Allworth Financial, the Sacramento, Calif.-based registered investment adviser formerly known as Hanson McClain Advisors, has acquired Houston Asset Management, a registered investment advisory firm managing $450 million.
The Houston, Texas-based firm, which was founded more than 40 years ago and consists of 13 people, increases Allworth’s assets under management to approximately $8 billion.
The transaction is Allworth’s eighth acquisition since it received a capital injection from private equity firm Parthenon Capital in 2017.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
