{"id":395476,"date":"2020-12-08T09:12:59","date_gmt":"2020-12-08T14:12:59","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395476"},"modified":"2020-12-08T09:12:59","modified_gmt":"2020-12-08T14:12:59","slug":"sacramentos-allworth-financial-acquires-bastoni-financial-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sacramentos-allworth-financial-acquires-bastoni-financial-services\/","title":{"rendered":"Sacramento’s Allworth Financial Acquires Bastoni Financial Services"},"content":{"rendered":"

\nThe deal marks the 12th in three years for fast growing Allworth Financial
\n<\/h2>\n
\n

Sacramento, California, Dec. 08, 2020 (GLOBE NEWSWIRE) — SACRAMENTO, Calif., December 8, 2020- <\/strong>Allworth Financial (\u201cAllworth\u201d) has entered into a definitive agreement to acquire the financial planning and investment advisory firm Bastoni Financial Services (\u201cBastoni\u201d) of Folsom, California. With roughly $270 million in assets under management, Bastoni expands Allworth\u2019s footprint in Northern California, and increases the firm\u2019s total assets under management to over $10 billion. <\/strong><\/p>\n

\n \u201cPat McClain and I have known Dave Bastoni for a long time, and we have a lot of respect for the high-quality retirement planning services he provides to his clients,\u201d said Scott Hanson, co-CEO of Allworth Financial. \u201cWith Dave, we are entering into a partnership with a firm that has a great reputation in a region we proudly call home.\u201d\u00a0 <\/strong>\n <\/p>\n

\n \u201cEveryone here at Bastoni is excited to be partnering with Allworth,\u201d said Bastoni president and founder, Dave Bastoni. \u201cWorking together is something we\u2019ve been discussing for a long time, and now that\u2019s it\u2019s finally official, we\u2019re looking forward to the benefits of our partnership.\u201d<\/strong>\n <\/p>\n

\n The deal represents Allworth\u2019s 5th<\/sup> acquisition this year and 12th<\/sup> overall since the Sacramento-based firm partnered with Boston-based Parthenon Capital back in 2017. Allworth was recently named one of Financial Advisor<\/i> magazine\u2019s 10 fastest growing firms in the country. <\/strong>\n <\/p>\n

\n \u201cWe\u2019ve seen a tremendous amount of interest from firms looking to partner. We\u2019re proud of the team and model we\u2019ve built at Allworth, and it seems the industry is taking notice,\u201d said Allworth co-CEO Pat McClain. \u201cWith the addition of Dave Bastoni, and his terrific team, we\u2019ve taken another step toward reaching our goal of building a national firm that is a respected leader in the marketplace.\u201d<\/strong>\n <\/p>\n

\n \u00a0<\/strong>\n <\/p>\n

\n About Allworth Financial<\/strong>\n <\/p>\n

With its direct and educational approach to advising,\u00a0Allworth Financial\u00a0is 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 over $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.<\/p>\n

\n About Bastoni Financial Services \u00a0<\/strong>\n <\/p>\n

\n Bastoni Financial Services provides financial planning and investment management for individuals, families, and utility company employees in the Sacramento, California, region. <\/strong>\n <\/p>\n


\n
\n \n <\/div>\n

\n
Sean Harvey\r\nAllworth Financial\r\n5102921910\r\nsean.harvey@allworthfinancial.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The deal marks the 12th in three years for fast growing Allworth Financial Sacramento, California, Dec. 08, 2020 (GLOBE NEWSWIRE) — SACRAMENTO, Calif., December 8, 2020- Allworth Financial (\u201cAllworth\u201d) has entered into a definitive agreement to acquire the financial planning and investment advisory firm Bastoni Financial Services (\u201cBastoni\u201d) of Folsom, California. With roughly $270 million in assets under management, Bastoni expands Allworth\u2019s footprint in Northern California, and increases the firm\u2019s total assets under management to over $10 billion. \u201cPat McClain and I have known Dave Bastoni for a long time, and we have a lot of respect for the high-quality retirement planning services he provides to his clients,\u201d said Scott Hanson, co-CEO of Allworth Financial. \u201cWith Dave, we are entering … <\/p>\n
Continue reading “Sacramento’s Allworth Financial Acquires Bastoni Financial Services”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395476","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSacramento's Allworth Financial Acquires Bastoni Financial Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sacramentos-allworth-financial-acquires-bastoni-financial-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sacramento's Allworth Financial Acquires Bastoni Financial Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The deal marks the 12th in three years for fast growing Allworth Financial Sacramento, California, Dec. 08, 2020 (GLOBE NEWSWIRE) — SACRAMENTO, Calif., December 8, 2020- Allworth Financial (\u201cAllworth\u201d) has entered into a definitive agreement to acquire the financial planning and investment advisory firm Bastoni Financial Services (\u201cBastoni\u201d) of Folsom, California. With roughly $270 million in assets under management, Bastoni expands Allworth\u2019s footprint in Northern California, and increases the firm\u2019s total assets under management to over $10 billion. \u201cPat McClain and I have known Dave Bastoni for a long time, and we have a lot of respect for the high-quality retirement planning services he provides to his clients,\u201d said Scott Hanson, co-CEO of Allworth Financial. \u201cWith Dave, we are entering … Continue reading "Sacramento’s Allworth Financial Acquires Bastoni Financial Services"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sacramentos-allworth-financial-acquires-bastoni-financial-services\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-08T14:12:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODY3OSMzODYxNjc5IzIxOTAxODE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sacramento’s Allworth Financial Acquires Bastoni Financial Services\",\"datePublished\":\"2020-12-08T14:12:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/\"},\"wordCount\":388,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5ODY3OSMzODYxNjc5IzIxOTAxODE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sacramentos-allworth-financial-acquires-bastoni-financial-services\\\/\",\"name\":\"Sacramento's Allworth Financial Acquires Bastoni Financial Services - 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