Banking & Finance and Small Business & Startups

Co-founders sell investment firm

May 9, 2019
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Blueprint Financial office entrance
The entrance to Blueprint Financial's office. Courtesy Allworth Financial

The co-founders of an investment firm in the area have sold their business to a national investment advisory company.

Co-founders Dean Baumgartner and Denis York sold Grandville-based Blueprint Financial to Sacramento, California-based Allworth Financial, according to Blueprint Financial yesterday.

Blueprint was founded in 2003 and serves clients in metro Grand Rapids.

Terms of the deal were not disclosed.

Allworth is keeping Blueprint’s existing location in Grandville, at 4320 44th St. SW, which will transition to the Allworth name and signage.

Baumgartner and York will be staying on with Allsworth as financial advisors, and the other staff at the location will be retained as well.

“We are very excited for this new era,” Baumgartner said. “We are continually looking for ways to better serve our clients. The added services and technology we will now be able to provide to our clients made this an easy decision.”

Pat McClain, co-founder of Allworth, said the acquisition will help the co-founders meet their growth plans.

“Dean and Denis are tremendous people, and they’ve built a firm known for serving their clients exceptionally well,” McClain said. “We are looking forward to making additional investments to help them grow and meet more of their clients’ needs.”

The firm will now be able to offer Allworth’s “expertise and resources” around retirement planning and investment management services.

Allworth also offers tax and estate planning services, which will soon become part of the former Blueprint’s offerings.

Allworth 

Founded in 1993, Allworth Financial serves 7,000 clients nationwide.

It currently has $4 billion in assets under management.

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