United Capital acquires $500M firm

Texas-based Ellis & Ellis formerly was affiliated with Ameriprise Financial.
FEB 18, 2015
United Capital announced its biggest acquisition of the year Monday, a $500 million asset firm that was previously affiliated with Ameriprise Financial. United Capital's latest acquisition, Ellis & Ellis, serves 700 households and is based in The Woodlands, Texas. Byron Ellis, managing director, said the team conducted an extensive search before deciding to join forces with United Capital. “At first we wanted to be independent,” said Mr. Ellis. “We likely considered more than 35 firms as destinations for us — the firm that aligned best with our needs, as well as the needs of our clients, was United Capital.” Ellis & Ellis will bring along 10 staff members who have responsibilities as wealth advisers, assistant wealth advisers, para planners and those in administrative services. “Within the next two years, I can see us adding at least five more advisers to help with the anticipated growth,” Mr. Ellis said.

Latest News

Fed and FDIC ease bank insider lending rules in latest deregulatory push
Fed and FDIC ease bank insider lending rules in latest deregulatory push

The proposals extend a wave of regulatory relief in 2026 that has already loosened capital requirements for community banks.

FMG Suite adds four senior leaders to scale AI and enterprise growth
FMG Suite adds four senior leaders to scale AI and enterprise growth

The advisor marketing platform is expanding its leadership team to accelerate enterprise sales and AI-driven compliance tools.

Retirement income shouldn’t be an afterthought
Retirement income shouldn’t be an afterthought

Why “one big pool of money” needs predictability—and a plan.

LPL posts record adjusted earnings as recruiting pipeline hits new high
LPL posts record adjusted earnings as recruiting pipeline hits new high

Advisor recruiting climbed to its strongest pace in nearly two years, while CEO Richard Steinmeier said the firm has "cleared the decks" for bigger institutional deals.

Red Oak, WealthReach ink deals to cement compliance and marketing leadership
Red Oak, WealthReach ink deals to cement compliance and marketing leadership

The combinations involving MirrorWeb and AdvisorRankings illustrate how AI is reshaping both wealth firm operations and wealthtech platforms' business models.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income