United Capital Financial Advisors LLC continued its expansion into the Southeast by acquiring Atlanta-based PPA Advisors Inc., United Capital announced Monday.
PPA Advisors brings $224 million in assets under management and $122 million in assets under advisement, as well as nine professionals, to United Capital. It is the second firm from Georgia to join United Capital in the past year.
PPA will operate under the United Capital name. PPA had outgrown its operating structure and back office support, which United Capital will assist with, the firm says.
United Capital, based in Newport Beach, Calif., has $17 billion in assets under advisement.