California-based Allworth Financial has snapped up Blueprint Financial, an investment firm headquartered in Michigan.

Blueprint serves clients in the Grand Rapids metropolitan area, delivering portfolio as well as retirement planning services.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Previously called Hanson McClain Advisors, Allworth too focuses on retirement planning.

The acquisition adds around $80m in assets to Allworth’s books, taking the firm’s total assets to more than $4bn.

Allworth did not disclose how much it paid for the purchase.

Allworth co-founder Pat McClain said: “We’ve been looking for firms to partner with for a little over a year now, and we’re proud that our business model and approach to financial planning is resonating.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Blueprint and its team are known for serving their clients exceptionally well, and we are looking forward to making additional investments to help them grow and meet with more clients.”

The recently-rebranded Hanson acquired HBP Retirement Group earlier this year.

Last year, Hanson bought Simply Money Advisors.

Blueprint co-founder Denis York said: “We wanted to find the right partner to help us best serve our existing clients while enabling us to grow faster than we could otherwise.

“We selected Allworth because they have a strong history of organic growth and expertise in the financial planning sector.”