Allworth Financial, a prominent California registered investment advisor managing over $18 billion in assets, has announced the appointment of a new CEO. John Bunch will officially assume his new role at the firm on November 6th.
Bunch, who previously served as the chief financial services director at U.K. wealth management firm Evelyn Partners, expressed his excitement about joining Allworth. He praised the firm's independent advice model and highlighted the exceptional team of advisors and associates.
Prior to Evelyn Partners, Bunch held key positions such as chief operating officer at Edelman Financial Engines and CEO of The Mutual Fund Store. He also boasts leadership experience at renowned companies like TD Ameritrade and Schwab.
In his new capacity, Bunch will be leading a rapidly expanding registered investment advisor with approximately 23,000 clients nationwide.
This appointment marks the end of a transitional phase in Allworth's leadership. Co-CEOs Scott Hanson and Pat McClain, who founded the firm, will continue their involvement with Allworth under Bunch's leadership. Hanson will take on the role of vice chairman, focusing on advocating for the firm's advisors and returning to his roots as an advisor himself. McClain will assume the position of head of mergers and acquisitions, leveraging his expertise in this area.
"We are delighted to welcome John to lead this remarkable company into its next phase of growth," says Hanson. "Given our longstanding relationship with John, we believe he is the perfect fit for this role."
With the new CEO set to take charge soon, Allworth Financial is looking ahead to an exciting future.
