Allworth Financial, the Sacramento, Calif.-based registered investment adviser formerly known as Hanson McClain Advisors, has acquired Siena Wealth Management, a San Jose, Calif.-based firm managing $250 million.
Siena has four employees and a client base of approximately 200 families. The firm is headed by Ron Howard, who will join Allworth.
The Siena acquisition brings Allworth's total assets under management to over $4.5 billion. The firm has added five firms and more than $1.5 billion in acquired assets in the last year and a half.