United Capital Financial Advisors LLC has acquired two new firms, adding a total $740 million in assets under management to its $15 billion total, United Capital announced Monday.
Six individuals from StanCorp Investment Advisors, a wholly owned subsidiary of StanCorp Financial Group Inc., based in Oregon, have joined the firm and have opened five new office locations. Together, these advisors and staff bring more than $574 million in AUM to United Capital.
United Capital also announced the acquisition of Hutchinson Financial Inc. of Little Rock, Ark. Its staff members, including founder Eric Hutchinson, now a managing director at United Capital, are now employees of United Capital.
The acquisition of Hutchinson marks United Capital’s entrance into the Arkansas marketplace. It serves its clients in two locations in Arkansas and Texas and manages approximately $171 million in AUM.
The two additions are part of the expansion strategy of United Capital, which now has 74 offices throughout the United States.