Allworth Financial

About

Allworth Financial, formerly known as Hanson McClain Advisors, is an independent wealth management firm founded in 1993 by Scott Hanson and Pat McClain. Headquartered in Folsom, California, the company has grown significantly, managing approximately $22 billion in assets under advisement and serving clients across all 50 states through over 40 offices nationwide as of June 2024. Allworth Financial specializes in providing comprehensive financial planning and investment management services. Their offerings include retirement planning, investment advising, tax planning and preparation, estate planning, and 401(k) management. The firm operates on a fee-based model and emphasizes a client-centric, fiduciary approach, meaning they are legally obligated to act in their clients' best interests. The company's mission is to deliver straightforward and personalized financial guidance to help individuals and families achieve their financial goals and prepare for retirement. Allworth Financial has a history of growth through both organic means and strategic acquisitions, having completed numerous mergers with other advisory firms to expand its reach and service capabilities. This growth strategy has been supported by partnerships with private equity firms, including Parthenon Capital Partners and, more recently, Lightyear Capital and the Ontario Teachers' Pension Plan. Allworth Financial is recognized for its educational approach, which includes a long-running financial topic radio show and podcast called "Money Matters," hosted by its co-founders. The firm has received accolades for its client and employee satisfaction, including the NBRI Circle of Excellence Award. They are committed to providing a comprehensive suite of financial services under one roof, leveraging industry-leading tools and resources to optimize client wealth.