Hanson McClain

What Hanson McClain does

Allworth Financial, the operating brand of Hanson McClain Retirement Network, LLC, is a privately held U.S. SEC Registered Investment Advisory Firm founded in 1993 and headquartered in Sacramento, California. The firm provides fee-based fiduciary wealth management serving approximately 31,000 client households with about $39 billion in assets under management and administration as of June 2026, with a reported 97% client retention rate. Its service model is organized around an integrated planning relationship that bundles financial planning, investment management, tax planning, estate planning, and insurance into a single advisory engagement, with specialized offerings for high-net-worth individuals (typically $5M+ investable assets) and a dedicated Allworth Airline Advisors sub-brand serving employees and pilots of eight major airlines.

The firm's product and platform architecture rests on proprietary advanced planning tools that enable stress-testing, scenario analysis, and comprehensive portfolio modeling for complex wealth situations, supported by integrations with custodian partners (Fidelity Institutional Wealth Services, Charles Schwab) and a range of annuity and 529 platforms (Black Diamond, MetLife, SunAmerica, TransAmerica, ScholarShare). Underneath the Allworth Financial brand sit wholly-owned operating subsidiaries that form the service stack: AW Securities (a FINRA/SIPC registered broker-dealer licensed in all 50 states), Allworth Tax Solutions (tax planning and preparation), HMRN Insurance Agency (insurance services), and Allworth Airline Advisors (specialized financial planning for airline personnel). The firm also offers 401(k) advisory services to employer plan sponsors as an extension of the wealth platform.

Revenue is generated primarily through recurring advisory fees on AUM, supplemented by securities transaction activity through AW Securities and insurance economics through HMRN Insurance Agency. Advisors are compensated via base salary plus incentive rather than direct commissions, and the firm explicitly markets a no-quota, no-product-sales structure. Distribution is direct-to-consumer via advisor consultations (online scheduling through OnceHub, a national call center) supplemented by content-led top-of-funnel marketing through the Money Matters Podcast, educational webinars, blog content, and email newsletters. The firm has no disclosed outside private equity or venture backing and has historically grown organically.

Name

Hanson McClain

Legal name

Allworth Financial

Website

https://hansonmcclain.com

Company type

Private

Founded year

1993

Operating status

Operating

Short description

Allworth Financial is a fee-based SEC Registered Investment Advisor serving ~31,000 client households with ~$39B AUM, delivering integrated financial planning, investment, tax, estate, and insurance services to high-net-worth individuals and airline employees across the United States.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Funds, Trusts, and Other Financial Vehicles (525), Trusts, Estates, and Agency Accounts (52592)

SIC

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

akta.pro primary industry

Comprehensive Financial Planning (FSAEAAAA)

akta.pro secondary industries

Fee-Only Advisory (FSAEAAAL), Business Owner & Executive Financial Planning (FSAEAAAO), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

Keywords

• Wealth management services
• Financial planning advisory
• Investment management services
• Tax planning services
• Estate planning services

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Advisory Fees: Fee-based advisory services provided through Allworth Financial, an SEC Registered Investment Advisory Firm. Pricing is transparent with no products to sell or quotas.
2. Securities Trading: Securities offered through AW Securities, a Registered Broker-Dealer, member FINRA/SIPC. The firm is compensated through base salary plus incentive program, not directly by commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hanson McClain (DBA Allworth Financial) provides fee-based fiduciary wealth management, financial planning, investment management, tax planning, estate planning, and insurance advisory services to individuals through dedicated fiduciary advisors. The firm also offers specialized financial planning for airline employees via its Allworth Airline Advisors division, and conducts securities transactions through its affiliated broker-dealer AW Securities.

Product overview

Allworth Financial operates as a unified wealth management platform offering integrated financial services. The core offering combines Financial Planning, Investment Management, Tax Planning, Estate Planning, and Insurance Services within a single advisory relationship. The company also operates Allworth Airline Advisors as a specialized sub-brand serving airline employees with tailored benefits guidance, and maintains affiliated entities including Allworth Tax Solutions for tax services and AW Securities for broker-dealer services. The Allworth Advantage philosophy emphasizes comprehensive, fiduciary-based wealth management delivered through an integrated team approach.

