Seller Details:
Founded in 1965, Stewart & Patten Company is a Lafayette, CA-based wealth management firm that manages over $1 billion in AUM for its clients, including families, trusts, charitable foundations, retirement plans, estates and corporations.
Buyer Details:
Founded in 1993 in Sacramento, CA, Allworth Financial is an award-winning, full-service RIA that specializes in investment management, tax planning and preparation, estate planning and 401(k) management. Allworth has approximately $22 billion in assets under advisement, clients in all 50 states and 42 offices nationwide.
Transaction Summary:
The partnership will bring two partner-advisors and five support team members to Allworth. The Stewart & Patten team will have access to comprehensive tax, estate planning and financial planning solutions at Allworth while still working with outside professionals, as needed. Principal-owned and operated for multiple generations, Stewart & Patten Company is Allworth’s 35th acquisition.