Allworth Acquires Novak


October 21, 2021

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.

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.