Republic Capital Group Advises RAA on Sale to Allworth Financial
Transaction Details
Republic Capital Group served as the exclusive advisor to RAA in its acquisition by Allworth Financial. RAA is one of the nation’s largest independent registered investment advisors specializing in the airline community, serving more than 3,200 families and managing approximately $2.8 billion in assets under management across offices in Dallas, Atlanta, and Seattle.
Allworth Financial, formerly known as Hanson McClain Advisors, is a Sacramento and Dallas-based independent wealth management firm backed by private equity partner Parthenon Capital. With the addition of RAA, Allworth’s total assets under management grew to more than $7.5 billion.
has acquired
“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.”
John Bentley — Chief Executive Officer, RAA
Read the Full Announcement
Official press release on Republic Capital Group's advisory role in this transaction.