Allworth Financial lands new backer in third funding round
What's the deal? Allworth Financial, a registered investment adviser, has closed its third funding round with new investor Integrum HoldingsDealroom has a profile for this one. Try Dealroom → joining the cap table. The deal marks a continued push by the wealth management firm to attract institutional capital as it scales.
Why now? The wealth management industry is in the midst of a consolidation wave, with private equity and institutional investors pouring money into registered investment advisers. Allworth's ability to secure a third round of funding signals sustained investor appetite for fee-based advisory firms that can serve as platforms for further acquisitions and organic growth.
The signal: Integrum Holdings, classified as an investment fund on Dealroom, joining as a new backer in Allworth's third round underscores how dedicated financial sponsors are cycling into the RIA consolidation trade at later stages — not just at entry. The willingness of fresh capital to come in alongside existing investors suggests that platform-style wealth management roll-ups continue to command premium valuations even as deal counts across the sector multiply.
Read more: thinkadvisor.com
