United Capital

United Capital
Private
Industry Financial services
Founded 2005
Founders Joe Duran, Bob Doede
Headquarters Newport Beach, California, United States
Area served
 Worldwide
Key people
 Joe Duran, CEO and co-founder, Bob Doede, Chairman and co-founder
Services Financial life management, investment management
AUM US$ 15 billion (2015)[1]
Number of employees
 487
Parent United Capital Financial Partners
Website http://www.unitedcp.com

United Capital Financial Advisers, LLC ("United Capital") is a national financial management firm headquartered in Newport Beach, California.[2] It has 74 offices in the United States and manages $15 billion in assets.[1][3] United Capital was founded by CEO Joe Duran.[4][5] Private-equity firms Bessemer Venture Partners and Grail Partners LLC own approximately 40 percent of United Capital while employees and managers own the remaining. United Capital has described itself as an early adopter among finance companies of behavioral finance.[6] In 2015, United Capital began describing its services as "financial life management", to emphasize the difference from wealth management.[7][8]

History

United Capital was founded in 2005 as a national network of independent advisory firms.[7] The company was initially founded, financed and developed by Duran and his business colleagues. By 2010, United Capital by over 150 employees and $30 million in revenue.[9] By 2008, following several acquisitions of investment advisory firms such as Maul Capital Management, Integrated Financial Management, and Trevethan Capital Partners, United Capital was operating with 47 offices and 350 employees.[6][10] The company made its largest acquisition of 2014 when it acquired Ellis & Ellis, a $500 million-asset firm that was previously affiliated with Ameriprise Financial.[11]

References

  1. 1 2 FA Staff (2015-06-15). "United Capital Acquires Two Firms". Financial Advisor. Retrieved 2015-10-20.
  2. ↑ Ellen Chang (2015-05-11). "Generation X is better prepared for retirement than baby boomers". Main St. Retrieved 2015-10-20.
  3. ↑ Lauren K. Ohnesorge (2015-04-14). "United Capital acquires 30-year-old Chapel Hill advisory firm". Triangle Business Journal. Retrieved 2015-10-20.
  4. ↑ "These emotions cause your money mistakes". Yahoo Finance. 2015-07-10. Retrieved 2015-10-20.
  5. ↑ "EY announces award winners for Entrepreneur Of The Year 2015 Orange County". High Desert Daily. 2015-06-16. Retrieved 2015-10-20.
  6. 1 2 Dan Jamieson (2013-10-13). "Turning advice on its head". Investment News. Crain Communications. Retrieved 2015-10-20. (registration required (help)).
  7. 1 2 Gil Weinreich (2015-04-15). "United Capital’s Duran: Wealth management is dead. Long live life management!". Think Advisor. Retrieved 2015-10-20.
  8. ↑ Mike Consol (May 2015). "Financial life" (PDF). Real Assets Advisor. Retrieved 2015-10-20.
  9. ↑ Diana Britton (2014-04-14). "Joe Duran's journey out of chaos". Wealth Management.com. Retrieved 2015-10-20.
  10. ↑ "United Capital acquires three". Private Asset Management (p. 6). 2008-12-15.
  11. ↑ Bianca Flowers (2014-12-15). "United Capital acquires $500M firm". Investment News. Retrieved 2015-10-20.
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