Sources: $37B Allworth Exploring Majority Stake Sale

Core Viewpoint - Allworth Financial, a registered investment advisor with approximately $36.5 billion in client assets, is exploring a potential sale with its majority owners, Lightyear Capital and the Ontario Teachers' Pension Plan Board [1] Group 1: Sale Process - Allworth and its majority owner have engaged William Blair to lead the sale process [2] - Lightyear Capital and Ontario Teachers' Pension Plan acquired a majority stake in Allworth from Parthenon Capital in 2020, which had previously invested in the firm in 2017 [2] Group 2: Company Growth and Operations - Since acquiring the initial stake, Allworth has completed over 40 acquisitions and expanded to about 40 offices across the United States [3] - Recently, Allworth closed approximately eight offices, with advisors from those locations continuing to work from new sites [3] Group 3: Recent Acquisitions - Last year, Allworth made a significant acquisition of Salzinger Sheaff Brock and Sheaff Brock Investment Advisors, which had combined assets of $1.5 billion, indicating a strategic shift towards larger firms serving high-net-worth clients [4] - Over half of Allworth's clients are categorized as individuals, reflecting a strong presence in the mass affluent market [4] Group 4: Initiatives - Allworth launched the Allworth Women's Collective, aimed at enhancing the growth of its female client base and talent [5] - The initiative will be highlighted on the firm's website to increase awareness of its female talent and specific segments of interest to women, such as divorcees and business owners [5]