Lightyear buys Allworth Financial at a white-hot valuation, despite short track record, after Scott Hanson cracks a marketing and comp code
Only founded as Allworth in 2017, the Sacramento, Calif., RIA with $10 billion of AUM looks like a growth machine that may have commanded as much as $800 million.
Wowza
Moneyclip
Related Moves
Allworth gets its man in John Bunch, who takes over as CEO 'with bases loaded and nobody out' but faces a high bar
Co-founders Scott Hanson and Pat McClain of the $18-billion RIA got the former TD Ameritrade retail chief on his way home from a stint in the UK
October 13, 2023 at 2:06 AM
Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories
Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.
September 7, 2023 at 9:46 PM
Allworth Financial
Mergers and Acquisition Firm, RIA Serving Other RIAs, Advisory Firm
Top Executive: Scott Hanson and Pat McClain
