03.24.2022
Allworth Financial Expands Midwestern Presence with Horseman Group Partnership
The agreement adds three Missouri locations
Folsom, CA, March 24, 2022 – Barron’s 23rd ranked Registered Investment Advisor (RIA) Allworth Financial1, has acquired Horseman Group of St. Louis, Missouri. Financial terms of the transaction were not disclosed.
Founded in 2002, and with three Missouri offices, the 13-member team at Horseman manages over $991 million in assets for over 1,600 client households. Now with 19 completed partnerships in just four years, the Horseman agreement increases Allworth’s footprint to 24 offices in 10 states, encompassing every region of the country.
Said Allworth Co-CEO and Co-founder, Scott Hanson, "We are excited to announce that John Horseman and Bill Macher have agreed to join Allworth Financial as equity partners and will be bringing with them an experienced team of client-first professionals who are deeply committed to the people they serve."
"One of the many reasons that this is such a great fit is that both of our firms were largely built by serving key niche markets; Horseman through world renowned brands such as Ameren, Boeing, Procter & Gamble, Phillips 66, and others, and Allworth via the telecommunications, energy and airline industries," said John Horseman. "By partnering with a national firm that emphasizes the needs of the client, we simply felt that Scott Hanson and Pat McClain understand our mission. What they’ve built in Allworth aligns perfectly with the Horseman philosophy, which is that it is our primary responsibility to help clients reach their financial goals and to live better, fuller lives, while also caring for team members, many of whom have been with us from the very beginning."
Said Allworth Co-CEO and Co-founder, Pat McClain, "When I first met John and Bill, it was immediately apparent that we valued the same things: placing both clients and staff first and making certain that they not only have access to the best available resources, but that they always receive the best service possible. Together, Horseman Group and Allworth Financial are going to continue to accomplish both things for decades to come."
Founded in 1993 in Sacramento, California, Allworth Financial manages over $14 billion for its nearly 17,000 clients nationwide. To fuel additional growth efforts and infrastructure investments, in 2020, Allworth partnered with New York-based private equity firm, Lightyear Capital and Ontario Teachers' Pension Plan.
About Allworth Financial
With its direct and educational approach to advising, award-winning Allworth Financial is a full-service independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. Allworth delivers long and short-term investment planning solutions and guidance to help clients achieve their goals and plan strategically for retirement.
1 Barron’s Top 100 RIA
Allworth Financial Expands Midwestern Presence with Horseman Group Partnership
The agreement adds three Missouri locations
Folsom, CA, March 24, 2022 – Barron’s 23rd ranked Registered Investment Advisor (RIA) Allworth Financial1, has acquired Horseman Group of St. Louis, Missouri. Financial terms of the transaction were not disclosed.
Founded in 2002, and with three Missouri offices, the 13-member team at Horseman manages over $991 million in assets for over 1,600 client households. Now with 19 completed partnerships in just four years, the Horseman agreement increases Allworth’s footprint to 24 offices in 10 states, encompassing every region of the country.
Said Allworth Co-CEO and Co-founder, Scott Hanson, "We are excited to announce that John Horseman and Bill Macher have agreed to join Allworth Financial as equity partners and will be bringing with them an experienced team of client-first professionals who are deeply committed to the people they serve."
"One of the many reasons that this is such a great fit is that both of our firms were largely built by serving key niche markets; Horseman through world renowned brands such as Ameren, Boeing, Procter & Gamble, Phillips 66, and others, and Allworth via the telecommunications, energy and airline industries," said John Horseman. "By partnering with a national firm that emphasizes the needs of the client, we simply felt that Scott Hanson and Pat McClain understand our mission. What they’ve built in Allworth aligns perfectly with the Horseman philosophy, which is that it is our primary responsibility to help clients reach their financial goals and to live better, fuller lives, while also caring for team members, many of whom have been with us from the very beginning."
Said Allworth Co-CEO and Co-founder, Pat McClain, "When I first met John and Bill, it was immediately apparent that we valued the same things: placing both clients and staff first and making certain that they not only have access to the best available resources, but that they always receive the best service possible. Together, Horseman Group and Allworth Financial are going to continue to accomplish both things for decades to come."
Founded in 1993 in Sacramento, California, Allworth Financial manages over $14 billion for its nearly 17,000 clients nationwide. To fuel additional growth efforts and infrastructure investments, in 2020, Allworth partnered with New York-based private equity firm, Lightyear Capital and Ontario Teachers' Pension Plan.
About Allworth Financial
With its direct and educational approach to advising, award-winning Allworth Financial is a full-service independent investment financial advisory firm that specializes in retirement planning, investment advising, tax planning & preparation, estate planning, and 401(k) management. Allworth delivers long and short-term investment planning solutions and guidance to help clients achieve their goals and plan strategically for retirement.
1 Barron’s Top 100 RIA