Exciting Expansion for United Capital Financial Advisors
United Capital Financial Advisors, a notable registered investment advisor (RIA), has recently taken a significant step forward by acquiring Apexium Financial LP, a prominent nationwide RIA with offices across various regions. This strategic acquisition marks a major milestone for United Capital as it enhances their presence in the wealth management industry.
Growth Through Acquisition
This acquisition brings over $4 billion in assets under management (AUM) to United Capital, along with a highly experienced team. The professionals at Apexium Financial boast more than 20 years of expertise in wealth management, positioning them as an asset to United Capital.
Strengthening Client Relationships
Jim Rivers, the President of United Capital, expressed enthusiasm about the merger, stating, "We are excited to have Apexium Financial join United Capital. Matt, Cory, Rob, and their team have built a successful firm known for its growth through various referral channels. Our shared focus on growth and stellar client service promises to widen the scope of financial planning for our clients. We are eager to support the continued success of the Apexium Financial team."
In a parallel sentiment, the managing partners of Apexium emphasized that the decision to unite with United Capital stemmed from their mutual desire for a more personalized approach to financial strategies for their clients. This partnership is set to enhance the exceptional service provided to clients, integrating United Capital's diverse in-house wealth management offerings.
The Benefits of the Acquisition
This merger is not just about increased assets; it’s about the array of services United Capital offers through this collaboration, including estate planning, income tax management, investment solutions, and specialized business services. Apexium Financial’s clientele can expect an even more comprehensive suite of options thanks to the extensive resources provided by United Capital.
Legal and Advisory Support
Apexium Financial's legal counsel during this acquisition was provided by Sidley Austin LLP, while Decerno Advisors played a pivotal role as the M&A consultant. Notably, this acquisition represents United Capital's second this year, following their earlier integration of The Paul Group.
About United Capital Financial Advisors
United Capital Financial Advisors prides itself on being an independent wealth management firm that employs a unique and personalized planning process. They are focused on delivering tailored investing strategies that cater to their clients' specific financial needs. This innovative approach is a cornerstone of United Capital's strategy to build effective client portfolios.
Frequently Asked Questions
What is the significance of the acquisition?
The acquisition of Apexium Financial LP adds over $4 billion in assets under management and strengthens United Capital's position in the wealth management sector.
Who will benefit from this acquisition?
Clients of Apexium Financial will benefit from United Capital's diverse wealth management services, enhancing their financial strategies.
What services does United Capital provide?
United Capital provides estate planning, income tax management, investment services, and other business-specific solutions to effectively manage client wealth.
How does United Capital ensure personalized service?
United Capital utilizes a personalized planning process and proprietary investing strategies tailored to meet the unique needs of each client.
What was mentioned about the legal support in the acquisition?
Sidley Austin LLP provided legal counsel for Apexium Financial, highlighting the thorough support behind the merger process.
