Grand Rapids’ Blueprint Financial, an investment firm that manages about $80 million in client assets, has been acquired by California’s Allworth Financial. Terms of the agreement were not disclosed.
“We wanted to find the right partner to help us best serve our existing clients while enabling us to grow faster than we could otherwise,” says Denis York, co-founder of Blueprint. “We selected Allworth because they have a strong history of organic growth and expertise in the financial planning sector.”
Allworth has added more than $1.1 billion in assets in a little over a year through the acquisition of four firms and now has total assets under management of more than $4 billion.
“We’ve been looking for firms to partner with for a little over a year now, and we’re proud that our business model and approach to financial planning is resonating,” says Pat McClain, co-founder of Allworth. “Blueprint and its team are known for serving their clients exceptionally well, and we are looking forward to making additional investments to help them grow and meet with more clients.”
Blueprint specializes in portfolio and retirement planning for individuals and families in the Grand Rapids metropolitan area. Allworth is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management.