Differentiator

Problem solved

Functional benefit

Brands

• Allworth Airline Advisors: Specialized financial planning division serving the airline community including pilots and flight attendants, offering airline-specific benefits guidance, 401(k) management, and survivor assistance services
• Allworth Tax Solutions
• AW Securities

Products and services

• Wealth Management Comprehensive wealth management service providing integrated financial planning, investment management, tax planning, estate planning, and insurance services through a single fiduciary advisory relationship for individuals and families.
• Financial Planning Personalized fiduciary financial guidance and planning strategies that align investments, tax planning, retirement planning, estate, and insurance into a unified financial plan for individual clients.
• Investment Management Proactive and customized investment planning service utilizing sophisticated solutions to optimize wealth, providing access to advanced investment strategies and portfolio optimization for individual investors.
• Tax Planning Coordinated tax planning service utilizing state-of-the-art tools to ensure financial and tax strategies work in unison to minimize tax obligations and maximize savings for clients.
• Estate Planning Estate planning service using cutting-edge technology to analyze current plans, identify overlooked legacy-preserving tactics, and assist with critical document drafting to ensure client wishes are fully realized.
• Insurance Services Insurance audit and analysis service designed to identify over- or under-exposure to risk in existing policies and coverage for individual clients.
• 401(k) For Employers 401(k) management and advisory services for businesses, providing employers with retirement plan solutions and employee benefit management.
• Allworth Airline Advisors Specialized financial planning division serving the airline community, offering services tailored to employees of Alaska, American, Delta, FedEx, JetBlue, Southwest, Spirit, and United airlines.
• Airline Benefits Guidance Expert guidance on airline-specific, union-specific, and military-specific plans and packages, helping airline employees maximize their available benefits.
• Survivor & Incapacitation Assistance Specialized crisis support team including advisors available to support families through loss of a loved one or incapacitation events within the airline community.
• Allworth Tax Solutions Tax planning and preparation services provided by Allworth Tax Solutions, an affiliate of Allworth Financial, offering coordinated tax services to clients.
• AW Securities Registered Broker-Dealer offering securities services to clients, member FINRA/SIPC, with securities licensing across 50 U.S. states.

Quantifiable outcome

• 97% client retention rate
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Fidelity Institutional Wealth ServicescoreTechnology or IntegrationCustodian partner for client accounts. Allworth Financial works with Fidelity for custody of client assets and provides contact number (866) 658-2299 for client access during business disruptions.
• Charles SchwabcoreTechnology or IntegrationCustodian partner for client accounts. Allworth Financial works with Charles Schwab for custody of client assets and provides contact number (877) 707-1961 for client access during business disruptions.
• AW SecuritiescoreOthersAW Securities is the affiliated registered broker-dealer, member FINRA/SIPC, through which securities are offered. Securities licensed in 50 states.
• Allworth Tax SolutionscoreOthersAffiliate providing tax services. Tax services are provided by Allworth Tax Solutions, an affiliate of Allworth Financial.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mercer Advisors: Fee-only RIA delivering integrated financial planning, investment management, tax, and estate services to HNW households across the U.S.
• Focus Financial Partners: RIA aggregator partnering with fiduciary wealth management firms; provides a comparable acquisition/partnership pathway and benchmarks private-market RIA valuations.
• Mariner Wealth Advisors: National fee-based RIA providing comprehensive wealth planning, tax, and estate services to HNW clients; comparable scale and integrated-service model.
• Fisher Investments: Large fee-based investment management firm serving HNW and institutional clients; comparable asset-gathering engine and fee-based revenue model.
• Hightower Advisors: Wealth management firm serving HNW clients with comprehensive planning and investment solutions; comparable target customer and integrated-service positioning.
• Edelman Financial Engines: Large national fee-based RIA offering financial planning and investment management to a broad HNW and mass-affluent client base; comparable fiduciary model.
• Carson Group: Wealth management firm serving advisors and HNW clients with financial planning, coaching, and investment solutions; comparable integrated RIA platform.
• Creative Planning: Large U.S. fee-only RIA serving HNW households with comprehensive financial planning, tax, estate, and investment management — directly comparable business model to Allworth Financial.

Broad incumbents

• LPL Financial: Largest U.S. independent broker-dealer supporting thousands of advisors; broadly comparable as a scaled wealth-management infrastructure player, though much larger and less specialized.
• Charles Schwab Wealth Advisory: Custodian-affiliated advisory services arm; overlaps with Allworth's RIA business at a much larger scale and serves as both competitor and custodian partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/allworthf
• YouTubeyoutube.com/@AllworthFinancial
• Facebookfacebook.com/AllworthFinancial
• LinkedInlinkedin.com/company/allworth-financial
• Instagraminstagram.com/allworthfinancial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Hanson McClain