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Announced

Completed

Allworth completed the acquisition of RAA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Majority

Single Bidder

Acquisition

Friendly

Private Equity

Asset Managers and Custodians

investment advisor

United States

Synopsis

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Allworth Financial, formerly known as Hanson McClain Advisors, completed the acquisition of RAA, a financial planning firms specializing in serving the airline community. Financial terms were nor disclosed. The acquisition, which remains subject to standard regulatory approvals, will provide an opportunity for RAA to continue to grow in the airline community as well as expand Allworth’s national presence. “We are excited to join the Allworth team, and are confident that this strategic partnership will provide RAA with the resources to continue to expand our presence in the airline community, enhance technology, and deliver an exceptional experience to our clients. It was clear from the first meeting that Allworth shares our culture, values, and a relentless focus on adding value to their clients’ lives, which made them our ideal partner,” John Bentley, RAA Chief Executive Officer.

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