SACRAMENTO, Calif., Oct. 5, 2017 /PRNewswire/ -- Hanson McClain Advisors, an independent investment financial advisory firm, and Parthenon Capital Partners ("Parthenon"), a growth-oriented private equity firm, have closed their previously announced strategic partnership. The partnership was first announced in July 2017, pending standard regulatory approvals which have since been received.
"We are excited that the deal is now closed and we can focus exclusively on growing the Hanson McClain Advisors model and continuing to provide unbiased, straightforward financial and retirement advice to new and existing clients," says Scott Hanson, co-founder and senior partner at Hanson McClain Advisors.
To ensure the company remains client-centric, Hanson McClain co-founders, Scott Hanson and Pat McClain, will continue to run the day-to-day operations, the leadership team will remain unchanged, and the firm's headquarters will continue to be Sacramento, California.
"We are very excited that our partnership with Hanson McClain Advisors is now finalized," says Andrew Dodson, a managing partner of Parthenon. "Hanson McClain Advisors is remarkably well positioned for expansion; they have a strong history of growth and leadership in the financial services space; and their team is poised to take the firm to new heights."
With the finalization of the partnership, and fueled by Parthenon's capital investment, Hanson McClain Advisors will look to expand upon its competitive advantages by entering new markets, both organically and through acquisition, and invest in technology, systems, and people to expand its business and to continue to provide best-in-class service to its current clients.
"We believe a fiduciary, financial planning approach is best, and we want to see that available to as many people as possible," says Pat McClain, co-founder and senior partner of Hanson McClain Advisors.
Anthony Orazio, a vice president at Parthenon, added, "Finalizing our partnership with Scott and Pat represents the culmination of a longstanding Parthenon effort in the wealth management and RIA space. We look forward to working closely with the Hanson McClain team to achieve our shared vision."
Hanson McClain Advisors
Hanson McClain Advisors (www.HansonMcClain.com) is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. Hanson McClain delivers long- and short-term investment planning solutions and advice to help clients achieve their goals and plan strategically for retirement.
About Parthenon Capital Partners
Parthenon Capital Partners (www.parthenoncapitalpartners.com) is a leading mid-market private equity firm based in Boston and San Francisco. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in healthcare technology and services, financial and insurance services, and business services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. Parthenon's investment team has deep experience in corporate strategy, human capital, capital markets, and operations, thereby enabling the firm to pursue complex, multi-faceted value creation opportunities.
SOURCE Hanson McClain Advisors