Allworth Financial reaches $8 billion in assets with Houston acquisition

Fast-growing Allworth Financial has completed its eighth acquisition, a Houston-based investment advisory firm with $450 million in assets. The merger brings Sacramento-based Allworth to $8 billion in assets under management and adds the 13 employees of Houston Asset Management to the Allworth team. Allworth Co-CEO Scott Hanson declined to disclose the value of the transaction. “We are excited to join the Allworth team, a company we are aligned with on every level,” said Bob Frater, CEO of…