Allworth Financial announced that John Bunch will succeed co-founders Scott Hanson and Pat McClain as the wealth management firm's chief executive.
Bunch most recently was chief financial services officer at Evelyn Partners, a UK wealth management and professional services firm. Earlier, he served as chief operating officer and executive vice president at Edelman Financial Engines and CEO of The Mutual Fund Store, and held executive positions at TD Ameritrade and Charles Schwab.
Allworth had announced in August that Hanson and McClain were stepping down as co-CEOs, although they will remain with the firm and continue to serve clients. Hanson will be the firm’s vice chairman and McClain will continue to head its mergers and partnerships unit.
“We are absolutely thrilled to have John join us to lead this great company through its next chapters of growth,” Hanson said in a statement. “Both Pat and I have known John for over a decade and there is no one better fit for this role than Bunch.”
Bunch will join Allworth Nov. 6; Hanson and McClain will continue to serve as co-CEOs until then.
“I couldn’t be more excited to join the incredible folks at Allworth as we build one of the nation’s top financial advice firms,” Bunch said in the statement. “The independent advice model is clearly the platform of choice for consumers and Allworth has a phenomenal cadre of advisers and a superior team of associates.”
Allworth Financial manages more than $18 billion for 23,000 clients through 34 offices in 18 states.
New survey reveals heightened investor concern over market volatility, retirement readiness, and the impact of tariffs on living costs.
Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.
Consolidation continues in US wealth management industry.
Tech company democratizes access to US trading infrastructure.
RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
