Allworth Acquires New York Muchler Financial Services

Partnership Expands Allworth’s Presence in the Northeastern United States

Folsom, Calif., Aug. 24, 2022 (GLOBE NEWSWIRE) — With the completion of its 22n/a partnership in four years, Allworth Financial, the 9e Fastest Growing RIA in America1, acquired Muchler Financial Services of Dansville (Rochester), New York, for $200 million. Charlotte, North Carolina-based advisory firm Alaris Acquisitions acted as M&A advisor to Muchler Financial Services on the transaction. Financial terms of the Allworth-Muchler deal were not disclosed.

“Getting to know the executives of many of the companies they acquired, I quickly became confident that Allworth’s philosophy of researching the interests of new partners, the career paths of their employees, as well as the well-being and financial education of clients, is 100% genuine,” said Terry Muchler, CEO of Muchler Financial. “The deciding factor in partnering with Allworth over any other company was that their founders, Scott Hanson and Pat McClain care as much as I do about doing the right thing.”

Allworth Financial, with $15 billion in AAU, clients in all 50 states and 26 offices in every region of the country, was founded in 1993 in Sacramento, California. In 2021, the company again obtained the award from the National Business Research Institute Circle of Excellence designation for client satisfaction, ranking it among America’s most admired wealth management brands.

“What has impressed us most is the passion with which Terry Muchler champions the well-being of his clients, as well as the people he works with,” said Scott Hanson, co-CEO and co-founder of Allworth. “We are delighted to welcome Terry and his amazing team to the Allworth family.”

“RIAs like Muchler that are well-run and culturally relevant are hard to find,” said Allworth co-CEO and co-founder Pat McClain. “The fact that Terry Muchler was looking to implement a succession plan that would allow him to continue working with his clients, while having to manage fewer of the day-to-day responsibilities of running a business, made the partnership with Muchler Financial easier. decision.”

About Allworth Financial

With its hands-on, educational approach to consulting, $15 billion in AAU, and with offices in every region of the country, award-winning Allworth Financial is a full-service RIA specializing in retirement planning, investment management, tax planning and preparation, estate planning, and 401(k) management. Allworth offers long- and short-term investment planning solutions and advice to help clients achieve their goals and plan strategically for retirement.

1 https://www.riachannel.com/top-wealth-managers-growth-in-assets-Allworth-Financial/

CONTACT: Sean Harvey Allworth Financial 5102921910 [email protected]