Allworth Acquires Stewart & Patten


June 10, 2024

On June 3, 2024, Allworth Financial, L.P. announced the acquisition of Stewart & Patten Company.

Allworth Financial, L.P. (“Allworth”) announced that it acquired Stewart & Patten Company (“Stewart & Patten”). Robert Gentry and Lori Sherman, owners of Stewart & Patten, will join Allworth as partners and advisors. Further terms of the transaction were not disclosed.

Allworth, based in Sacramento, California, is a registered investment advisor providing retirement planning, social security, income planning, and tax optimization services. As of May 2024, Allworth had approximately $19.3 billion in assets under management.

Stewart & Patten, based in San Francisco, is a registered investment advisor and investment manager. Stewart & Patten has approximately $1 billion in assets under management. Berkshire Global Advisors advised Stewart & Patten in the transaction.

To read the press release: please click here.

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