Allworth Financial has acquired Brennan Asset Management, a registered investment advisor based in Redding, California.
Robert Brennan, the founder and CEO of Brennan Asset Management, expressed his desire to focus more on client service by reducing his operational duties through this partnership. The acquisition adds $300 million in assets to Allworth Financial's portfolio.
Allworth Financial, recognized as one of America's rapidly expanding registered investment advisors (RIAs), has secured its third partnership in 2024 with this acquisition. This acquisition marks Allworth's 34th overall and expands its presence in California with its 16th office.
Despite the significance of the deal, the financial terms were not made public.
To view the press release, click here.
