United Capital Financial Advisers has added Ellis & Ellis LLC, an advisory firm based in The Woodlands, Texas, to its partnership, the firm announced today.

Formerly affiliated with Ameriprise Financial, Ellis & Ellis manages more than $500 million in assets for more than 700 clients.

Byron Ellis, the firm’s founder, has joined United Capital as a managing director. His staff of 10 professionals have also joined him in the transition.

After considering more than 35 firms to align with, Ellis and his team chose United Capital, based in part on the firm's institutionalized systems and open architecture, according to the announcement.

“We’ve joined a firm that seeks to offer clients the same things we do: confidence and clarity as they prepare for and transition into retirement,” said Ellis.

The addition of Ellis & Ellis to United Capital’s partnership creates the seventh Texas office and 50th office nationwide for the firm.