Announced
Completed
Financials
Tags
Private
Completed
Majority
Single Bidder
Acquisition
Friendly
Private Equity
Asset Managers and Custodians
investment advisor
United States
Synopsis
Allworth Financial, formerly known as Hanson McClain Advisors, completed the acquisition of RAA, a financial planning firms specializing in serving the airline community. Financial terms were nor disclosed. The acquisition, which remains subject to standard regulatory approvals, will provide an opportunity for RAA to continue to grow in the airline community as well as expand Allworth’s national presence. “We are excited to join the Allworth team, and are confident that this strategic partnership will provide RAA with the resources to continue to expand our presence in the airline community, enhance technology, and deliver an exceptional experience to our clients. It was clear from the first meeting that Allworth shares our culture, values, and a relentless focus on adding value to their clients’ lives, which made them our ideal partner,” John Bentley, RAA Chief Executive Officer.
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