Lightyear Capital and Ontario Teachers' Pension Plan are set to acquire Allworth Financial, a growing independent investment advisory firm, to enhance its national footprint and capabilities in wealth management.

Target Company Overview

Allworth Financial, headquartered in Sacramento, California, is a full-service independent investment and financial advisory firm specializing in a range of services including retirement planning, investment advising, tax planning and preparation, and estate planning for the mass affluent demographic. Established in 1993, Allworth has rapidly developed into one of the fastest-growing Registered Investment Advisors in the United States, significantly increasing its assets under management from $2.4 billion to around $10 billion since 2017. The firm has also executed ten strategic acquisitions and has earned accolades from prestigious publications like Barron’s and the Financial Times.

Industry Overview in the United States

The U.S. financial services industry is one of the largest in the world, characterized by continuous growth and innovation. The market comprises various sectors, including investment management, banking, insurance, and financial advisory services. This diversity enables firms like Allworth to adapt and thrive amid changing consumer demands and economic conditions.

With an aging population increasingly seeking retirement solutions, the wealth management sector is witnessing heightened demand for professional financial guida