Allworth Financial Expands East Coast Presence, Partners with George McKelvey Company
The New Jersey-based firm expands Allworth’s presence in the Northeast
Folsom, California, October 8, 2024 – Allworth Financial has announced its acquisition of New Jersey-based George McKelvey Company, providing a significant boost in the firm’s presence in the region. Located in Manasquan, New Jersey, McKelvey has built a reputation for providing comprehensive financial planning and investment management services for high-net-worth clients. This partnership brings Allworth’s total offices to 43 nationwide. Financial terms of the agreement were not disclosed.
George McKelvey Company, equally owned by Robert McKelvey, Robert A. Giunco, Jr., and Richard Looney, manages more than $1.1 billion in assets and was recently rated #5 in CNBC’s top-rated financial advisory firms of 20241. The firm’s team of nine advisors and eight support staff will join Allworth, bringing valuable expertise with them.
“The addition of George McKelvey Company represents an important move in our ongoing mission to provide exceptional financial guidance across the nation,” said Allworth CEO, John Bunch. “Their strong presence in New Jersey and their impressive track record perfectly aligns with our growth objectives and commitment to client service.”
“Partnering with Allworth opens up exciting possibilities for our team and our clients,” said Robert A. Giunco, Jr. “Their resources and client-focused approach will allow us to enhance our service offerings while maintaining the personalized attention our clients expect.”
Park Sutton Advisors, a Waller Helms Company, acted as the exclusive financial advisor to George McKelvey Co. on the transaction.
About Allworth Financial
Founded in 1993 in Sacramento, California, with approximately $22 billion in assets under advisement, clients in all 50 states and with 43 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 Work2 awards and being named to annual lists of the fastest-growing RIAs3.
1CNBC 2024 FA 100; https://www.cnbc.com/2024/10/02/fa-100-cnbc-ranks-the-top-rated-financial-advisory-firms-of-2024.html
2InvestmentNews 2021 Best Place to Work; https://allworthpartners.com/2021-best-places-to-work/
3FA’s 2020 Top 50 Fastest-Growing Firms; https://www.fa-mag.com/news/rias-in-the-time-of-pandemic-56993.html