Scott Hanson, Co-Founder and Senior Partner, Allworth Financial met with Julie Cooling, Founder & CEO, RIA Channel to discuss the importance of long-term financial planning and his firm’s path to growth.
Allworth Financial is a comprehensive wealth management firm based in Sacramento, California. The fee-only shop emphasizes education-driven financial planning and serves over 10,000 clients across the United States.
Allworth ranks #14 on RIA Channel’s Top 100 ETF Power User List, and currently manages roughly $8 billion in client assets and $2.7 billion in ETF assets.
In 2018 Hanson McClain Advisors, co-founded by Hanson and Pat McClain, announced a major merger with Cincinnati-based firm, Simply Money Advisors. The two client-centric retirement planning firms came together with the vision of establishing a national brand. After the transaction, the newly merged Hanson McClain managed about $3.3 billion in assets.
Today the rebranded firm, now known as Allworth Financial has expanded into more than 17 new markets and manages roughly $8 billion in assets. Emphasizing goals-based planning and continuous education, the firm’s direct and honest approach to financial planning continues to resonate with many across the country. In addition to financial / retirement planning, Allworth’s capabilities include accounting, estate planning, 401k for employers, investment management as well as a media arm dedicated to a weekly series of educational podcasts and workshops.
Under Hanson’s leadership and direction, Allworth has seen explosive growth and shows no signs of slowing down. Hanson and McClain launched Liberty Reverse Mortgage in 2004, which was later acquired by a fortune 500 company, and now is the largest reverse mortgage company in the country. Hanson hosts one of the longest running financial radio shows, Money Matters and has been known as an industry expert for more than 20 years.
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