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Deals Of The Day: The Latest In Wealth Management M&A – Allworth, Grunden

Editorial Staff

22 January 2026

Allworth Financial 
Allworth Financial, a Folsom, California-based RIA, has acquired Grunden Financial Advisory, which is based in Denton, Texas, for an undisclosed sum. The acquired firm oversees $500 million in AuM.

As a result of the move Allworth, with offices in Denton and Addison, has deepened its North Texas presence.

Grunden was founded 25 years ago. Its six-person team, including three partner advisors Ricky Grunden, Sr, Dave Ragan, and Susy Thomas, will continue in their existing roles. 

Hue Partners, a mergers and acquisition advisory business, advised Grunden on the deal.