Allworth Financial

What Allworth Financial does

Allworth Financial is a U.S. registered investment advisor (RIA) founded in 1993 and headquartered in Folsom/Sacramento, California. The firm delivers comprehensive wealth management to high-net-worth individuals and families, integrating financial planning, investment management, tax planning, estate planning, and insurance services through a coordinated in-house team of fiduciaries operating on a transparent, fee-based pricing model. It also operates specialized service lines for airline employees, 401(k) plans for employers, and vertical-specific client bases (e.g., dentists through the RG Capital acquisition).

The firm has scaled to approximately $39 billion in assets under management and administration across more than 40 U.S. offices and 31,000+ client households as of June 2026, with a reported 97% client retention rate. Its product surface is primarily human-advisor-led, supported by two long-running radio/podcast properties (Money Matters hosted by co-founders Scott Hanson and Pat McClain; Simply Money hosted by Cincinnati-team advisors) and a national webinar/workshop funnel targeting $2M+ portfolios. The proprietary technology stack is not publicly disclosed; marketing references to "state-of-the-art" tax and estate-planning tools suggest third-party platform consumption rather than internally developed AI/ML systems.

Allworth generates revenue through recurring fee-based advisory engagements, with securities offered through affiliated broker-dealer AW Securities (a dba of Hanson McClain Retirement Network, LLC) and tax preparation services through Allworth Tax Solutions. Growth has been driven primarily through serial acquisitions of small and mid-sized RIA firms — 14+ announced transactions between 2020 and 2026 — underwritten by private equity backing from Lightyear Capital and Ontario Teachers' Pension Plan, with Integrum Holdings joining as a new co-lead investor in April 2026. The investment thesis centers on consolidating the highly fragmented U.S. independent RIA market by combining tuck-in acquisitions with a centralized, multi-discipline advisory platform.

Name

Allworth Financial

Legal name

Allworth Financial, LP

Website

https://allworthfinancial.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Allworth Financial is a Sacramento-based independent registered investment advisor founded in 1993, managing approximately $39B in assets across 40+ U.S. offices for 31,000+ high-net-worth households through integrated financial, tax, estate, and insurance planning on a fee-based model.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)

akta.pro secondary industries

Fee-Only Advisory (FSAEAAAL), Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Wealth management services
• Fiduciary financial planning
• Investment advisory
• Retirement planning
• Tax and estate planning

Headquarters

HQ city

Folsom

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fee-Based Advisory Services: Allworth Financial generates revenue through fee-based advisory services, providing comprehensive wealth management including financial planning, investment management, tax planning, estate planning, and insurance services. The company operates as a registered investment advisor with securities offered through affiliated broker-dealer AW Securities.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Allworth Financial delivers comprehensive fee-based wealth management as a registered investment advisor, integrating financial planning, investment management, tax planning, estate planning, and insurance services through on-staff fiduciary specialists. The firm also provides 401(k) plan management for employers and specialized financial planning for airline industry employees, with securities offered through affiliated broker-dealer AW Securities.

Product overview

Allworth Financial operates as a comprehensive wealth management platform offering an integrated suite of financial services. The core offering consists of five interconnected services: Financial Planning (the umbrella service that coordinates all aspects), Investment Management, Tax Planning, Estate Planning, and Insurance Services—all delivered by on-staff fiduciaries working collaboratively. Additionally, the firm provides specialized 401(k) management for employers and dedicated services for airline employees. The company extends its reach through two podcast programs: Money Matters (hosted by co-founders Scott Hanson and Pat McClain) and Simply Money (featuring advisors Bob Sponseller and Brian James), which serve as educational content channels supporting the core advisory services.

Differentiator

Problem solved

Functional benefit

Brands

• Money Matters Podcast: Weekly call-in financial program hosted by co-founders Scott Hanson and Pat McClain, one of the longest-running financial talk radio programs in the country.
• Simply Money Podcast

Products and services

• Financial Planning Fiduciary financial planning service that aligns all aspects of a client's financial life—including investments, tax planning, retirement planning, estate, and insurance—into a unified strategy. Delivered by on-staff advisors to individuals and families.
• Investment Management Proactive and customized investment management service leveraging a suite of sophisticated solutions to optimize wealth, focused on strategic asset allocation rather than stock picking. Provided to individual and family clients of the firm.
• Tax Planning Coordinated tax planning service using state-of-the-art tools to ensure financial and tax strategies work in unison to minimize tax liability and maximize wealth retention for clients.
• Estate Planning Estate planning service using cutting-edge technology to analyze current plans, identify legacy-preserving tactics, and assist with critical document drafting to ensure client wishes are fully realized.
• Insurance Services On-staff insurance planning expertise integrated with overall wealth management to provide comprehensive risk coverage analysis as part of the coordinated financial planning approach.
• 401(k) For Employers Retirement plan management service for businesses offering comprehensive 401(k) administration and employee retirement planning support.
• Financial Planning for Airline Employees Specialized financial planning and wealth management services tailored specifically for airline industry employees, addressing their unique retirement and financial planning needs including pension and benefits considerations.

Quantifiable outcome

• 97% client loyalty/retention rate
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Creative Planning: One of the largest independent RIAs in the U.S. offering comprehensive fee-based wealth management, financial planning, tax, and estate services. Closely comparable to Allworth in business model, integrated service offering, and aggressive acquisition strategy.
• Mariner Wealth Advisors: Large national RIA consolidator providing comprehensive wealth advisory, tax, estate, and retirement plan services with significant AUM. Directly comparable in target client, integrated service stack, and M&A-driven growth model.
• Wealth Enhancement Group: Independent RIA platform built through aggressive acquisitions of small and mid-sized advisory firms, serving mass-affluent and HNW clients. Closely comparable acquisition-led growth playbook and fee-based model.
• Focus Financial Partners: Wealth management partnership platform supporting a network of independent RIAs; operates a roll-up model similar to Allworth but at materially larger scale and with public-company transparency.
• Carson Group: Independent wealth management firm serving financial advisors and their clients with coaching, technology, and back-office support; competing for the same advisor-talent and acquisition pipeline as Allworth.

Broad incumbents

• Cetera Financial Group: Large multi-channel wealth management firm supporting thousands of advisors across independent and employee channels; broader product and platform offerings but overlapping HNW client base.
• Edelman Financial Engines: Large national RIA combining advisor-led wealth management with workplace retirement-plan services. Comparable in scale and integrated retirement advisory, but with stronger employer-channel orientation.
• LPL Financial: Largest independent broker-dealer in the U.S. supporting thousands of RIAs and financial advisors. Broader platform scope but serves many of the same advisor firms and HNW client segments as Allworth.

Emerging players

• Kestra Financial: Independent wealth management platform built via roll-up of advisory firms and broker-dealers. Comparable acquisition-driven model and advisor-centric culture, but smaller and earlier-stage than Allworth.
• CAPTRUST: Independent RIA specializing in investment advisory, retirement plan consulting, and wealth management. Comparable integrated advisory model with a stronger institutional retirement-plan tilt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/allworth
• Xx.com/AllworthRetire
• Facebookfacebook.com/AllworthFinancial

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries16 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A34 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allworth Financial