Shorepoint Capital Partners LLC, a registered investment advisor based in Massachusetts, has been acquired by Allworth Financial, a full-service, award-winning national RIA. Shorepoint brings more than $850 million in client assets under management to Allworth.
Shorepoint has been recognized for its fiduciary principles, highly personalized financial planning and model-based investment approach of individual equities, bonds and alternative investments. Since its launch in 2009, the firm has put clients first, forming strong connections and offering customized solutions.
The partnership brings 10 Shorepoint team members, including four advisors and six support staff, to Allworth. Co-founders Tim Vanech and Luis Raposo will continue their leadership roles at Allworth.
Warner served as legal counsel to Shorepoint, representing the company in the negotiation and documentation of the transaction.
“For Shorepoint, the partnership represents a natural extension of the values on which our firm was founded," Vanech explained. “From the start, it was clear Allworth shares our vision of making life simpler and less stressful for clients.
“That was true of our legal team at Warner, too. We appreciate all Warner did to guide us through the complexities of this process, ensuring we complied with all applicable regulations. We had full confidence in the legal counsel we received.”
The Warner transaction team was led by Linda Paullin-Hebden and John Muhs and included DeAndre’ Harris and Lauren Moine.
Hue Partners served as the exclusive financial advisor to Shorepoint.
Warner’s Mergers and Acquisitions (M&A) Practice Group
As part of one of the largest and most successful law firms in Michigan, Warner’s M&A Practice Group draws upon more than 90 years of experience to successfully and efficiently handle a wide range of M&A transactions for both private and publicly traded businesses, including mergers, acquisitions, divestitures, joint ventures and strategic business combinations of all types.
Warner’s Funds and Investments Industry Group
As the only firm in the state of Michigan focused on the unique legal and compliance needs of investment advisers and broker-dealers, Warner regularly represents investment advisers in all their legal needs from guiding clients through the regulatory process to supporting our clients in acquisition or divestiture. Warner’s unique knowledge of the investment adviser industry ensures that Warner attorneys will safely steer you through every aspect of the investment adviser regulatory or transactional landscape.
