# Allstate Financial Advisors

Allstate Financial Advisors is a RIA based in Lincoln, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Lincoln, United States
- **Region:** North America
- **Address:** Northbrook, IL, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** allstate.com

## Regulatory record

- **CRD number:** 109524
- **SEC file number:** 801-68510
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-30T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/109524

## About

Allstate Financial Advisors, LLC is an SEC-registered investment adviser in Lincoln, NE, registered since 2007. The firm manages approximately $142 million in regulatory assets. It employs 341 staff members.

## Sectors

- Financial Services
- Wealth Management

## People

- Mario Rizzo — President, Allstate Financial Advisors

## Questions

### Who runs investment decisions at Allstate Financial Advisors?

Mario Rizzo has served as president of Allstate Financial Advisors since its founding in 2000, per InvestmentNews reporting. He oversees the advisory network and its product shelf, but individual advisors retain discretion over client portfolios within Allstate's compliance framework.

### How does Allstate Financial Advisors source proprietary deal flow?

The unit does not engage in proprietary deal sourcing. It distributes Allstate's own insurance and annuity products alongside third-party mutual funds and managed accounts. Investment choices are limited to publicly available offerings curated by the firm's product committee.

### Does Allstate Financial Advisors participate in fund commitments or only direct deals?

It does not participate in fund commitments or direct private market deals. The unit focuses on public market securities, mutual funds, separately managed accounts, and insurance-based products for individual clients.

### What investment stages does Allstate Financial Advisors typically target?

As a retail wealth manager, it targets no specific institutional investment stage. Client portfolios are built around income generation and capital preservation for the mass-affluent demographic, often using retirement-date target funds and balanced strategies.

### How is Allstate Financial Advisors related to The Allstate Corporation?

Allstate Financial Advisors is a wholly owned subsidiary of The Allstate Corporation. It operates as a registered investment advisor and broker-dealer under Allstate's corporate structure, separate from the parent's insurance underwriting and Allstate Investments (the general account asset manager).

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Last updated: 2026-06-03T20:00:00.000Z

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