Allworth Financial said Wednesday it has added a three-person team overseeing $417 million in assets under administration in Indianapolis, as well as a pair of advisors managing $160 million in Las Vegas.
The team in Indianapolis, who previously worked at broker-dealer affiliate One To One Financial Advisors, includes Michael Schankerman, Benjamin Abraham and David Klaus.
“The additional services and technologies that moving under the Allworth Financial umbrella will provide to our clients made entering into this partnership an easy decision,” Schankerman said in a statement.
The Las Vegas advisors, Greg Phelps and Jeremy Murray, operate as Redrock Wealth Management. Phelps founded Redrock in 2005 after working at Goldman Sachs, Morgan Stanley and RSM McGladrey.
Allworth is a Folsom, California-based firm with $15 billion in assets under advisement. The transactions are Allworth's second and third this year, following a deal in January, and its 26th and 27th over five years.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
