Allworth Financial, a Folsom, California-based registered investment adviser managing $14 billion, has acquired DeGreen Capital Management, a Paradise Valley, Arizona-based RIA managing $328 million.
Financial terms of the transaction, which marks Allworth’s second in Arizona, were not disclosed.
Previously, Allworth acquired Pathways Financial Partners, a Tucson, Arizona, registered investment adviser managing $158 million.
Founded in 2009, DeGreen is run by the father-and-son team of Keith DeGreen and Sam DeGreen.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
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