United Capital Acquires $500M Firm

(via InvestmentNews.com)

"United Capital announced its biggest acquisition of the year Monday, a $500 million asset firm that was previously affiliated with Ameriprise Financial.

United Capital's latest acquisition, Ellis & Ellis, serves 700 households and is based in The Woodlands, Texas. Byron Ellis, managing director, said the team conducted an extensive search before deciding to join forces with United Capital."

Read the full article here.

United Capital acquires $320 million AUM adviser

California-based Valley Wealth is firm's third – and largest – acquisition this year

After embarking on a more aggressive, national growth strategy in August, United Capital has acquired a registered investment adviser with $320 million in client assets.

The firm said Thursday it picked up Valley Wealth Inc., a Modesto, Calif.-based RIA founded in 2008, which is United Capital's third and largest acquisition so far this year. Valley Wealth brings United Capital to roughly $10.6 billion in assets under management.

To read the rest of the article by Mason Braswell on InvestmentNews.com, click here.