Allworth Financial has acquired High Falls Advisors, Inc., a New York-based wealth management firm, for an undisclosed amount. The transaction brings High Falls Advisors’ client assets and advisory team under the Allworth umbrella, expanding the acquirer’s footprint in the northeastern United States.
High Falls Advisors, founded in 2008, provides financial guidance to individuals and families, with services spanning retirement planning, tax preparation, portfolio management, employee benefits counseling, and estate management. Allworth Financial, a larger registered investment advisor, operates a national platform that supports independent advisors with back-office infrastructure, compliance, and investment resources. The acquisition aligns with Allworth’s ongoing strategy of partnering with established advisory firms to grow its scale and geographic reach.
For High Falls Advisors, the deal offers its clients access to a broader suite of resources and technology, while its advisors gain the operational support of a larger organization. For Allworth, the acquisition adds a seasoned team with deep local relationships in the Hudson Valley region, strengthening its presence in a market where it previously had limited direct coverage. The transaction is expected to be immediately accretive to Allworth’s revenue base, though specific financial terms were not disclosed.
The combined entity will continue to operate under the Allworth brand, with High Falls Advisors’ staff remaining in place to preserve client continuity. The integration process is slated to begin in the coming months, focusing on migrating client accounts and aligning service models. As the wealth management industry consolidates, this deal reflects a broader trend of regional firms seeking scale through acquisition, and the new structure positions both teams to compete more effectively for mid-market clients seeking comprehensive financial planning.