Newport Beach, Calif.-based United Capital Advisors has announced a pair of acquisitions that are anticipated to bring in $1.5 billion in assets to its platform.
United Capital has acquired assets from Hunt Valley, Md.-based PSA Insurance and Financial Services. The 87-year-old firm’s retirement plan practice has $1.1 billion in assets under advisement, while its wealth management practice has approximately $189 million in AUM.
Pittsburgh, Penn.-based Select Financial Group has also been acquired by United Capital and is anticipated to bring about $270 million in assets.
United Capital will retain the acquired firms’ offices in Pittsburgh and Hunt Valley, bringing the RIA to 79 regional offices nationwide with more than $15 billion AUM.