Allworth Financial, L.P. is a large advisory firm based in Sacramento. It manages $4.21 billion of regulatory assets for 16,734 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Allworth Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Allworth Financial, L.P. is $4.21 billion. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Allworth Financial, L.P. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Steven Thomas Burnett is individuals with 6,263 clients and $2.14 billion of assets under management. Among the 7 most similar advisory firms, Allworth Financial has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $4.21 billion for 7,391 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Allworth Financial doesn't advise any private funds.
The company employs 123 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 49 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Steven Thomas Burnett has been acting as President since 1 Jul 2017. David William Schauer has served as the Chief Investment Officer since 1 Jul 2017. Christopher Michael Oddy joined the executive team most recently as the Chief Financial Officer.
The principal office where Allworth Financial, L.P. performs its advisory services is located at 8775 Folsom Blvd., Sacramento, CA 95826, which is also the mailing address of the firm. An additional office of the firm is in Elk Grove, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 916-482-2196 or by fax 916-483-9661. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at hansonmcclain.com.