Allworth Acquires Shone

April 15, 2021

On April 13, 2021, Allworth Financial Group, L.P. announced it had acquired Shone Wealth Management.

Under the terms of the agreement, Allworth Financial Group, L.P. (“Allworth”) acquired Shone Wealth Management (“Shone”). Terms of the agreement were not disclosed.

Allworth, based in California, is an independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. Allworth has approximately $11 billion in assets under management.

Shone, based in Walnut Creek, California, provides financial planning advices for individuals, families, professionals, and entrepreneurs. Shone has approximately $340 million in assets under management and serves approximately 300 client households.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions