On September 1, 2021, Allworth Financial Group, L.P. announced that it had acquired Novak Financial Planning.
Under the terms of the transaction, Allworth Financial Group, L.P. (“Allworth”) acquired Novak Financial Planning (“Novak”). Further terms of the agreement were not disclosed.
Allworth, based in California, is an independent investment financial advisory firm that specializes in investment advising, retirement planning, tax planning and preparation, estate planning, and 401(k) management. Allworth has approximately $13 billion in assets under management.
Novak, based in Maryland, provides retirement planning and client-focused investment management advice. Novak has approximately $367 million in assets under management.
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