Houlihan Lokey Advises FSA Wealth Management

Houlihan Lokey is pleased to announce that its client, FSA Wealth Management (FSA), an independent registered investment advisor, has been acquired by Allworth Financial (Allworth), a national, full-service wealth advisory firm. The transaction closed on December 1, 2025.

Headquartered in Needham, Massachusetts, with $460 million in assets under management, FSA provides clients with sophisticated, integrated financial planning services. Led by Managing Partners Gavin Morrissey, J.D., LL.M., and Simon Heslop, CFA, the acquisition brings six professionals, including five financial advisors, into the Allworth organization. As part of the transition, FSA’s team will relocate to Allworth’s existing office in Waltham, Massachusetts.

With a team of highly experienced advisors who serve long-standing high-net-worth households, FSA enhances Allworth’s up-market capabilities, brings specialized expertise in complex retirement and tax planning, and reinforces a valuable niche within the region’s medical and healthcare communities.

Founded in 1993 and headquartered in Folsom, California, Allworth is a national, full-service registered investment advisory firm with approximately $31 billion in assets under management and administration. Serving clients in all 50 states through more than 40 offices nationwide, Allworth delivers integrated financial planning services, including investment management, tax planning and preparation, estate planning, insurance, and 401(k) management.

This acquisition marks Houlihan Lokey’s second transaction with Allworth and underscores the firm’s deep expertise in the wealth management sector.

Houlihan Lokey acted as the exclusive financial advisor to FSA.

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