Jun 17, 2024

Allworth Financial Adds 18th California Location, Partners with $220m Del Monte Group

The Bay Area firm represents Allworth’s 36th acquisition since 2018.

Folsom, California, June 18, 2024 – Allworth Financial has acquired Northern California-based Del Monte Group, bringing the firm to 18 California locations and 42 offices nationwide. Financial terms of the agreement were not disclosed.

Founded in 1992 by Richard and Ingrid Del Monte, the group manages over $220 million in AUM. Richard, along with one other advisor and 2 support personnel will be transitioning over to Allworth.

“I’ve had the opportunity to know Allworth Co-founders Pat McClain and Scott Hanson for over 30 years,” said Richard Del Monte. “The values they hold and the way they treat their clients is in complete alignment with how I’ve built my business. There was no one else I would have considered partnering with.”

“I got to know Richard when I first started in this industry in the early 1990s,” noted Allworth Co-founder, Scott Hanson. “He was an advocate for a financial planning-based approach and helped shape my early views of the importance of being a fiduciary. When we started on our mission to find like-minded firms to join Allworth, Del Monte Group was one of the first we thought of. He and his firm embody everything we look for in a partner.”

Del Monte group is Allworth’s fifth acquisition of the year and second in the last 30 days following their acquisition of $1B Stewart and Patten Company.

About Allworth Financial

Founded in 1993 in Sacramento, California, with approximately $22 billion in assets under advisement, clients in all 50 states, and with 42 offices nationwide, Allworth is an award-winning, full-service RIA that specializes in investment management, tax planning and preparation, estate planning, and 401(k) management. With its direct and educational approach to advising, Allworth delivers short- and long-term financial guidance to help clients achieve their goals and strategically prepare for retirement. The firm has consistently been recognized throughout the financial services industry, winning multiple Best Places to Work awards1 and being named to annual lists of the fastest growing RIAs2.

1Investment News 2021 Best Place to work Winner. https://allworthpartners.com/2021-best-places-to-work/
FA’s Top 50 Fastest-Growing Firms 2020; https://www.fa-mag.com/news/rias-in-the-time-of-pandemic-56993.html