Hanson McClain taps private equity for first merger

Hanson McClain Advisors, tapping funds from Parthenon Capital Partners, its private equity partner, is merging with Simply Money Advisors, headed by Nathan Bachrach and Ed Finke. The combined Sacramento, Calif.-based Hanson McClain and Cincinnati, Ohio-based Simply Money will manage $3.3 billion in assets and serve more than 6,200 clients. In a release, Hanson McClain said that Messrs. Bachrach and Finke will remain involved in the senior leadership of the combined organization and continue hosting their daily Simply Money radio show. The merger with Simply Money represents Hanson McClain's first such partnership as part of its goal of entering new geographies by combining forces with like-minded financial advisory firms, the release said. ​