Newport Beach, Calif.-based United Capital Financial Advisers has announced the acquisition of three wealth advisors with combined assets under management of $758 million.
Colorado-based Asset One LLC brings $403 million in assets to United Capital. CEO Thomas Baumler will stay on as a managing director.
AUM Compass Wealth Advisors, based in Elkhart, Ind. and with $210 million AUM, brings 450 client relationships to United Capital. Owner and CEO Greg Schoenfeld becomes a managing director with the acquisition.
Jensen Wealth Advisors, based in Palm Desert, Calif., adds 180 client relationships and $135 million AUM to the fold. Founder Erik Jensen will join United Capital as a managing director.
“In Jensen Wealth Advisors, Compass Wealth Advisors and Asset One, we’ve found three strategic partners that align with our core values of putting the client first and share our personalized approach to financial life management,” says Matt Brinker, head of national partner development at United Capital, in released comments. “With the addition of these three dedicated teams, we’re able to continue to expand our national footprint and bring ground-breaking, industry-changing financial life management tools to more individuals across the country.”
United Capital Financial Partners now has $19.3billion AUM and 84 offices around the U.S.