Our Story

$26B
Assets Under Management⁴

Barron's
14th Ranked RIA¹

97%
Historical Client Retention Rate²

NBRI
Circle of Excellence Award Winner³

Over thirty years ago, Allworth was founded by two guys who shared one desk—and a big idea.  

Scott T. Hanson and Pat McClain, two brash, young financial advisors on the rise, worked at the same big-name firm, bonded over a shared passion for the work, and recognized a shared disregard for the status quo. 

They believed investors deserved a clear alternative to the self-motivated, sales-focused advisory model offered by most other firms. So, in 1993, they set out on their own to found Hanson McClain Advisors—a fee-based fiduciary firm focused on doing right by their clients. 

At that time, leaving the comfort of a big Wall Street-backed firm was a risk, especially because fiduciary-based firms were considered niche-focused and often marginalized by the financial industry itself. But, with a lot of heart and hustle, word spread, clients were gained, and the Hanson McClain story of two guys and one desk grew into something greater. It turned out, their idea resonated with investors and other like-minded firms across the country, leading to steady year-over-year growth and continued success.  

Over time, we became one of the fastest growing and most respected firms in the United States—adding offices and talented associates across the county.  And in 2018, Hanson McClain Advisors became Allworth Financial—a top 20 ranked RIA (out of 14,000) in the United States.  

Today, Allworth continues to hold fast to our belief that when financial guidance is both comprehensive and personalized—and our success is aligned with our clients’—they get more than just advice. They get a financial ally for life.