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Allworth Financial Advisors

in Investment Advisors from Allworth Financial

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Allworth Financial Advisors

Unaffiliated

in Investment Advisors from Allworth Financial

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Highlights
Minimum Initial Investment $500,000
Management Fee Up to 1.85%

Allworth Financial Advisors Review

Allworth Financial Advisors was founded in 1993 and is based in Roseville, CA. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Allworth Financial Advisors is not tied to a particular company or product and can therefore offer unbiased investment advice.

Allworth Financial Advisors Pros & Cons
The Good The Bad
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Small selection of account types offered.
  • Limited investment options.
Allworth Financial Advisors FAQ

What fees does Allworth Financial Advisors charge?

Allworth Financial Advisors uses a fee-only model.

This means Allworth Financial Advisors gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Allworth Financial Advisors Fees
Description
Monthly Fee $0
Fee Based?

What management fees does Allworth Financial Advisors charge?

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Allworth Financial Advisors?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Allworth Financial Advisors does not charge fees based on an investment expense ratio.

What features does Allworth Financial Advisors offer?

What type of investment accounts and asset classes does Allworth Financial Advisors support?

Allworth Financial does not offer any of the investment vehicles that we track.

What is the minimum amount you have to invest to open an account with Allworth Financial Advisors?

The minimum amount to open an account with Allworth Financial Advisors is 500000.
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Message From Allworth Financial Advisors

Allworth Financial (formerly Hanson McClain Advisors) is an independent wealth management firm with approximately $10 billion AUM and 17 offices nationwide. Allworth delivers refreshingly straightforward retirement, tax, investment, and estate planning guidance that helps clients achieve their financial goals.

Since 1993, Allworth Financial has helped over 13,000 families and individuals manage their personal finances in order to live fulfilling and meaningful lives, well into their retirement.

Recognized by Barron’s magazine as a top 50 national RIA, and winner of the 2019 NBRI Circle of Excellence Award for both customer and employee satisfaction, Allworth is dedicated to bringing quality financial advice to communities throughout the United States.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

About Allworth Financial Advisors

Feature Breakdown

Monthly Fee $0
Fee Based
Management Fee Up to 1.85%
Minimum Initial Investment $500,000
Investment Features Registered Investment Advisor

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