Allworth Financial Announces the Acquisition of Bastoni Financial Services
SACRAMENTO, Calif., December 8, 2020 – Allworth Financial announced today that it has acquired Bastoni Financial Services of Folsom, California, making it the 12th firm that Allworth has acquired in just under three years. With roughly $270 million in assets under management, Bastoni Financial Services expands Allworth’s footprint in Northern California, and raises their total AUM to over $10 billion.
“Pat and I have known Dave for a very long time and not only do we have a lot of respect for the way he conducts business, our partnership is a natural fit because we both rate client service as the single most important thing we do,” said Scott Hanson, co-CEO of Allworth Financial. “With Dave, we are entering into a partnership with a firm that has a great reputation in a region we proudly call home.”
“Everyone here at Bastoni is excited to be partnering with Allworth,” said Bastoni Financial Services president and founder, Dave Bastoni. “Working together is something we’ve been discussing for a long time, and now that’s it’s finally official, we can’t wait to be a part of Allworth’s expansion from coast-to-coast.”
Not only was Allworth Financial just named one of the ten fastest growing firms in America by Financial Advisor magazine, Barron’s recently named Allworth the 27th best RIA in America, up from #34 in 2019.
“It’s a great moment when you get to do business with people you know and respect,” said Allworth co-CEO Pat McClain. “With the addition of Dave Bastoni, and his terrific team in Folsom, we’ve taken another major step toward reaching our goal of being one of the most recognizable financial advisory firms in the nation.”
About Allworth Financial
With its direct and educational approach to advising, 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. With more than $10 billion in AUM, Allworth delivers long and short-term investment planning solutions and guidance to help clients achieve their goals and plan strategically for retirement.
About Bastoni Financial Services
Bastoni Financial Services provides financial planning and investment management for individuals, families, and utility company employees in the Sacramento, California, region.