Company Research Report: Allworth Financial
Company Overview
Name and Mission
- Name: Allworth Financial
- Mission: Allworth Financial aims to provide a complete and advanced approach to wealth management. This encompasses providing personalized financial planning and comprehensive services to optimize every aspect of an investor's wealth.
Founding and Key People
- Founded: 1993
- Founders: Scott T. Hanson and Pat McClain
- Key People: Specific key executives beyond the founders are not detailed in the data provided, though it's noted that the company is led by a comprehensive team of financial and operational experts.
Headquarters and Employee Information
- Headquarters: Sacramento, California
- Number of Employees: No information is available
Financial Data
- Revenue: No information is available
- Assets Under Management: Approximately $26 billion as of January 1, 2025
Recognition and Awards
- Ranked 14th in Barron’s Top 100 RIA Firms in 2024
- Historical client retention rate of 97%
- Received the Circle of Excellence and Best in Class Ethics awards from NBRI
Company Specialization
Allworth Financial is known for its unique, client-centric philosophy that offers fiduciary financial guidance tailored to individual needs. Their services range across investments, tax planning, insurance, and estate planning.
Products and Services
Wealth Management Services
Financial Planning
- Description: Offers an all-encompassing approach ensuring the alignment of investments, tax planning, retirement planning, estate, and insurance.
- Key Features: Personalized guidance and planning strategies, with a commitment to fiduciary principles.
Investment Management
- Description: Focuses on proactive, customized investment strategies rather than mere stock picking.
- Key Features: Utilization of sophisticated solutions tailored for optimized wealth management.
Tax Planning
- Description: Employs state-of-the-art tools to craft unified financial and tax strategies.
- Key Features: Strategies designed to maximize client assets and minimize tax liabilities.
Estate Planning
- Description: Provides resources to protect client legacies and ensures full realization of their wishes.
- Key Features: Cutting-edge technology for document drafting and legacy tactics.
Recent Developments
New Features and Offerings
- Introduction of high-net-worth investment hacks revealed in upcoming webinars designed to enhance client wealth strategies.
Recognition
- Achieved high rankings such as:
- Barron’s Top 100 RIA Firms consistently from 2020-2024.
- Noted as one of the Best Places to Work for Financial Advisors by Investment News in 2020 and 2021.
- Recognized as one of USA Today's Best Financial Advisory Firms in 2024.
Partnerships and Mergers
- Hanson McClain Advisors rebranded to Allworth Financial in 2019, marking a significant transformation and growth within the industry.
Contact Information
- Website: [Allworth Financial](https://www.allworthfinancial.com)
- Phone: (800) 482-2196
- Email: [info@allworthfinancial.com](mailto:info@allworthfinancial.com)
Compliance and Regulatory Information
- Advisory Services: Provided by Allworth Financial, a registered investment advisor.
- Securities: Offered through AW Securities, a registered broker-dealer, member FINRA/SIPC.
This report strives to encapsulate the broad aspects of Allworth Financial's operations, offerings, and industry positioning based on the information provided.
