acquires McDaniel Knutson Financial

INVESTMENT MANAGEMENT DEALS BLOG

May 17, 2023

On April 26, 2023, Allworth Financial, L.P. announced the acquisition of McDaniel Knutson Financial Partners.

Under the terms of the agreement, Allworth Financial, L.P. (“Allworth”) has acquired McDaniel Knutson Financial Partners (“MKFP”). Financial terms were not disclosed.

Allworth, based in Sacramento California, is a registered investment advisor with 30 offices nationwide and approximately $15 billion in assets under advisement.

MKFP is a financial advisory firm based in Lawrence, Kansas. MKFP has $506 million in client assets under management.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.